中鋼換帥 驚醒央企擴張夢（In the wake of central enterprises Huanshuai expansion dream）

1、中鋼換帥 驚醒央企擴張夢（In the wake of central enterprises Huanshuai expansion dream）In May 16th, Huang Tianwen, general manager of China Steel Group, was removed from office. This can be interpreted from the overall situation of Chinas state-owned enterprises reform. In the local governments welcome, the cent

2、ral enterprises without boundary expansion has become the theme of 2011, but from the regulators, Li Rongrong abdicated, China SASAC has adjusted the goal of the reorganization of central enterprises. Sinosteel is outwardly strong but inwardly weak accountability, showing the quality and efficiency

3、of restructuring will become the first index of 12th Five-Year period of performance evaluation, which will give the steel group of peers to bring some inspiration.Newspaper reporter Zhai Ruimin from BeijingFrom the central enterprises to star universally condemned, 56 year old Huang Tianwen was for

4、ced to leave the steel group, the heart have regrets?Announced in May 16th from the SASAC Deputy Secretary Huang astronomical Steel Group General Manager and party office before Huang Tianwen, after seven years of fighting, to the steel group is more than 180 billion yuan annual income of mega group

5、 is among the worlds top 500 enterprises, performance than his December 2003 as Sinosteel president jumped nearly 15 times. However, he also left countless serious problems, only with small steel mills cooperation led to 8 billion 800 million yuan of funds occupied sequelae, has made the steel group

6、 badly battered.With the arrival of a dismissal order with a certain accountability, there are doubts about the steel model. Under the leadership of Huang Tianwen, the steel group, which started with hodgepodge, has been groping for the establishment of a chain of iron and steel service development

7、model of the whole industry, and has been an example of the reform and reorganization of SASACs central enterprises. Today, this model is suffering from distrust in the steel industry.Yellow astronomical removal or permission from the overall situation of Chinas state-owned enterprises reform to be

8、interpreted. In the local governments welcome, the central enterprises without boundary expansion has become the theme of 2011, but from the regulators, SASAC director Li Rongrong abdicated, Chinese SASAC has adjusted the goal of the reorganization of central enterprises. Sinosteel is outwardly stro

9、ng but inwardly weak accountability, showing the quality and efficiency of restructuring will become the first index of 12th Five-Year period of performance evaluation, which will give the steel group of peers to bring some inspiration.Abrupt change2007-2009 days after the announcement of Huang Huan

10、gs dismissal by the China Steel Corporation, the National Audit Office notified the audit results of the annual financial revenue and expenditure of the group and its subordinate units in May 20th, four days after the announcement. The results show that China Steel Group has serious problems in fina

11、ncial management, investment management, operation and internal management.The news has convinced the outside world about Huang Tianwens suspicion of being questioned. However, Sinosteel spokesman, steel shares Board Secretary Li Kejie still adhere to the previously caliber times weekly in an interv

12、iew: the deputy director of Jinyang SASAC has certainly made Sinosteel reform over the past few years the development achievements in his speech, the personnel change is due to the need of work. Li Kejie said that the outside guess is not true.The 56 year old Huang astronomical belongs to vice minis

13、terial level cadres, not to the retirement age of red line, and the parties in accordance with the statement, China Steel Group Management in early May 13th has been aware of this result, but three days later held a meeting of leading cadres of middle-level personnel changes announced.According to p

14、ublic information, Huang Tianwen in August 1978 and graduated from Shanghai Maritime University in July 1986, received a masters degree in American Seton Holzer University, a former Chinese Minmetals transportation department deputy director and director, general manager of China Minmetals internati

15、onal freight forwarding company, assistant to the president, vice president of Minmetals Group Chinese. In December 2003, Huang Tianwen became president of China Steel Group, and became chairman of the company after the establishment of Sinosteel in 2008. As for his successor, 53 year old Jia Baojun

16、, public data showed that he was airborne from WISCO to Sinosteel in March 2010. Since 2006, Jia Baojun is the vice president of Wuhan Iron and Steel Group, mainly responsible for purchasing and sales work.According to the news of the China Steel Group website, after the personnel change, the main a

17、ctivities of China Steel Group are special research, deployment, audit and rectification work,There is no information to show that the steel group will have new changes or adjustments. Times weekly in an inquiry, Li Kejie said the personnel changes will not affect the development of the steel group,

18、 China Steel Group is currently the most important thing is to use the strategy of 12th Five-Year plan to grow their own.And the first task of Sinosteel in recent one or two years - the overall listing, since last year through the EIA of the Ministry of environmental protection, the matter seems to

19、have gone down. In January 2011, President of the China Steel Group Huang Tianwen was optimistic that China Steel Group plans to submit an initial public offering in March (IPO) application, the issue of A shares, and is expected to complete all the necessary formalities for examination and approval

20、 before June.As a listing, Li Kejie to time weekly said, the overall market is still in preparation, but there is no timetable, senior personnel changes with the overall listing is the nature of the two things, the total position is SASAC according to the work need to make decisions, the overall mar

21、ket is according to company development situation. It has no effect.From JOYOUAccording to media reports, after the appointment and dismissal of personnel, Huang Tianwen in the only response to the reporter asked, he said that he was not removed because of problems, but the need for work, to carry o

22、ut post exchanges. Although Sinosteel and Huang Tianwen are trying to deny the accountability meaning of the removal order, but the outside world on Huang Tianwens ruling Steel Group during the accumulation of issues are still frequently heated debate.External analysis of the main reason for its dis

23、missal is that the steel group failed to control risks in the process of expansion for many years, resulting in ineffective internal control and financial confusion. An expert on China Steel Group for many years to die Zeit said in early 2008 he exchanges with China Steel Group had pointed out that

24、the group financial risk control, and it was obvious that China Steel Group executives also noticed this problem and response experts doubt smile into each others eyes. However, Huang Tianwen was finally planted on the internal risk control.The first reason for this experts attention is the trade be

25、tween Sinosteel and Shanxi JOYOU Steel Co., Ltd. (referred to as Shanxi JOYOU). In the third year, the rapid expansion of the steel group in 2007, the two companies signed a strategic cooperation agreement, five years according to the agreement, China will through its subsidiary steel underwriting f

26、ive years of Shanxi JOYOU products. However, Shanxi JOYOU has always been poor management, in 2010 August, the National Audit Office found that the steel group has been occupied by Shanxi JOYOU nearly 4 billion yuan of funds.But this is not the only project in the expansion of Sinosteel miscalculati

27、on on the journey. In cooperation with Handan in the vertical and horizontal steel, China Steel Group also adopted a similar mode of cooperation, and advanced a huge amount of money. Statistics show that the new steel project of Cangzhou Huanghua Port Development Zone started in 2007, with a total i

28、nvestment of 16 billion yuan, of which the important projects were undertaken by Sinosteel group. And Shanxi JOYOU, horizontal steel and other small and medium-sized steel enterprises cooperation, and ultimately make the steel groups 8 billion 807 million yuan of funds difficult to get away.China St

29、eel Groups overseas investment in mineral resources in the past also encountered difficulties, the typical is completed in September 2008 to the Australian Midwest Corp (Midwest Corporation) acquisition. After more than ten months, China Steel Group successfully put 98.52% of the others equity into

30、the bag at the price of 1 billion 300 million U. S. dollars. In the case of Chinas iron ore supply in a huge predicament, this case known as the first overseas hostile takeover case of Chinese enterprises has been praised by all circles of the country. Subsequently, according to media reports, the a

31、cquisition in 2009 losses of 92 million 810 thousand yuan, steel group has not yet fully realized the original goal of planning.According to the report issued by the National Audit Office in May 20th, in addition to 8 billion 807 million yuan of funds occupied by partners, there are still many other

32、 problems in Sinosteel group. Among them, the highlights are: Steel Group affiliated company virtual sales revenue 1 billion 982 million yuan;Sinosteel International Holding Co (referred to as Sinosteel International Holdings) regulates the profits of related companies by commission in the form of c

33、ommission, and pays 5 million 944 thousand yuan for the purchase of the tail money of the professional company instead of the professional company (217 million yuan).China Steel Group has not yet made a statement on how to solve the issue of funds raised by the national audit office. Li Kejie said,

34、Shanxi JOYOUs problem, the steel group has already had a public response. In 2009, in the case of unable to recover the funds in advance, the steel group had to change the equity debt, and entrusted Tang Shanguo Feng Trading Co., Ltd. for trusteeship. Since then, Sinosteel has been looking for a hom

35、e for JOYOU in Shanxi.Recently, it has been reported that the seat of Shanxi JOYOU government said, Sinosteel and TISCO on the reorganization of Shanxi JOYOU negotiations nearing completion, a month will be the result. But the Propaganda Department told the Taiyuan times weekly inquiries said, could

36、 not confirm the authenticity of this message, the Taiyuan Iron and steel enterprises in restructuring matters no new progress, we have been in the deployment of the provincial government in advance.China Steel modelHuang astronomy, as from Sinosteel president to now suddenly been removed, can be de

37、scribed as China model, also China Steel model.Sinosteel was selected as the state-owned enterprises SASAC 10 typical positive reports in 2008, and obtain the official media centralized, at the same time, the development strategy of the steel group was named as China model, the peoples University of

38、 Chinese business school also conducted a special research. In 2010, the Chinese Academy of Social Sciences published a survey of China Steel Group Corporation, which was named as Sinosteel model.According to Huang Tianwen, China model is to comprehensive, system integration as the main features of

39、China Steel Group by virtue of their grasp of upstream and downstream resources to provide a full range of iron and steel enterprises in the whole industry chain service model. Specific to the cooperation with Shanxi JOYOU, is the upstream of the steel group to provide iron ore, downstream responsib

40、le for its product sales, steel enterprises only responsible for production. And to cooperate with the vertical and horizontal steel, Sinosteel group even equipment manufacturing, construction and other work also undertake one by one, and advanced a lot of money.Huang Tianwen once said in an intervi

41、ew, Sinosteel explored and summed up the China model not only at home is the one and only in the world, it is hard to find, China steel group without a steel, does not produce a ton of steel, iron and steel industry as a whole but our service, all from the mills without such steel enterprise.With su

42、ch a development model, China Steel Group has indeed made explosive development in the past seven years. In 2003, only 13 billion yuan in revenue, China Steel Group, revenue has reached 186 billion yuan in 2010.However, the outside world has never been calm, questioned the development mode of China

43、Steel group. An anonymous industry senior experts on the weekly times stressed that he has been on the steel mode doubt, Sinosteel is bigger, is because these years to enjoy the government for state-owned enterprises policy advantages, also catch up with the development of steel industry during the

44、boom period.The anonymous expert said that the exploration of the steel group should be encouraged, but very low in iron and steel industry Chinese the profitability of the industry, growth has started to slow down, the major steel enterprises also have their own subsidiaries in the upstream raw mat

45、erials and downstream sales, Sinosteel get in outsourcing cases can only find small steel enterprises cooperation, which is also an important reason for it bogged down, so that the steel mode will not be successful.However, in 2008, in-depth study of steel model of Renmin University of China busines

46、s school, Professor Song Hua believes that Huang Tianwen is accountable does not represent the failure of steel model. Song Hua said that in a certain period of time, Chinas steel industry has not been able to complete its own industrial integration, which provides a development space for the steel

47、group such enterprises, so the steel model has the possibility of success. The direction of strategic development is correct,But the steel group in the process of implementation of the risk control is not in place, there is a problem.Sinosteel Corporation was founded in 1993, from the merger of four

48、 companies formed in the past 20 years of the development process, China Steel Group has the merger and reorganization of 7 industry leading enterprises, 108 companies, and then turn off the more than 40 and the chain does not match the subsidiary, and the establishment of mineral resources developm

49、ent and sales the network in 21 countries and regions. In such a large and complex restructuring process, may be both helpless and inspiration burst, Huang Tianwen in the process of integration and reorganization gradually summed up the strategic direction of the development of the steel group and s

50、trong promotion.In the past the impression that Sinosteel is a major iron ore trade as the main business of the company, but in fact, Sinosteel has formed five major industrial mining, carbon, refractory, iron alloy, equipment manufacturing. According to Huang Tianwen previously disclosed figures, o

51、ccupy the import market Sinosteel year four or five million tons of iron ore imports in the share of iron ore reached 5%-6%.However, the anonymous experts pointed out that it is every year tens of millions of tons of iron ore trade has become the main source of income of China Steel group. This hodg

52、epodge type of assembly group, although revenue has risen year by year, but the profit rate has not been high, the last two years, people can only see the steel group released business income, but no profit rate figures. Professor Song Hua pointed out that the steel model formation process is formed

53、 in the steel group through the reorganization of independent companies in the process of digestion, the natural cost is relatively large.Pain of recombinationIn the late period of Huang Tianwens tenure, the thinking of steel model was obvious. According to Song Hua, Sinosteel has set up a risk mana

54、gement department two years ago, in order to rationalize the internal risk management system at different levels. In 2010, China Steel Group also formally listed new energy, new materials, high-end equipment and environmental protection as the strategic emerging industries of the group, and strive t

55、o get rid of the pure reliance on the steel industry.Song Hua also believes that, although Huang Tianwen was removed, but the steel group should not deny steel model. From the regulatory level, it is clear that SASAC is also strengthening the restructuring of the central enterprises in the process o

56、f risk control concerns.Beginning in 2011, the outside world noticed that the boundary free and non main industry docking expansion of the central enterprises has become a trend sweeping all over the country. This is a new round of enclosure movement after the dispute of the state enters the country

57、 and the people retreat in the last two years, which is the joint promotion of the local government and the central enterprises.From the end of last year, Guizhou, Gansu, Guangdong, Shanxi, Anhui and other provinces have the use of 12th Five-Year at the beginning of the year and strive to seize the

58、opportunity, in cooperation with the central enterprises development opportunities, have signed the agreement, to attract capital. The central enterprises or state-owned enterprises nationwide spree not only make the state-owned capital did not shrink the front, but extends to almost a full range of

59、 fields of national economy to oil exploration and development of natural gas exploitation, down to the shoes and clothing production and sales. According to the research of Zhang Wenkui, deputy director of the Institute of enterprise development research center of the State Council, 396 national economic sectors, the state-owned econom