Bankruptcy and reorganization of Bohai Steel Group
Bohai Steel Group, one of the world's top 500 enterprises, went bankrupt and reorganized
Four state-owned enterprises set up the iron and steel giant (Bohai Steel Group), but they are independent and neglect management. Now they owe 190 billion yuan and can't afford to pay it back
As we all know, Lei Jun has a set of "tuyere" theory, which points out the direction for many entrepreneurs. For them, it's necessary for entrepreneurship to grasp the tuyere. For enterprises, in the process of development, they also need to control the direction of tuyere in real time, innovate and adjust constantly, so as to make enterprises develop in a good direction.
In today's era of the rise of the Internet, many people have seized the wind and reaped great success. For example, Ma Yun successfully founded Alibaba on the Internet, while Huawei successfully founded Huawei on the rise of technology. With the baptism of the years, these enterprises have grown into industry giants.
However, with the continuous development of the Internet and technology industry, the traditional manufacturing industry has to bear great pressure. Many enterprises are in trouble under the impact of emerging industries, and some traditional enterprises have been facing the edge of being eliminated by the market. For example, Bohai steel, one of the world's top 500 steel giants, was unable to pay off because of a huge debt of 190 billion, and finally fell.
In fact, the steel industry was booming several decades ago, when steel was China's largest export. However, today, although steel is still an indispensable building material in China's construction industry, the past era of national ironmaking has long disappeared.
In 2010, Bohai steel was officially established. In just four years, the group successfully ranked among the top 500 enterprises in the world. It is worth noting that Bohai steel was initially formed by four state-owned enterprises. The purpose of the establishment is to enable China's steel enterprises to achieve strong alliance and strive to make China's steel strength in the leading position in the world.
However, it is the combination of these four state-owned enterprises that has laid a "seed of failure" for the future decline of Bohai steel. Many people think that Bohai steel will become stronger and stronger. However, with the passage of time, the cohesion of the company becomes weaker and weaker. Several partners start to "separate themselves" and the management of the company becomes more and more decentralized.
In addition to the internal problems of the company, the state of oversupply in the steel market also makes the annual output value of Bohai steel lower and lower, and even some problems such as the fracture of the capital chain once occurred. With the rapid rise of Internet technology industry, the steel industry also ushered in a new wave of transformation opportunities, but at this time Bohai steel ignored the innovation and development. Therefore, with the global steel price falling, the problems of Bohai steel began to break out, and finally, it carried a huge debt of 190 billion.
However, Bohai steel had to draw up a bankruptcy reorganization plan. After approval, the group began to enter the stage of reorganization. Bohai Steel's huge debt of 190 billion has also become the largest enterprise restructuring case in China.
In fact, the debt problem of Bohai steel is not caused in a short period of time, which is the cumulative result of the company. In addition, the leaders of the group did not pay attention to the problem after finding it, which exacerbated the debt. No one would have thought that this enterprise, once regarded as the benchmark of the steel industry, now ended up in bankruptcy and reorganization, which is really lamentable.
The situation of Bohai steel is also a microcosm of the steel industry. In such a period of rapid economic development, it is the key for enterprises to keep pace with the times and improve their hard strength.
Four state-owned enterprises set up the iron and steel giant (Bohai Steel Group), but they are independent and neglect management. Now they owe 190 billion yuan and can't afford to pay it back
As we all know, Lei Jun has a set of "tuyere" theory, which points out the direction for many entrepreneurs. For them, it's necessary for entrepreneurship to grasp the tuyere. For enterprises, in the process of development, they also need to control the direction of tuyere in real time, innovate and adjust constantly, so as to make enterprises develop in a good direction.
In today's era of the rise of the Internet, many people have seized the wind and reaped great success. For example, Ma Yun successfully founded Alibaba on the Internet, while Huawei successfully founded Huawei on the rise of technology. With the baptism of the years, these enterprises have grown into industry giants.
However, with the continuous development of the Internet and technology industry, the traditional manufacturing industry has to bear great pressure. Many enterprises are in trouble under the impact of emerging industries, and some traditional enterprises have been facing the edge of being eliminated by the market. For example, Bohai steel, one of the world's top 500 steel giants, was unable to pay off because of a huge debt of 190 billion, and finally fell.
In fact, the steel industry was booming several decades ago, when steel was China's largest export. However, today, although steel is still an indispensable building material in China's construction industry, the past era of national ironmaking has long disappeared.
In 2010, Bohai steel was officially established. In just four years, the group successfully ranked among the top 500 enterprises in the world. It is worth noting that Bohai steel was initially formed by four state-owned enterprises. The purpose of the establishment is to enable China's steel enterprises to achieve strong alliance and strive to make China's steel strength in the leading position in the world.
However, it is the combination of these four state-owned enterprises that has laid a "seed of failure" for the future decline of Bohai steel. Many people think that Bohai steel will become stronger and stronger. However, with the passage of time, the cohesion of the company becomes weaker and weaker. Several partners start to "separate themselves" and the management of the company becomes more and more decentralized.
In addition to the internal problems of the company, the state of oversupply in the steel market also makes the annual output value of Bohai steel lower and lower, and even some problems such as the fracture of the capital chain once occurred. With the rapid rise of Internet technology industry, the steel industry also ushered in a new wave of transformation opportunities, but at this time Bohai steel ignored the innovation and development. Therefore, with the global steel price falling, the problems of Bohai steel began to break out, and finally, it carried a huge debt of 190 billion.
However, Bohai steel had to draw up a bankruptcy reorganization plan. After approval, the group began to enter the stage of reorganization. Bohai Steel's huge debt of 190 billion has also become the largest enterprise restructuring case in China.
In fact, the debt problem of Bohai steel is not caused in a short period of time, which is the cumulative result of the company. In addition, the leaders of the group did not pay attention to the problem after finding it, which exacerbated the debt. No one would have thought that this enterprise, once regarded as the benchmark of the steel industry, now ended up in bankruptcy and reorganization, which is really lamentable.
The situation of Bohai steel is also a microcosm of the steel industry. In such a period of rapid economic development, it is the key for enterprises to keep pace with the times and improve their hard strength.
