Foxconn, a former migrant worker, today is worth 2.3 billion

Li Precision yesterday a A-share listing, the first day of the 39.99 Yuan Wang Laichun Precision Chairman of the company listed in the celebration of the reception. Zhang Wanji, Shenzhen business newspaper reporter Xu Ming days intern Guiwei Shenzhen migrant sister again write entrepreneurial legend.　　Yesterday, Shenzhen lixin Precision Industrial Co., Ltd. 35.04 million shares listed on the Shenzhen Stock Exchange, closed to 39.99 Yuan, Li Precision chairman, general manager Wang Laichun personal wealth has reached 2.3 billion. Solomon Spring, in 1988, became the first batch of Foxconn workers in the mainland, working in Foxconn for 10 years, to achieve the highest level of Chinese employees at the time.　　1999 the establishment of their own Shenzhen precision. Wang Laichun brother and sister indirect shareholding 115.92 million the precise prospectus and the listing announcement indicate that Shenzhen Lixin Precision Industry Co., Ltd. was formerly a precision Industrial (Shenzhen) Co.　　Lixin Co., Ltd. was established in May 24, 2004, February 26, 2009 as a whole to change into a joint-stock company. Hong Kong, the company held a new issue after the issuance of 66.7% of the shares, for the company's controlling shareholders, Solomon Sheng and Wang Laichun brothers and sisters each holding Hong Kong 50% of the equity, is the company's actual control. Among them, Solomon Spring indirect holding precision 57.96 million shares, Solomon wins indirect holding precision 57.96 million shares.　　With yesterday's precision close to the precise closing price of 39.99 yuan per share calculation, Wang Laichun personal wealth has reached 2.3 billion yuan, sibling two net worth of 4.64 billion yuan. The company has a co-creation precision and the association of Electronic two holding subsidiaries. Since 2007, the company has gradually made sophisticated business from MP3, U disk and other digital electronic products into the production of connector products.　　Communication electronics is mainly to expand capacity to meet the rapid increase in order needs. Wang Laichun is 43 years old and is currently the Chairman and general manager of the Shenzhen Graduate School EMBA in Tsinghua University. In 1999, Wang Laichun and Solomon jointly purchased a Hong Kong equity stake; In 2004, the company set up a Communication Co. Ltd. through the Hong Kong legislature and acted as chairman.　　Solomon is 46 years old and is currently vice-chairman of the company, acting as chairman of the electronic co-director and co-creation Precision chairman. Foxconn was the first batch of migrant sister in October 1988, Foxconn in Shenzhen Xixiang collapsed at the foot of the establishment of marine electronic connectors factory, from Guangdong Chenghai, Chaozhou, Fengshun and other place recruited the first batch of 150 employees.　　The 21-year-old Wang Laichun from Chenghai to Foxconn's marine plant and became an operator. At that time the Marine factory not only bad environment, poor living conditions, management is still very strict, a lot of people can not stand to leave. Wang Laichun persisted, then rose to the top of the Chinese staff at the time.　　In 1999, Wang Laichun left Foxconn to start his own business.　　Foxconn is the company's biggest customer Wang Laichun entrepreneurship has been strongly supported by Foxconn. Li-Precision Prospectus "market development and customer growth process" project introduced: "The actual control of the company Wang Laichun wins, since 2001 began to undertake international orders and commissioned by the Hong Kong national Information processing production, the production of connectors producedProducts through Foxconn's processing and assembly applications in many international well-known brands of 3C electronic products, thus accumulating a wealth of management experience and customer resources. From this can be seen from the Wang Laichun, Foxconn is a sophisticated customer.　　The precise prospectus shows that from 2007 to 2009, the company's revenue to sell products to Foxconn accounted for 47.73%, 56.46%, 45.38%, respectively, the company's first major customers.　　In addition, 2009, the precision of the pan-hung Hai Wei precision sales of 70.08 million yuan, accounting for the company's annual sales of 11.99%. On the strategic layout, the precision of the legislation is aimed at the personal service of Fuji Kang.　　Kunshan, the subsidiary company and Penglai, respectively, Foxconn in Kunshan, Jiangsu and Yantai Business in Shandong Personal services. September 2009, gang electronic investment of 40 million yuan, the admission of precision 4 million shares, to 3.08% of the equity, become the third largest shareholder precision. Gang electronic holding shareholder is Wei Wei Precision, its actual control person is Gou brother Guo Tai Strong. The move is also seen as the support of the Kwok Brothers ' precision listing.　　Gang subscribe to the precise price of 10 yuan/share, the price is not cheap, is basically the normal PE industry prices, but also as the Guo Brothers mainland industrial strategic layout needs.　　The successful reference to the Fuji Kang mode of the main products for precision connectors, mainly used in computers, communications, consumer electronics, automotive and communications and other fields. Wang Laichun about the experience of Foxconn's 10 jobs, said: "The presence of cadres in the work style, the way of working with the words and deeds and advanced business philosophy has a great impact on me." My own company from the newly built more than 100 people, developed to today's nearly million people, although the period experienced many setbacks, but I insist on the use of Foxconn learned a management model to operate, the fact that it is correct. "In the Office of precision, there is also a" go into the laboratory, no High-tech, only the implementation of discipline, "" The error is not terrible, terrible is a repeat the same mistake, "such as Foxconn president Terry Gou's quotations. Wang Laichun said, "Guo President's language although simple, but contains profound connotation." I often explain Guo's famous words to the staff, so that employees feel the Foxconn culture. ”