Preface
In 2023, Evergrande Group will be shocked by a thunderstorm that shocked the whole country, and the boss Xu Jiayin was imprisoned for this and got a "sewing machine package".
But no one expected that not long after, a thunderbolt bigger than Evergrande broke out, and the target was Zhengwei Group, a Fortune 500 company with assets of 10 trillion yuan and sales volume of 700 billion yuan.
Zhengwei's boss Wang Wenyin, who was Xu Jiayin's best friend before, was now ridiculed by netizens because of this:
It seems that the two of them will soon continue the "front edge", and Boss Xu is not alone.
So, what exactly happened to Zhengwei Group?
Zhengwei Group
Before talking about what happened to Zhengwei Group, I believe it is necessary to introduce this name that is unfamiliar to many people.
Although you may have never heard of Zhengwei Group, it is a veritable "giant" enterprise, and has been a Fortune 500 company for 11 consecutive years.
The boss Wang Wenyin is known as the "World Copper King" because the company claims to have copper reserves worth 1 billion.
In 2022, Zhengwei also beat Huawei, Tencent and other well-known enterprises, becoming one of the top private enterprises in the country and a huge business empire.
And the most surprising thing is that it is the legendary entrepreneurial history of the boss Wang Wenyin:
Wang Wenyin claimed to be a student of the Department of Astronomy of Nanjing University, and after graduation, he was assigned to a state-owned enterprise and became an ordinary employee, but he was not willing to be lonely, so he chose to resign and go to Shenzhen to follow the wave of reform and opening up.
Of course, this is not easy, at the beginning, Wang Wenyin even worked as a warehouse manager, and the future seemed bleak, but he never gave up.
In the end, relying on his own persistence, Wang Wenyin was successfully favored by a boss, got a high-paying job, and his quality of life was qualitatively changed.
But Wang Wenyin was not satisfied, but had the idea of starting his own business and continued to struggle for it.
After working for a few years, Wang Wenyin chose to resign and took out all his savings to open a metal material company called Xiewei, which was later known as Zhengwei.
Relying on his own vision and brain, Wang Wenyin made a lot of money, but this did not make the company bigger and stronger, but an opportunity came quietly.
In 1997, the financial turmoil swept the world, countless enterprises went bankrupt and closed down, and they sold all kinds of machinery and equipment at low prices, while the bold Wang Wenyin began to "reverse operation" and acquired a lot of equipment at a very low price.
This wave of operations directly allowed Wang Wenyin's company to complete a leap, and its assets directly exceeded 1 billion in 1999.
Later, during the SARS crisis and the 08 financial crisis, the bold Wang Wenyin bought many mines at a low price again, and became the leader in the global copper mining field, thus establishing a business empire.
From a warehouse manager to the owner of a Fortune 500 company, Wang Wenyin's experience is legendary.
But it is worth mentioning that most of the above legendary experiences come from Wang Wenyin's own words or media publicity, which cannot be verified.
At that time, Zhengwei Group also made many contributions to the country and society: for example, when it first entered the top 500 in China in 2008, it donated a water cube with an area of 320 square meters and many other materials to the country.
Later, he joined the poverty alleviation program, helped many poor areas, and also established a charitable organization called "Zhengwei Volunteer Home", which organized and participated in many charitable activities.
Therefore, people did not choose to delve into it, but just lamented that a good company and a good company appeared.
And Wang Wenyin also relies on his good reputation and public trust to constantly boast that his company has more than 30 million tons of copper reserves, worth more than 10 trillion yuan, and one person accounts for more than 4% of the world.
Relying on this kind of publicity, more and more people choose to invest in Zhengwei, so that Zhengwei will develop faster and faster.
The relationship between Wang Wenyin and Xu Jiayin is also very close, after Xu Jiayin moved the Evergrande headquarters to Shenzhen, the first time was to visit Wang Wenyin, and Wang Wenyin also funded Xu Jiayin 5 billion without blinking an eye in 2017.
But such a top rich man with legendary experience and generous shots is quietly collapsing...
counterfeit
At first, some people questioned Wang Wenyin's academic fraud, because his name was not available in the astronomy major of Nanjing University, to which Wang Wenyin did not reply.
However, the impact of this incident is not great, and the real impact is that his copper reserves are suspected of falsification:
At the beginning, an Internet big V posted an article about Wang Wenyin, saying that Zhengwei's 30 million copper ore reserves are fake, because it stands to reason that Wang Wenyin has so many mines, so it must be an industry with many famous copper mines in the world.
But the strange thing is that whether it is a foreign or domestic mine, there is no Zhengwei name at all.
In this regard, Zhengwei quickly defended, saying that due to legal and environmental regulatory reasons, mineral resources were not placed under the company's name, and there were many anti-China forces overseas to sabotage, so foreign mines were hidden.
But this statement is obviously untenable, after all, what Wang Wenyin and Zhengwei often talked about before was their own copper reserves, which were extremely high-profile, and there was no appearance to cover up at all.
After that, Zhengwei quickly deleted the relevant defense content, which is tantamount to not confessing to himself, which shows that Zhengwei has a ghost in his heart.
Since then, some people have questioned the fraud of Zhengwei's annual revenue of 700 billion yuan, and it is likely to use transactions between subsidiaries to go to the bank for loans, so as to disguise the turnover.
However, since Zhengwei is not a listed company, the financial report is not public, so as long as you pretend to be dead and do not respond, others will not change it.
But with the complaint of China Construction Eighth Bureau to bring Zhengwei Group to court, everything can no longer be hidden.
The reason why China Construction Eighth Bureau will sue Zhengwei is because Zhengwei owes 100 million yuan and does not pay it back, which can't help but make people feel strange, to say that 100 million is indeed an astronomical amount for ordinary people or small businesses, and it is not normal.
But for Zhengwei, this should be very easy, and besides, don't you have so many copper reserves?
And the Eighth Bureau of China Construction is just the beginning, after such as Guiyang Bank and others like Zhengwei issued lawsuits, and finally Wang Wenyin was restricted from high consumption, and even Zhengwei's assets were frozen.
At this time, everyone realized that the so-called 10 trillion assets of Zhengwei Group were all fake, the 30 million copper mine reserves were fake, and the annual marketing volume of 700 billion was also fake.
The entire Fortune 500 companies are all fake! This truth can't help but make everyone feel creepy.
According to the survey, the real net profit of the 700 billion marketing amount that Zhengwei Group often talks about is only 100 million! The so-called 30 million copper ore reserves are not at all, all of them are imported back when needed, so that employees can pretend to produce.
And those industrial park projects worth tens of billions of yuan are just tools used by Zhengwei to take mortgages and even defraud government subsidies, and most of them are still in a mess, without any traces of construction, and they are obviously as unfinished as Evergrande.
It can be said that Zhengwei and Evergrande's methods are exactly the same, that is, by undertaking projects to acquire land at a low price and then defrauding subsidies with loans, but the means are more clever and they are discovered later than Evergrande.
If you use eight words to describe Zhengwei, one of the world's top 500 companies, it is "life is like a play, all depends on acting skills".
Although Zhengwei Group has not responded to the question, and it is impossible to determine whether all this is true or false, it is not clear that Zhengwei Group does not know whether it has any problems until January 2024, when it has frozen 1 billion assets by the court and has not repaid the arrears.
Once such a large enterprise is identified as a "castle in the sky", it will undoubtedly be a huge blow to the investors who came to visit it before, and the glory brought by Zhengwei's former false propaganda will also collapse in an instant, and it will not be able to continue to maintain.
This incident also tells us that the integrity of market enterprises has become a big problem, first Xu Jiayin and then Wang Wenyin, their fraud has destroyed the order of the entire market, but also harmed the interests of countless people.
Only when everyone works together to improve the market supervision system and establish a healthy, fair and transparent business environment can the market develop better and show more vitality and potential.
At present, many investors are still nervously waiting for Zhengwei to collapse or come back to life, but unfortunately Wang Wenyin has not only resigned from many companies recently, but also rarely appears in public, not knowing what he is planning.
So, let's wait and see if Wang Wenyin will poke out a big basket like his good brother Xu Jiayin.