Rebirth of science and technology to rejuvenate the country

Yuan Xia explained her point of view while answering questions from the leaders of the Ministry of Commerce. The atmosphere of the discussion between the two parties was very harmonious.

When talking about the end, a leader who looks younger but is in the middle said in a relaxed tone: "I have read the blog posted by Mr. Yuan, and you seem to have the willingness to acquire Xugong Machinery. Why didn't you hear your mention today? ?”

Yuan Xia smiled wryly, and said: "That's actually a gimmick to attract topics. In fact, Xingyuan has never participated in the first round of bidding for Xugong Machinery. As the leader of domestic construction machinery companies, Xugong Machinery has always been our Xingyuan The goal of catching up can be said to be our opponent. I hope this opponent will always exist, so that it can spur us to make continuous progress. The reason why I proposed in the article that I am willing to increase the price to acquire Xugong Machinery is because I am worried that Xugong Machinery will fall into foreign capital. Using this method to attract everyone's attention and attention, the overall value of Xugong Machinery is definitely not only worth two or three billion yuan. In time, it will exceed ten billion or even hundreds of billions, so no matter what, it cannot be sold at such a low price. foreign investment."

The leader nodded, then turned his head, looked at each other with colleagues on the left and right, and asked, "Do you have any other questions?"

Everyone shook their heads and said no, the leader said: "Let's talk about this today, thank you, Mr. Yuan, for answering our questions, and thank you very much for your participation!" After he finished speaking, he stood up and extended his hand to Yuan Xia.

Yuan Xia stood up and stretched out his hand: "Thank you all the leaders for taking the time to listen to my statement. I hope that the Ministry of Commerce's acquisition of Xugong Machinery will be carefully considered. After all, it is related to the interests of the country."

"We will!" Several leaders shook hands with Yuan Xia one by one before leaving.

This conversation lasted nearly three hours. Yuan Xia came out of the conference room, looked at the bright sunshine outside, and let out a long breath, feeling that the cloud above his head had dissipated a lot.

Cui Pingsheng called Yuan Xia and asked him how the situation was. Yuan Xia said, "I feel that there is something going on. The leader attaches great importance to this matter."

Cui Pingsheng breathed a sigh of relief: "That's good."

The next day, the Ministry of Commerce organized a consulting meeting for representatives of construction machinery companies. The Ministry of Commerce attended this meeting with two leaders whom Yuan Xia met yesterday.

After everyone was seated, a leader of the Ministry of Commerce said: "Thank you for taking time out of your busy schedule to attend this consultation meeting. I am the director of the Investment Promotion Bureau of the Ministry of Commerce. My surname is Gong. I think everyone knows today The topic is about the acquisition of Xugong Machinery and Case Fund. This is a relatively casual forum, please speak freely and express your views on this acquisition.”

The business representatives present at the meeting were silent.

Director Gong smiled: "Does everyone have no ideas? Where's Mr. Yuan from Xingyuan Machinery?"

Yuan Xia laughed: "My opinion is believed to be clear to everyone. I am against this acquisition. I want to hear the views of other colleagues."

The venue was silent, and Cui Pingsheng saw that everyone continued to be silent, so he said: "Then let me express my opinion. I object to Xugong Machinery being acquired by Case Fund. It is too cheap!"

The boss of a diesel engine factory said: "I think that the acquisition of Xugong Machinery is a normal case of corporate restructuring. Their procedures are reasonable and legal. As for the price, it was reached after repeated discussions between the two parties. We outsiders have no right to buy it." to interfere with their cooperation."

This is the spare parts supplier of Xu Gong Machinery.

As soon as his words fell, Xu Gong Machinery's raw material and accessory suppliers all supported the proposal, expressing their approval of the acquisition.

Other construction machinery companies remained silent, neither opposing nor agreeing.

Yuan Xia knew that this was the same situation as before, but fortunately there was Xing Yue who was on the same side as him this time, he said: "Since this is the case, I can only reiterate that I oppose Xu Gong Machinery being Kai The reasons for the acquisition. Some leaders and bosses may have read my article and know some of it, while others may not have noticed it.”

Yuan Xia opened the document he brought and said: "I oppose the acquisition of Xugong Machinery and Case Fund for five reasons: First, I think that Xugong Machinery sells state-owned assets at a low price. As the largest construction machinery brand in China, It is only worth more than 20 billion yuan! They only counted the tangible assets that can be seen with the eyes, but ignored the brand value, technical patents, and tens of thousands of skilled workers accumulated by Xugong Machinery for decades. Intangible assets such as. You Although the annual output value of my Xingyuan Machinery is only 40 billion, I will not sell it if I invest 100 billion, because its growth potential is far beyond 100 billion. The potential of Xugong Machinery will only be greater than that of Xingyuan.”

Yuan Xia paused and said, "The second reason for my objection is that I think Xugong Machinery's data is falsified. According to their public data, its annual sales in 2003 were 32 billion, an increase of 83.4 billion compared with the previous year. %, it dropped slightly in 04, and it was still 28.8 billion. In 05, the sales volume of the entire industry fell, and Xugong Machinery was 21 billion. I doubt this data, because the growth rate of the entire industry in 04 was about 30%. Our company 04 The annual turnover growth rate is 28.2%, while the decline rate of Xugong Machinery is 10%. Note that it is a decline rate. In 05, the decline rate of the industry was 5%, the decline rate of Xingyuan was 4.8%, and the decline rate of Xugong Machinery was 26%. There are colleagues Would you like to provide your company's turnover data for the past two years?"

Cui Pingsheng said: "Our Xingyue Machinery's increase in 2004 was 31%, and it fell back in 05, which was 4.2% lower than the previous year."

Yuan Xia asked: "Are there any colleagues who are willing to provide me with data evidence?"

No one answered him, because who would have thought that Yuan Xia would let them prepare the data.

Yuan Xia said: "I know that you may not be prepared, but I still collected some data. Shantui's increase in 04 was 25%, and the decrease in 05 was 6.2%; Liugong's increase in 04 was 22.8%, and the decrease in 05 was 5.3%. There are more data, I will not list them one by one. The data of most companies are similar to the overall trend of the industry. Only the data of Xugong Machinery, which is the leader in the industry, is quite different from everyone. So I have reasons It is suspected that the data they released was falsified in order to lower the company’s valuation.”

Some people refuted him: "Everyone is promoted, only they are degraded. Doesn't this just mean that Xu Gong Machinery has encountered difficulties, so it needs to attract capital for restructuring?"

Yuan Xia glanced at him, he was also Xu Gong's supplier, and said, "Maybe what you said is reasonable, but the suspicious point I want to say is here. The financial company that provides the restructuring plan for Xu Gong Machinery is a virtual company. , it is only registered in the Industrial and Commercial Bureau, but the address is false, the phone number is empty, and there is no such person here. According to the interview, no one can prove that this company has appeared in the registration place. Why Xugong Machinery For a company of this scale, can't it find a normal financial company to collect statistics and issue a financial plan?

"The third point is that the annual turnover of Xucheng Heavy Industry Group is more than 200 billion. It has many problems, including heavy debts, personnel placement, and possible extravagance and waste, but these are not enough to shake Xucheng Heavy Industry's Basically, it is still a company with normal operations and good prospects. It is not at the end of the mountain, nor is it on the verge of bankruptcy. There is no need to decide the fate of Xugong Machinery in such a hurry.

"However, Xugong Machinery is eager to sell to Case. No matter how you look at it, it seems that the company's existing management is trying to facilitate this. As we all know, when the company is restructured, the management will get a certain amount of shares, which is reasonable. .But if you sell it at a low price for your own selfishness, who will lose? In short, it will not be these people who make the decision.

"The fourth point, the reason I object is that Case is a US-funded company, and it bought 85% of the shares of Xugong Machinery in one go. This is equivalent to the controlling stake in the hands of Case, Xugong Machinery Many restrictions were added during the negotiation to try to keep the management rights of Xugong Machinery. Do you think this is possible? Isn’t it more like a placebo? The controlling stake is in the hands of Case, and you want to acquire the company’s Isn’t it easy to manage the right? Shantui present should have a better say.”

Shantui and Komatsu established a joint venture Komatsu Shantui back then. The original controlling party of this branch was Shantui, but now Komatsu is the controlling shareholder, and the decision-makers of the company have also become Japanese.

The boss of Shantui was named, and many people looked at him. He smiled awkwardly: "I'm really ashamed!"

"The fifth point, which is also extremely important, is that once Xugong Machinery cooperates with Case Machinery, it will change the pattern and destiny of the entire construction machinery industry in China. Our country has preferential tax policies for joint ventures. The colleagues present, May I ask how many of you can compare with Xugong Machinery in terms of quality, technology, and popularity? What is even more frightening now is that their prices may be set lower than yours in the future. I just want to ask, what will you compare with Xugong Machinery? Machinery to compete in the market? What is the fate waiting for everyone, I don’t think I need to say more.”

When Yuan Xia said this, all the business executives present gathered together and began to discuss in a low voice.

Seeing this situation, Yuan Xia said: "I came out to oppose this matter. Many people think that I am competing maliciously and deliberately delaying Xugong Machinery. I said that they only saw the immediate benefits and did not see the further benefits. The far future. When China just started reforming and opening up, do you remember how much an imported excavator cost? I still remember that in 1988, the price of a 12-ton imported second-hand Komatsu excavator was 35, which was said to be second-hand. I don't know how many hands have been dumped. It is the Chinese people who tighten their belts and save foreign exchange in exchange. The technology is in the hands of others, and scrap iron can be sold for the price of gold.

"Now we can almost independently research and develop, the price of construction machinery has also dropped, and the construction cost of the country has also dropped, so that people's living standards can be improved faster. With the current life, I don't want to let Others will control the pricing power of China's construction machinery.

"I admit that I have a certain selfishness in doing all this, but it is not for the entire construction machinery industry in China. I hope that our Chinese construction machinery brands can flourish and everyone can have a healthier development environment. I am not I oppose the transfer of shares of Xugong Machinery, I just oppose its transfer to foreign-funded enterprises, I believe that they can continue to develop and grow by cooperating with domestic assets. Xingyuan still has the courage to accept the challenge and competition with Xugong Machinery!"

After Yuan Xia finished speaking, everyone fell into deep thought. Looking back on the past, they remembered that they had encountered such a period of humiliation and helplessness.