One wrong move and you lose everything! This time, Kong Linghui really failed!
The fierce battle of the 2017 World Table Tennis Championships in Dusseldorf, Germany is in full swing. Unfortunately, the Chinese women’s table tennis coach Kong Linghui became the first “out”. According to reports, a casino in Singapore sued Kong Linghui for arrears of huge amounts of gambling money. Kong Linghui issued an urgent announcement, saying that his relatives and friends were entertaining in the casino, and he was watching from the side, “while helping them get chips and leaving relevant private information.” The Chinese Table Tennis Association immediately suspended Kong Linghui from his position as the head coach of the women’s table tennis team and ordered him to return to China immediately for investigation. The State Sports General Administration made it clear that it deeply apologizes for the negative social impact caused by this matter and will deal with Kong Linghui seriously in accordance with disciplines and regulations.
At a critical moment when China’s women’s table tennis team competes in the World Table Tennis Championships, head coach Kong Linghui was revealed to have defaulted on gambling money and became a defendant. This news had a huge impact on Kong Linghui. This time, Kong Linghui really fell into trouble!
However, ten years ago, we actually gave Kong Linghui a chance! On July 21, 2006, Kong Linghui caused a traffic accident while driving an unlicensed Porsche sports car while drunk in Beijing. He was sentenced to administrative detention (drunk driving was not a criminal offense at the time), his driver’s license was deducted for half a year, and he was fined 1,800 yuan. At that time, the Table Tennis and Badminton Center of the State Sports General Administration came forward to guarantee that Kong Linghui applied to end his administrative detention penalty early on the grounds that Kong Linghui needed to train and compete, and the traffic control department approved the application. That time, the Table Tennis and Badminton Center of the General Administration of Sports and the traffic control department gave Kong Linghui enough “face.” However, this time he once again made the stupid mistake of “watching” relatives and friends gamble in a foreign casino. I believe that such an opportunity will be rare again.
Ten years ago, the Table Tennis and Badminton Center of the General Administration of Sport and the Traffic Management Department gave Kong Linghui a chance. Thinking of the textile industry, China’s GDP growth rate was 6.9% in the first quarter of 2017, which was unexpectedly impressive. However, in terms of textile consumption, it continued to downturn. Every step in terms of capital, environmental protection, and raw materials is at risk, and the resulting wave of bankruptcies of textile companies is still common. The editor boldly hypothesizes that if the company is given a buffer opportunity, might it survive? !
Zhejiang’s private enterprise giants have no way to recover from a wrong step, and the losses incurred by paying for the failure of transformation are too great!
Zhuangji Group is an important benchmark private enterprise in Wenzhou, with an annual output value of nearly 3 billion yuan in 2011. However, this giant is now falling – on April 15, news came from the Wenzhou Intermediate People’s Court: Zhuangji’s six companies, including Zhuangji Clothing and Zhuangji Shipbuilding, have entered bankruptcy and reorganization. This means that Zhuang Ji has given up on saving himself and is unable to save himself. Zheng Yuanzhong, the boss of Zhuangji Group, is a well-known figure in Zhejiang. He was once one of the “Eight Kings of Wenzhou” and was awarded the title of “Fengyun Zhejiang Businessman”. The advertising slogan of Zhuangji Suits, “A solemn suit, auspicious life” was once well-known to every household.
How did the former star entrepreneurs and star companies reach what they are today? Upon closer inspection, Zheng Yuanzhong and Zhuang Ji only made one wrong step.
However, 2007 was the peak year of Zhuangji Group. Since then, the group’s profits have been decreasing at a rate of 10 million yuan every year. Zheng Yuanzhong has a strong sense of crisis. In order to increase the company’s profits, Zhuangji Group launched a diversification strategy as early as 2003, and has successively set foot in real estate, mining, logistics, hydropower and wind power generation and other fields. At one time, it had more than 10 subsidiaries. In 2007, Zhuangji Shipbuilding Industry started shipbuilding. However, with the arrival of the global financial crisis in 2008, the shipbuilding industry entered a cold winter. However, Zhuangji did not reduce capital investment and had invested 1 billion yuan by 2010. During this period, Zhuang Ji received many orders, the largest being an order for two 82,000-ton bulk carriers from the Hong Kong Barago Group. Zhuangji Shipbuilding pledged this order to the bank in exchange for a loan and advanced funds for shipbuilding. However, just as it was about to be completed, Hong Kong’s Barago Group proposed to abandon ship due to operating difficulties. Shipowners abandoning ships, banks withdrawing loans, and mutual insurance companies have a crisis of trust. The three factors are superimposed, and Zhuangji Group went bankrupt after the crisis.
Some people may say that Zhuang Ji brought the blame on himself, blindly expanded and developed side businesses. Indeed, after a company fails to invest, it is often said that blind investment leads to bankruptcy. Once a company succeeds in investment, it is touted as a demonstration case of transformation and upgrading. Nowadays, the textile industry has experienced overcapacity for many years and was once considered a sunset industry. The diversification of textile entrepreneurs may be a last resort. Enterprise transformation and upgrading requires a large amount of capital investment, which affects the sustainable development of enterprises. As a private textile enterprise, transformation financing costs are high, capital investment is insufficient, and investment is large. Enterprises rely on their own funds for innovation, and it is often difficult for enterprises to withstand the huge financial pressure and the risk of R&D failure. Funds are the lifeline of small and medium-sized enterprises. Due to their small scale and low liquidity, enterprises often fall into bankruptcy and bankruptcy due to their inability to repay loans. Some enterprises still have interest due to their good foundation. If the court directly carries out bankruptcy liquidation, it means that the enterprise is declared ” die”. In the end, it can only be “reincarnated” by transformation and upgrading.
Former starThe giant private enterprise has made one wrong step and there is no way to recover! And if Hong Kong’s Barago Group hadn’t proposed abandoning ship, and if the bank hadn’t taken out loans and the court had gone bankrupt and liquidated, giving Zhuangji a buffer opportunity, maybe it would still be alive and well now.
The behavior of corporate pollutants has risen to the level of illegal crime. This blow comes too fast and too hard!
The Environmental Protection Law was officially implemented on January 1, 2015, which also proves that the country attaches great importance to the issue of environmental pollution. After the G20 Summit, the country’s work on the prevention and control of air pollution and water pollution has further accelerated, and various provincial-level cities Policies have been introduced one after another to strictly control pollution. Among them, the textile printing and dyeing industry has inevitably become the focus of rectification and governance by local governments, and the behavior of corporate pollution has been raised to the level of illegal crimes, which shows the severity of the policy.
What impressed everyone was that in the early days of last year’s G20, all steel sheds for chemical fiber, textile or printing and dyeing companies in Shaoxing were demolished! In 2017, one of the spearheads of environmental protection in Jiangsu and Zhejiang was aimed at water-jet looms. Jiaxing, Keqiao and other places have introduced standard measures to eliminate water-jet looms and proposed clear elimination standards. Some people in the industry said that the other end of tens of thousands of water-jet looms is connected to the farmers who provided the driving force for economic development. After being eliminated, what will the small business owners with no skills do? Such a one-size-fits-all approach is really inappropriate!
Some people may ask, knowing that this day would come, why not set up sewage facilities early? However, they do not know that a sewage treatment system is expensive, which further reduces profit margins. Perhaps companies that have installed sewage systems earlier have fallen behind. .
Of course, environmental protection is indeed a major matter and is closely related to people’s health. However, enterprise reform requires more government-enterprise linkage and more support and guidance from the government. When it comes to environmental protection, the government should be more scientific and rigorous, forward-looking, and environmentally friendly. Standards must also be applied equally, and local protections must be eliminated, rather than blind closures and rectifications. If these companies are given a buffer opportunity, they may be able to rely on the good market conditions this year to survive this difficult period.
The following news is also a widely circulated joke in recent years, and many colleagues in the textile industry have seen it:
We did not kill people or set fire to them;
He also contributed his own strength to the rise of the motherland,
In my heart, I still hope that the development of the enterprise will meet the needs of the country.
We have realized what our problem is,
We will change,
But please give us time!
As mentioned above, “We have realized the problem and we will change it, but please give us time!” In 2017, it will not be easy to follow the textile path, but please believe that if you stick to your original intention, winter is coming, but spring will be far away. ? The future will eventually belong to every dedicated textile person.
If we give our textile companies a buffering opportunity, they may be able to survive! Give our textile companies a chance to become stronger, and maybe we can represent Made in China in the global competition!
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