129765260869687500_5Chen Wuhan iron pig: do donkeys make money all to support a donkey
To come to Beijing to attend the "two sessions" of the Wuhan iron and steel group (hereinafter referred to as WISCO) General Manager Deng Qilin, "pig of WISCO" questioned both distress and anger, "the media misunderstood what I meant, $ 39 billion to pigs, a little with the brain know that illogical, media hype swine had a very adverse impact to us! "" Two sessions, "the eve of WISCOWuhan held a news conference to announce that "Twelve-Five" during the development of mineral resources development plans to invest $ 39 billion overseas high-tech, coal chemical industry, steel processing, international trade, industry, logistics, industrial gas industry, iron and steel industry, logistics services and comprehensive utilization of non-related to the steel industry, to increase the income of non-steel industry to Group revenue of 30%. Among them,Deng Qilin said, in terms of logistics services, green industry this year in WISCO, prepared to build a pig farm.
Since then, the "pig of WISCO" became a hot topic, attracted controversy. CPPCC Chairman Li Xiaolin, Linda international investment group questioned the pig of WISCO "just be sure to", "in accordance with the ideas of WISCO, buses and small profits to produce wagons? There areCorporate good and doing well, boot, good height, pig. "Speaking on the development of Wuhan iron pigs and other non-steel industry, China Aviation oil said former President Chen, make money pigs, pigs, donkeys to make money in the future, is going to have to keep a donkey? This is what Enterprise core competitiveness? Enterprises in China, world class brands to be able to do in China�� Economists lang Deng Qilin and openly challenge: "I would like to ask Deng Zong, all you have to do, in which private enterprise can't do? Your $ 39 billion, not the country by 4 trillion investment do for you? You have spare cash invasion of private enterprise sites. Why you can't take such a huge funds into high-tech, leading the industry to upgrade, strengthen the overall competitiveness of NationsInstead of competing with the people? "In fact, increasing non-steel in WISCO industrial investment, reflected by the pain of not just iron and steel enterprises in transition, but also for the entire national economy how to torture to overcome the economic cycle. Enterprise Development Research Center of the State Council Deputy Director Zhang w k that "Wuhan iron pigs should be wary of State reform caused by, because, on State-owned enterprises as a whole, it's just tough situationBegin.
"Restoration of the secondary industry? "Made in WISCO, yesterday is basically a lot of State-owned enterprises have done things" in Wuhan steel's listed in list of a bunch of non-steel industry, a significant portion of the business of WISCO's original core business. Deng Qilin admits, pig-breeding, gardening, doing logistics including boxed meal service, originally was to serve the steel industry and auxiliary industry, now no non-steel industry in WISCO-Core business, renamed "industry". This is not new in WISCO.
The 90 's of the last century, in some State-owned enterprises as the main industry decline, large-scale entry of non-core business areas, bringing enterprise burden heavier, is the direct consequence of main industry and auxiliary industry separation difficult. Not only a WISCO, since the beginning of 2010 earnings hard in the industry, Hebei steel, Baosteel
tera gold, ansteel, Shougang, Shandong iron and steel group and other leading domestic steel enterprises, expanding its non-steel industry on the basis of the original core business investments.
Minor business strengthening, development of non-steel industry, China's iron and steel industry in the industry at the bottom of the life-saving straw. For this, the most excellent steel at Baosteel Group Chairman Mr Xu said, at present steel and non-steel industry and enterprise development it is a last resort, although non-steel industry in BaosteelSo income is far less than the steel industry, but very high profit margins, profit contribution rate of 50% for 2011. Steelmakers have dabbled in non-steel industry, Zhang w k, but history repeats itself, "made by WISCO, did things yesterday is basically a lot of State-owned enterprises, major business losses when, grab a bunch of core business development, core business, such as bad, anxious rushBusy stripping, facts have proved that split the auxiliary industry is very difficult, that repeatedly make to enterprises collapse sooner or later.
"Diversification is a strategy or a cover? Large-scale investment in iron and steel enterprises of upstream resources such as iron ore, is an overkill of the current chain is another familiar scene, speeding up the development of WISCO for which non-steel industry "by the industry, to a strong,Appropriate pluralization change "strategy of connotation. Diversity, each single when the economic downturn seems to be the collective choice.
Single of the year 39 of set is the uncontrolled expansion of diversification down now, sanjiu group blind diversity brings a lesson, Li Rongrong, SASAC Director before is still vivid case studies in the classroom in Tsinghua University. The markets seem to be reminiscent of WISCO Chunlan air conditioning.Late 90 's of the last century, occupying most of the market share of Chunlan air conditioning scenery infinite, and can't wait to reach into other fields, motorcycle, washing machines, refrigerators, compressor for automobile chassis and projects have been launched, trying to build a massive "Chunlan Empire".
Today, the mainstream camp has gone in the air conditioning industry in China Chunlan foothold. However, new singleRound and the blind compared to diversification of the 90 's of the last century, has been down.
Deng Qilin also emphasized that diversification of WISCO, is "in the iron and steel industry while doing fine, strong, moderately diversified development related industries", "the foundations of dependent industries would not jump out of the iron and steel industry". But a single steel's former General Manager, told reporters that even non-steel industryDo not jump out of the foundation of the iron and steel industry, it is difficult to mass industrialization, steel group is the best example. Mr Xu said domestic steel enterprises focus should not be on the non-steel industry. Even iron ores iron and steel enterprises to invest overseas
tera gold, Mr Xu agreed that the domestic large-scale iron and steel enterprise investment, such as iron ore resources in the upper reaches, and some are still holding, which is the current industry chainKind of overkill, or even disobey laws of economic development practices, "expertise is of steel-making iron and steel enterprises. "Li warned single defence and single investment of the non-core business:" stop looking around, just dry your bank, industrial, for money and reliable. "Non-steel industry of Wuhan steel's plans to invest, according to strict control of non-core business investments in recent years.State-owned assets supervision over and over again pressing the single back to main, and clean up non-business investment, is blind the painful lessons of decisions made on the basis of the diversity.
But in practice, according to remain single investment and administrative autonomy of non-core business to coordination problems. Particularly stressed the $ 39 billion in WISCO is "Twelve-Five" non-steel industry investment amount for the period, butThe entire "Eleven-Five" period, is also a period of rapid development of iron and steel industry capacity and profit, total earnings of less than $ 39 billion in WISCO, is $ 27.4 billion. WISCO "Twelve-Five" 39 billion yuan investment development during non-steel industry, belonging to the non-core business investment areas.
But non-core business investments in recent years have been according to control one of the main measures of the single risk. As early as 2006 July, SASAC has introduced interim measures for the supervision and administration of the central enterprise investment, offering to guide enterprises to invest to the main set, control of non-core business investments, improving the core competitive ability of enterprises, the detailed rules for the implementation of the method, SASAC explicitly single proportion of non-core business investment in total investment control in 10% (now adjusted to "control below the 20%")And investment funds in General as a proportion of total investment of 30% more than in June 2007, the Commission once again issued the circular on further regulating the central enterprise investment management, single blind investment and non-investment laws and regulations the major business investment constraints. In 2010, according to 78 single release "housing counsel out", when Li Rongrong, SASAC Director of policeCome to a single "not looking around." "Honestly do your bank, industrial, for money and reliable.
"Li Rongrong said. In addition to the above requirements, in accordance with Commission regulations, single non-core business investments, to research investment is also in line with the State's industrial policy and enterprise development strategy planning, over asset-liability ratio cordon investments, funding arrangements using reasonable fitnessWhen the and so on.
Non-steel industry for WISCO's investment, according to reply to a reporter, according to Regulation single had principle "no project", but single non-core business, must indicate to the Commission investment reasons, if reasonable investment direction, SASAC will be granted. "Wuhan steel's project is not making money, what are the risks, we will not interfere, depend on enterprisesDecision making, our general direction.
"The Commission said.
According to this newspaper reporter has learned that the end of 2010 proposed increasing non-steel in WISCO industrial investment, and its "Twelve-Five" important strategic transformation plan, the transition was by leave of the Commission. But Zhang w k believes that as the mainstay of the economy, diversification of single border is too vague or evenReflect the special position and value of single.
"The reform of State-owned enterprises under pain" to avoid the dilemma into a new round of State-owned enterprises, must be in the "Twelve-Five" single during the implementation of joint-stock system reform of Zhang w k think WISCO pig released a new round of State-owned economy recession signals. In fact, since the beginning of 2011, results showed a significant drop in single, many CentralEnterprises also have cut in profit targets for 2012.
According to the information released by the State-owned assets supervision, 2011 single operating income, net income of the two main business indexes and then hit a historical high, but growth fell and 11.3% per cent. Which, in addition to the business class single aerospace, metallurgical, petrochemical, power and other State-owned economy of pillar industryAre facing economic difficulties.
SASAC, Deputy Director of the State Council last year, Huang Shu, and head of business performance evaluation of Central enterprises to be held by the end of meeting reminder, central enterprise to fully understand the severity of the current situation and the urgency to step up preparations for crossing difficulties from 3 years to 5 years, over the winter preparations. Zhang w k, WISCO swine vigilance, State-owned enterprises to avoid depressionIn a new round of trouble, you must "Twelve-Five" during a single implement shareholding system reform, "without reform, WISCO's pig does not have a way out
tera power leveling, changed around the reform of State-owned enterprises, and will return to the original point. "Zhang w k thinks," ' Twelve-Five ' the reform of State-owned enterprises, there should be a clear direction. Should be this way: the large State-owned enterprises, the parent company of the Group focus on reformObjects, except in a few special industries and State-owned parent company of those devoted to the holding of State-owned shares of platform companies, parent company to boost corporate governance mechanisms based on the ownership structure diversified commercial. In this regard, one insider told reporters of the reform of State-owned assets supervision Bureau, at present, the Commission is studying the single parent company equity diversified reform.
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