Nearly 100 Thousand Employees Of Wei Qiao Group Donated 30 Million To Support The Epidemic Prevention And Control In Wuhan

2019 the epidemic of new coronavirus pneumonia is becoming more and more serious. Local textile and garment enterprises take the lead in joining the ranks of Wuhan.

In January 27th, the world's largest electrolytic aluminum producer, Shandong Wei Qiao Venture Group Co., Ltd. (hereinafter referred to as "Shandong Wei Qiao") officially announced that Wei Qiao Group donated 30 million yuan, of which donated 10 million yuan to the Wuhan Charity Federation, donated 10 million yuan to the Shandong Charity Federation, and donated 10 million yuan to Binzhou Charity Association (5 million of which was targeted for Zouping city), mainly used for the prevention and control of new coronavirus pneumonia, and the reward of medical personnel for participating in the treatment.

Shandong Wei Qiao said it would pay close attention to the development of the epidemic and join forces with all sectors of society to win the new battle against pneumonia.

Public information shows that Wei Qiao group is located at the southern end of Lubei plain. It has 11 production bases, including textile, dyeing and finishing, clothing, home textiles, thermoelectric and other industries in one of the super large enterprises. Since 2012, Wei Qiao group has been selected as the top 500 in the world in six consecutive years. In 2017, the group also ranked thirty-sixth in the top 500 of Chinese enterprises, and third in China's 500 private enterprises, second only to HUAWEI and Suning.

According to public information, the Zhang Shiping family of Wei Qiao group was first established in textile industry. Cotton spinning enterprises are also power users. However, with the increasing scale of Wei Qiao's textile industry, power supply became a major obstacle to the expansion of Wei bridge at the time when domestic power supply was tight. In order not to be subject to electricity, Wei bridge set up its own power plant in 1999, and began its expansion through the cogeneration mode. The self provided power plant not only solves the problem of supply stability, but also makes the electricity cost less than 1/3 of the national grid. Therefore, Wei Qiao's textile industry is more competitive in the industry. After having the power advantage, Zhang Shiping led the Wei Qiao group to enter the same electrolytic aluminum industry with high power consumption.

Fortune began with Wei Qiao group from textile mills to Wei Qiao textile, then to self owned power plants and self built power grids. Wei Qiao group has triggered a major discussion on the power supply system because the average electricity price level is more than 30% lower than that of the national grid. Wei Qiao group also reduced its production cost by running alone, and opened up many new industries such as aluminum, heating, clothing, printing and dyeing.

The actual controller of Wei Qiao group is the Zhang Shiping family. After Zhang Shiping's death, his son Zhang Bo and his daughter Zhang Hongxia are in charge of their aluminum industry and textile industry respectively. Zhang Bo took over as chairman of the board of directors in May 2019. Zhang Bo was deputy general manager of venture group from April 1998 to February 1999. He served as general manager, executive director and chairman of Wei Qiao textile (including its predecessor) from March 1999 to September 2006. He was appointed director of Weihai Wei Qiao Textile Co., Ltd. from July 2001 to May 2010, and chairman and general manager of Binzhou Industrial Park. Zhang Bo joined China Hongqiao Group Co., Ltd. in 2006. He has served as general manager and chairman of Wei Qiao aluminum and electric power company since November 2006, and has accumulated 13 years experience in the aluminum industry. She is very familiar with the aluminum industry and has rich management experience.

At present, Wei Qiao group owns two listed companies in Hongkong, Wei Qiao textile and China Hongqiao.

Weichang textile is the largest textile enterprise in the world with the largest textile ability. It is one of the top 500 Chinese enterprises and one of the 26 largest enterprises in Shandong province. The first textile network reporter learned from the financial report that in 2018, Wei Qiao textile realized business income of 16 billion 456 million yuan, an increase of 0.5% compared to the same period last year, and gross profit of 1 billion 720 million yuan, down 2.9% compared to the same period last year. The company owner should net profit 644 million yuan, an increase of 23.3% last year; in the first half of 2019, Wei Qiao textile business income was 7 billion 780 million yuan, a year-on-year decline of 7.4%. During the reporting period, the production of grey cloth was about 403 million meters, a decrease of about 7.4% compared with the same period last year. The denim output was about 31 million meters, a decrease of about 11.4% compared with the same period last year.

Reporters also learned from the earnings report, as of June 30, 2019, Wei Qiao textile total about 52000 employees, compared with the same period last year, a decrease of about 2000. The reduction of staff is mainly due to the normal flow of personnel within the period. The total cost of staff in the reporting period is about 1 billion 624 million yuan, representing an increase of about 2.8% compared to about 1 billion 580 million yuan in the same period last year, mainly due to the increase of salaries for staff during the reporting period.

China's Hongqiao aluminum production capacity is 6 million 460 thousand tons, and the world's aluminum output ranked first in 2018. According to the financial report, in 2018, China Hongqiao realized a business income of 90 billion 195 million yuan, down 7.91% from the same period last year. In the first half of 2019, the company realized operating income of 41 billion 430 million yuan, a decrease of 6.53% compared to the same period last year. The company's revenue declined because the production and sales of aluminum products fell during the reporting period. The company achieved net profit of 5 billion 407 million yuan in 2018, up 5.41% from the same period last year, and realized net profit of 2 billion 477 million yuan in the first half of 2019, an increase of 37.28% over the same period last year. In the first half of 2019, the net profit of the parent company rose sharply in 2019 because of the loss of 649 million yuan in the same period last year.

During the reporting period, the output of aluminum alloy products reached about 2 million 860 thousand tons, down by about 10.3% compared with the same period last year, mainly due to the influence of the limited production policy in the heating season and the replacement of the original production facilities with more advanced production facilities. The output of aluminum processing products reached about 389 thousand tons, an increase of about 66.9% compared to the same period last year, mainly because the Group actively explored the deep processing market and increased orders.

According to the financial report, as of June 30, 2019, there were 45001 employees in Hongqiao, a decrease of 2583 compared with the beginning of the year. The reduction of staff is mainly caused by the normal flow of employees. During the reporting period, the total cost of employees is about 1 billion 835 million yuan, accounting for about 4.4% of business revenue.

According to the results of the report, the sales volume of China's macro aluminum products reached about 2 million 532 thousand tons, down about 13.9% from about 2 million 942 thousand tons in the same period last year, and the sales volume of aluminum products processed by the group reached about 314 thousand tons, up about 35.3% tons compared with the same period last year, and the sales volume of alumina products reached about 2 million 409 thousand tons, up by about 1 million 823 thousand tons compared with the same period last year, up by about 32.2%. The increase in the sales volume of alumina products is mainly due to the group's grasp of market opportunities and the expansion of the domestic product market in the case of its own alumina reduction.

In addition, China Hongqiao announced in October 16th that, taking into account the rich hydropower and clean energy in Yunnan, Wei Qiao venture group will work with the Yunnan Provincial People's government to build a green aluminum Innovation Industrial Park. Take the path of green and sustainable development, so as to further consolidate and enhance the core competitiveness of the group.

Reporters learned that, in the face of the serious situation of pneumonia caused by the new coronavirus infection, on the morning of January 27th, Zhang Bo, chairman of Wei Qiao group, went to the Beihai Industrial Park, and went deep into the factory workshop, the staff restaurant, the port terminal and the finished product warehouse, and inspected the epidemic prevention and control measures in real time to emphasize the fact. Wei Qiao group set up a new coronavirus to lead the pneumonia epidemic prevention and control work leading group, each department did its duty, and did a good job in the epidemic prevention and control work, so as to ensure the safety of workers and the stable production of enterprises.