On the evening of May 15, the "construction machinery" giant Sany Group announced that Liang Wengen would no longer serve as the chairman of Sany Group due to his age, and Sany Group would implement a rotating chairman system.

On the evening of February 28, 67-year-old founder Liang Wengen proposed the third entrepreneurial goal: Sany Group will reach a trillion-dollar market value. And decided to make and issue a batch of "trillion market value commemorative coupons". The incentive note on the commemorative coupons Haomai wrote: When the total market value of Sany's listed companies reaches 1 trillion yuan, as long as employees are still working in Sany, they can get a one-time bonus of 1 million yuan with the original "trillion market value commemorative coupons.

Photo source: Daily Economic News Photo by Liu Guomei

Liang Wengen no longer serves as chairman of Sany Group

on the evening of may 15, trinity group officials announced that Liang wengen no longer holds the post of chairman of trinity group due to his age, is no longer responsible for the daily operation and scheduling of the group, no longer takes shifts, and no longer participates in foreign affairs activities. Liang Wengen will continue to serve as the chairman of the group's supervisory board for some time to come, and as the group's general counsel, he will provide guidance for the group's development strategy, direction and key capacity building.

In order to meet the needs of the company's management, the board of directors decided to implement the rotating chairman system. Tang Xiuguo and Xiang Wenbo, directors of the Group, serve as the rotating chairman of the Group for a six-month rotating term of office.

According to the official website of Sany Group, Mr. Liang Wengen is the main founder of Sany Group. He has won honors such as "National Model Worker", "National Outstanding Private Entrepreneur", "Outstanding Builder of Socialism with Chinese Characteristics", "CCTV China Economic Person of the Year", "Best Boss of Forbes China Listed Companies" and "Forbes China New Manufacturing Pioneer.

on may 13, 2021, Sany heavy industry was listed in the Forbes list of the top 2000 global enterprises, ranking 468th, ranking among the top 500 global enterprises for the first time. is the first construction machinery enterprise in China and the second in the world in the list.

once proposed: if the market value is trillions, each person will be awarded 1 million yuan

on the evening of February 28, on the eve of the 37th "trinity section" of trinity group, 67-year-old founder Liang wengen put forward the third entrepreneurial goal: trinity group should reach a trillion-dollar market value. trinity decided to produce and issue a batch of "trillion market value commemorative coupons" to encourage employees to participate in last year's national day DAMA centralized learning activities and to choose employees who believe in the future of the enterprise.

according to trinity group's official micro-signal on April 3, recently, 575 beautifully crafted "trillion market value commemorative coupons" were uniformly distributed to trinity employees by the human resources headquarters. In the future, when Trinity achieves a trillion-dollar market value, this commemorative coupon can be exchanged for a 1 million yuan bonus .

photo source: trinity group official micro signal

At this year's Trinity Festival commendation meeting, Liang Wengen, chairman of Sany Group, showed this "trillion-dollar market value commemorative coupon" for the first time, which attracted attention from all walks of life.

photo source: trinity group official micro signal

the incentive note on the commemorative coupon haomai wrote: when the total market value of Sany's listed companies reaches 1 trillion yuan, as long as employees are still working in Sany, they can get a one-time bonus of 1 million yuan with the original "trillion market value commemorative coupon.

at present, these 575 "trillion market value commemorative coupons" have all been issued. When the trillion-dollar target is achieved, Sany will spend more than 0.5 billion yuan to cash in the bonus .

According to the Securities Times, the staff of the Securities Department of Sany Heavy Industry introduced to the media that the trillion market value refers to all listed companies under the group. The person stressed that "this is actually more of an internal incentive, is not a commitment to investors or the market ".

Public information shows that Sany Group was founded in 1989, formerly known as Lianyuan Maotang Welding Material Factory. Its business involves concrete machinery, mining machinery, lifting machinery, road construction machinery, piling machinery, wind power equipment, and ports. Machinery, petroleum equipment, coal equipment, etc.

at present, it already has three listed companies, namely Sany heavy industry (SH600031, stock price 16.12 yuan, market value 136.8 billion yuan), coal mining equipment supplier Sany international (HK00631, stock price 11.28 hong kong dollars, market value 35.82 billion hong kong dollars, about 31.77 billion yuan), and Sany heavy energy (SH688349, stock price 36.5 yuan, market value 43.42 billion yuan), which provides wind power solutions.

at present, the total market value of the three listed companies is about 211.99 billion yuan, which is still four times more than the trillion market value.

Judging from the latest annual report disclosed by Sany Heavy Industry, at least the group's overall sales of 300 billion yuan still has a lot of room for effort. In 2022, when the industry is down, the company will achieve operating income of 80.018 billion yuan, down 24% year-on-year; net profit of about 4.273 billion yuan, down 64% year-on-year, and Sany Heavy Industry expects the company's revenue to grow by more than 10% in 2023.

daily economic news comprehensive securities times, trinity group official micro signal, public information