Yao, the biggest "coal boss" in Shanxi, has also become the richest man in Shanxi. 39 years ago, he started hauling coal at a price of 6.5438+0.6 million yuan. By 2065.438+092 billion yuan, his annual coal business income reached 65.438+092 billion yuan. However, in 2065.438+09, although he was still the richest man in Shanxi, his value was reduced by10 billion yuan due to coal.
The Yao family and his son started with a loan of 1.6 million yuan and embarked on the road of getting rich by coal.
Yao, male, 1953, from Qingxu, Shaanxi. He is the eldest of six children. His father, Yao Juhuo, has been a famous local artist since he was young, but even if he has all the skills, it is impossible for a large family to live a good life on a fixed salary.
198 1 year, in order to improve the family's economic situation as soon as possible, Yao Liangjun started a business with his 50-year-old father. What business does he do? Shanxi people are "relying on mountains to eat mountains". Their father and son borrowed 654.38+600,000 yuan from the credit union and bought two old cars for transporting coal.
In just one year, the father and son not only paid off the loan, but also earned thousands of dollars. After tasting the sweetness of making quick money in business, Yao Yu 1984 borrowed money to cooperate with others to open a coal processing plant.
When they first started their business, they also experienced a desperate situation, but they all survived. After more than a year, the coal processing plant began to make a profit. The coke they produce is not only sold all over the province, but also sold to Hebei, and the market is in short supply.
After several years of hard work, Yao and his son not only opened up the sales channels of coke, but also established the first private coke railway station in Shanxi Province. After that, their coal business grew bigger and bigger, and they became well-known Shanxi businessmen.
Be good at seizing opportunities and become the richest man in Shanxi.
In the 1990s, the spring breeze of reform once again encouraged the Yao family and his son to expand their coal business by leaps and bounds. 1992, they established qingquanhu coal preparation plant with an annual output of 300,000 tons, and bought four special trains, at the same time expanding the scale of coal production and transportation. In 2000, Meijin Energy Group was established, with seven members of the Yao family as shareholders. Yao is the largest shareholder and actual controller of Meijin Group.
Soon after the group was established, it caught up with the golden age of the coal industry. Since 2002, domestic coal prices have continued to rise, which makes Shanxi coal bosses smile and their pockets are more bulging. The Yao family is also accompanied by this strong momentum, and their wealth has risen rapidly all the way.
In 2006, Meijin Energy was listed on the backdoor, with Meijin Group accounting for 70% of the shares, and the Yao family became the "richest man in Shanxi" with a net worth of 4 billion. After that, Meijin Group made great progress and became a large-scale group enterprise with coal resources, coking and coal chemical industry as its main business.
Policy changes and coal enterprises are teetering in the storm.
After experiencing the golden period of the coal industry, Shanxi coal bosses will face an industry crisis. The large-scale development of coal also means serious pollution to the environment. In order to maintain sustained, healthy and stable economic development, the state has opened the curtain of rectification of the coal industry. In 2009, Shanxi Province issued a coal-related policy, requiring the whole province to control the number of mines within 1500 before the end of 20 10.
Faced with the big environment, these past "coal bosses" also ushered in the day when huge profits receded. Of course, Meijin Group is also deeply involved. In 2009, the company's operating income was only half that of the previous year, and the net profit of its listed company Meijin Energy also showed negative growth.
Fortunately, Yao Jiaping handled the relationship with all walks of life quite well. In this case, they seek cooperation with state-owned enterprises, and the two sides set up a joint venture company to solve the urgent need. Although Meijin Group achieved profit on 20 10, the cooperation with state-owned enterprises is only a stopgap measure, which cannot solve the fundamental problem of enterprise development. In the following years, the operating income of Meijin Group was still in a state of loss.
In 20 17, the proportion of equity pledge of listed companies held by Meijin Group has reached 98.08%, and this problem has not been solved so far. By 20 19, the wealth of the Yao family had shrunk by 1800 million yuan compared with 20 18. Yao Liangjun faces a serious financial problem.
It has been pointed out that Yao's financial crisis has a long history, which is not only caused by the overall predicament of the coal industry in the cold winter, but also inextricably linked with providing guarantees for Haixin Group. It is said that the Yao family has a good personal relationship with the Li family. In 20 13, Meijin Group provided bank guarantee for Haixin Group. Later, Haixin Group went bankrupt and its account was frozen. Yao helped repay the bank debt. The court also made a ruling on this matter. At this time, Yao, who was deeply involved in the debt storm, had no money to repay his debts, and was almost included in the list of untrustworthy people by the court and became a well-known Lao Lai in the country.
Yao, as the head of Meijin Group, is really generous to personal friendship. From 20 12 to 20 15, Meijin Group's own economic benefits were not very good, and it was basically in a state of loss, and listed companies had no profit to make up for it. At this time, paying off more than one billion debts for other enterprises can only make the situation worse.
Face the big situation and actively seek industrial transformation.
In recent years, the continuous decline of the coal industry is a great blow to the development of Meijin Group. However, environmental protection is the general trend of economic development. If the coal industry remains unchanged, there is no way out. Regarding the future direction of Meijin Group, Yao is a shrewd businessman who has fought many battles. It is estimated that he has made up his mind where to seek a breakthrough, and they are also actively seeking the road of industrial transformation.
In 20 17, my son Yao Jinlong put forward the suggestion of developing new energy vehicles. Their coking plant will produce a lot of hydrogen in the process of smelting coke. If these hydrogen gases are used as fuel for new energy vehicles, it will be a good way for enterprises to transform under the background of promoting new fuel vehicles around the world.
65438+ In February of the same year, Meijin Group acquired part of the equity of Foshan Feichi Automobile.
In 20 18, we began to explore the transformation of the hydrogen concept car. The development of Meijin Group in new fields has also caused the share price of Meijin Energy to soar, and the share price quadrupled that year. Meijin Group has become the second largest private enterprise in Shanxi Province with an operating income of 654.38+092 billion yuan.
The development of new fields cannot be achieved overnight. Although the new energy vehicle is a sunrise industry, its development has a process, and there are still many ways to go in the future. The financial difficulties faced by Meijin Group cannot be solved in a short time. In the past year alone, Meijin Energy's share price once fell. In 20 19, although Yao is still the richest man, his wealth has shrunk10 billion pounds.
The situation of earning1000 billion yuan from coal may be gone forever, but it is not for individuals or enterprises to decide. Facing the overall national economic environment, coal enterprises are facing the same problems and difficulties. Yao has begun to explore and practice the road of new industries, hoping that Meijin Group will have a brand-new future, and we look forward to its successful transformation.