From a poor carpenter to a billionaire textile tycoon, Chen Zongli's story of wealth creation has become a legend in Changle City, Fujian Province. Starting from 1,300 yuan, how did he step on the road to get rich? Sofa Upholstery,Upholstery Fabric,Sofa Fabric Material,Sofa Upholstery Fabric Tongxiang Luchang Textile CO.,LTD , https://www.luchangtextile.com
With 1300 yuan, the city sells cloth and recalls the business of the year. Chen Zongli said that his wife is the one he should be most grateful for. In the early 1980s, the "grassroots industry" rose, and the Changle Jinfeng people who dared to fight hard out went out to do business. Looking at a lot of people around the company to do business, doing business, Chen Zongli's heart is also "itch". What if I don't have the money? The tailor's wife gnawed her teeth and sold a necklace of dowry. Taking advantage of the 1,300 yuan that the necklace was sold, the couple embarked on a difficult road to entrepreneurship.
At that time, the fabrics on the market were selling well. They introduced the Fuzhou Socks Factory through the introduction of relatives and friends. In the morning, they sold two bundles of cloth from the factory. In the afternoon, they used bicycles to smash the bridge at the liberation bridge. Gradually, from the two bundles of cloth to the two car cloths... Later, they found an empty playground, spread all kinds of cloth on the ground, selected the hawkers, and made the business all over the country, in Guangdong, Liaoning and other places opened a cloth store. After doing this for a few years, the couple gradually accumulated some money and began to have the idea of ​​setting up factories to produce fabrics.
In 1988, an accidental opportunity, Chen Zongli heard that the Shouning Silk Factory, which had lost money for years, wanted to contract out. He resolutely left his hometown, came to Shouning, leased the silk factory, used the original equipment, employees to produce silk products, and then sold through his own channels, and quickly got a good return.
In the year of the Chinese stock market, Chen Zongli joined the "strike stock market" with a keen instinct. He became a "shareholder" for nearly a decade and did not withdraw from the stock market until 2001. He earned at least 20 million yuan from the stock. He still remembers the situation in which he queued to buy Fulian stock.
In the stock market, Chen Zongli invested in business. He rented and contracted state-owned textile enterprises and equipment, and used the advantages of state-owned enterprises to produce textile products, and then sold them through their own channels. Chen Zongli, who found the profit space, was out of control. In 1992, he also contracted Shaowu Silk Factory and Yongan Industry and Trade Company. There were 132 imported cloth machines and more than 400 domestic cloth machines. They were sold in Zhejiang Keqiao and Chengdu Dianchi. A line from silk to polyester has almost been done.
At the beginning of 2002, he heard his wife say “go home†and Chen Zongli, who has been wandering for 14 years, returned to his hometown. He has deep feelings in his hometown and he hopes to move his career back. Some friends told him that it would take 10 days and a half to complete a small procedure in Changle, which made him hesitate.
In April 2002, Chen Zongli returned to Changle Binhai with several shareholders. The attitude of the city leaders and the investment environment in their hometown completely dispelled Chen Zongli’s concerns. On May 15, 2002, Huayuan Textile Co., Ltd. was registered. On June 26, the plant started construction and production began on November 8. It took less than five months from land acquisition to production.
When the enterprise is up, Chen Zongli thinks about how to become bigger and stronger. Chen Zongli decided to start with technological innovation. He hired nine well-known domestic experts and formed a team of experts to provide technical support for enterprises. In 2003, he teamed up with well-known companies such as Taiwan Lili and Xiamen Xianglu, and introduced advanced technology alliance to develop nano-scale far-infrared yarns and novel moisture-absorbing and wicking natural yarns, setting a precedent for polyester fiber blended functional products. "By the end of this year, Huayuan's production scale will be expanded to 260,000 spindles, breaking into the top 30 of the national textile industry; in 2008, we intend to go public." Chen Zongli said with confidence.
Character brief introduction Chen Zongli, who left Changle in the early 1990s, has invested in Shaowu, Yongan, Shouning and Hunan Changde to establish a textile factory. In May 2002, Changle City Huayuan Textile Co., Ltd. was established in Fujian Province.