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+0.92 billion yuan, his coal annual operating income reached 65.438+0.92 billion yuan. However, in 2065.438+09, although he was still the richest man in Shanxi, his worth was reduced by10 billion yuan because of coal.
Yao and his son started with a loan of 1.6 million yuan and embarked on the road of getting rich by coal.
Yao, a native of Qingxu, Shanxi, 1953. He is the eldest of six children. His father, Yao Juhuo, was a famous local artist since he was a child, but even if he has a skill, it is impossible for a large family to live a good life with a fixed salary.
198 1 year, in order to improve the family's economic situation as soon as possible, Yao 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 1.6 million yuan from the credit union and bought two old cars to transport coal.
In just one year, the father and son not only paid off the loan, but also earned thousands of dollars. Having tasted the sweetness of making quick money in business, 1984, Yao took out a loan and started a coal processing plant in cooperation with others.
When they first started their business, they also experienced desperation, 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 1990s, the spring breeze of reform encouraged Yao Jia and his son to expand their coal business. 1992, they established qingquanhu coal preparation plant with an annual output of 300,000 tons, bought four special trains, and expanded 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 has made Shanxi coal bosses smile and their pockets more bulging. The Yao family is also accompanied by this strong momentum, and its wealth has risen rapidly.
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 has made great progress and become 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 the industry crisis. The large-scale development of coal also means serious pollution to the environment. In order to maintain the sustained, healthy and stable development of the economy, 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.
In the face of the big environment, these former "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 its listed company Meijin Energy's net profit also showed negative growth.
Fortunately, Yao Jiaping handled the relationship with all walks of life very well. In this case, they seek cooperation with state-owned enterprises, and the two sides set up joint ventures to solve their urgent needs. Although Meijin Group makes a profit of 20 10, the cooperation with state-owned enterprises is only a stopgap measure and cannot solve the fundamental problem of enterprise development. In the next few years, the operating income of Meijin Group is 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, Yao family fortune will be11800 million yuan less than in 20 18. The financial problem facing Yao is quite serious.
It has been pointed out that Yao's financial crisis has a long history, which is not only caused by the overall difficulties 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 and the Li family have a good personal relationship. On 20 13, Meijin Group provided bank guarantee for Haixin Group. Later, Haixin Group went bankrupt and its account was frozen. Yao helped to 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 pay off 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.
As the head of Meijin Group, Yao is really generous to his 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 the vacancy. At this time, paying off billions of debts for other enterprises can only make the situation worse.
Facing the big situation, 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. 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.
Yao Jinlong, son of 20 17, proposed the development of 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.
20 18 began to explore the transformation of the hydrogen concept car. The development of Meijin Group in new fields has also made Meijin Energy's share price soar, quadrupling 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 was still the richest man, his wealth shrank10 billion.
The situation of earning10 billion 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.