The personnel changes of Foshan Lighting, known as cash cows, have attracted the outside world's interpretation of the company's prospects. So how will Foshan Lighting develop this year? Zhong Xincai said that we will increase by more than 15% in 2009 compared with 2008. This is the news that was released yesterday afternoon from the Chuncheng Symposium of Foreign-invested Enterprises held by the Chancheng District Government.
At the end of last year, when Zhong Xincai, who was known as the godfather, regained the lighting of Foshan, there was analysis from the outside world. He was influenced by the financial crisis, and he was known for his style, and his management was very strong. Zhong Xincai, who was also in place in terms of details, was re-accepted by Foshan Lighting. The importance of the major shareholder Osram. Especially after Zhong Xincai faded out at the end of 2005, Foshan Lighting's performance was unsatisfactory, and there was a loss in the first quarter of last year.
So what does Zhong Xincai think about the financial crisis? At yesterday’s symposium, Zhong Xincai said that the financial crisis is a good thing for enterprises. Foshan Lighting has its own funds, so you can increase the investment in plant and equipment at this time because Now it is the lowest investment cost and ready for future development. At the same time, he believes that the impact of the financial tsunami on exporting enterprises is to select a number of small enterprises that do not meet the specifications, and promote the enterprises that have brands and have funds in the market.
However, he also said that enterprises should not be taken lightly for the financial crisis, and they should be adjusted at any time. For Foshan Lighting's development goals this year, he said that in 2009, it could increase by more than 15% compared with 2008. Regarding the expectations of enterprises in the financial crisis, Zhong Xincai believes that Guangdong should learn from Zhejiang and Jiangsu to understand the needs of enterprises.
background:
Zhong Xincai, who worked in Foshan Lighting in 1964, was the director of the workshop in 1979, the chief of production, technology, deputy director and director; in 1985, he served as manager of the company; in 1992, he served as chairman, general manager and party secretary of the company. When he resigned as general manager at the end of 2005, he still retained the position of chairman. Under his leadership, Foshan Lighting has an excellent performance and enjoys the reputation of China Light King. Foshan Lighting ranked first in Foshan's tax payment for four years from 1999 to 2006. In particular, Foshan Lighting has always insisted on paying dividends to return investors, which is called cash cows in the industry.
Zhong Xincai: The current situation is favorable for Foshan Lighting (Figure)
Foshan Lighting Year of the Ox stocks rose rapidly (Figure)
Zhong Xincai's re-mastering of the seal is expected to light up Foshan lighting?
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