Another heiress appears.
This week, lithium giant Tianqi Lithium issued an announcement that Mr. Jiang Weiping applied to resign as chairman of the company. In addition, the board of directors agreed to elect Ms. Jiang Anqi as the company’s chairman and also changed to the company’s legal representative. It is worth mentioning that Jiang Anqi is Jiang Weiping’s daughter.
So far, the latest female second generation has taken over. Similar to the succession path of most second-generation founders, Jiang Anqi has already been training in Tianqi Lithium Industry for several years: born in 1987, MBA from Southwestern University of Finance and Economics, nearly ten years of experience in the lithium industry, from behind the scenes to the stage, taking over the hands of her father's generation The scepter inside.
(from the official website)
Quietly, in the past two years, more and more new generations in China have completed the handover and stepped onto the center stage. After
85, she just became the chairman of the board
A second-generation female took over
The story begins with her father, the "Lithium King" Jiang Weiping.
In 1977, 22-year-old Jiang Weiping was admitted to the agricultural machinery major of Sichuan Agricultural Machinery College (now Xihua University), becoming the first batch of college students after the resumption of the college entrance examination. After graduation, Jiang Weiping entered a machinery factory and became a technician. In 1997, against the background of the recession, he chose to resign and start a business. During the
period, a "Shehong Lithium Salt Plant" was completed and put into operation in Suining City, Sichuan Province where Jiang Weiping was located. However, the company suffered losses for consecutive years and was on the verge of bankruptcy. At that time, "lithium" was very distant and unfamiliar to people, but after studying the periodic table of elements, Jiang Weiping believed that the future of the lithium industry was very promising. So in 2004, Jiang Weiping spent a lot of effort to buy the Shehong County Salt and Lithium Factory and changed its name to Tianqi Lithium Industry.
After going round and round, Tianqi Lithium was listed on the Shenzhen Stock Exchange in 2010, but at this time it was still unknown. Tianqi Lithium's emergence from the industry came from Jiang Weiping's two "gambles". In 2014, Tianqi Lithium acquired Australia's Greenbush Lithium Mine, known as the "crown jewel" of the world's hard lithium mines, for about 3.1 billion yuan, making it a blockbuster. ; In 2018, Tianqi Lithium, with total assets of less than 20 billion yuan, acquired 23.77% of the shares of lithium giant Sqm for US$4.066 billion, staged a "snake swallowing an elephant" and shocked the entire industry.
’s multiple acquisitions once plunged Tianqi Lithium into a debt crisis. However, since 2020, Tianqi Lithium has reached a turning point. With the introduction of the "dual carbon" goal, new energy power generation and new energy vehicles have become the biggest hot spots in the market. As the preferred core raw material for power batteries and energy storage batteries, the price of lithium ore has skyrocketed.
Tianqi Lithium Industry is ushering in a big explosion. According to the company's annual report, Tianqi Lithium will achieve revenue of 40.4 billion yuan in 2022, a year-on-year increase of 428%. In July of the same year, Tianqi Lithium was listed on the Hong Kong stock market. It was also in this year that Jiang Weiping won the title of "China's Lithium King".
is now nearly 70 years old, and Jiang Weiping has already begun to train his successor. According to the official website, Jiang Anqi holds a master's degree in business administration from Southwestern University of Finance and Economics and has nearly 10 years of experience in the lithium industry. As early as 2016, 29-year-old Jiang Anqi has already served as the deputy general manager of Tianqi Group. He has served as the company's director since February 2017 and as the company's vice chairman since April 2022. He is mainly responsible for assisting the company in formulating strategies and investment plans. , and assist the Chairman in making major strategic decisions.
In fact, Jiang Anqi has frequently appeared in Tianqi Lithium Industry’s press releases since 2022, including receiving visiting delegations from various countries, attending performance conferences of listed companies, etc. Jiang Anqi is a senior executive of Tianqi Lithium Industry. Representative speech. In 2023, Anqi Jiang also presided over the formulation and release of China's lithium industry's first net-zero emission white paper, the "White Paper on a Sustainable Lithium Industry under Net-Zero Emission Targets."
At the annual shareholder meeting of Tianqi Lithium Industry two years ago, Jiang Weiping talked about the topic of succession for the first time. He said that Tianqi Lithium will not affect the development of the company just because of the chairman. In Jiang Weiping's view, whether Jiang Anqi can become the successor of his career must first assess whether she is competent, rather than relying solely on blood ties to speculate whether she will succeed.
Now, 37-year-old Jiang Anqi’s appointment as chairman has been unanimously approved by the board of directors, but the challenges before her are still considerable. On April 29, Tianqi Lithium Industry released its first quarter report for 2024. Revenue and net profit levels fell sharply, and Tianqi Lithium Industry's market value also dropped from over 100 billion to more than 50 billion. There is a long way to go for a new person to take charge.
Heiresses collectively appear
A group of heiresses are coming to China's business world.
The latest scene is that not long ago, Tongce Medical issued an announcement that the actual controller Lu Jianming resigned as chairman. A young figure appeared, Lu Zixuan, the daughter of Lu Jianming, who was born in 1993, as a non-independent director of the company.
Lu Zixuan had a similar growth experience to most second-generation entrepreneurs. She was sent overseas by her father to study when she was young. After completing her studies, she worked for a company under Tongce Medical for many years, starting from a humble position in the company. After 2018, 25-year-old Lu Zixuan successively served as assistant to the president of Tongce Medical and assistant to the general manager of the financial business department. Now, Lu Zixuan ranks among the company's senior executives for the first time.
Of course, Zong Fuli is better known to the outside world. Perhaps it was Zong Qinghou's final entrustment. According to the National Enterprise Credit Information Publicity System, on February 23, Zong Qinghou resigned as the legal representative, executive director and manager of Hangzhou Wahaha E-Commerce Co., Ltd., and was replaced by Zong Fuli.
In 2004, 22-year-old Zong Fuli was sent by her father to gain experience in Wahaha's grassroots production line, and she has been immersed in the front line ever since. It was not until 2007 that Zong Fuli took the initiative to take over Hongsheng Beverage Group and worked for more than ten years before entering Wahaha headquarters. After twenty years, Zong Fuli completed the transformation into a female boss, and Wahaha has since entered the "Zong Fuli Era".
was equally sensational in March last year when the 34-year-old Liu Shuqi, the daughter of Liu Hanyuan from Sichuan Province, took over and became the new head of Tongwei shares with a market value of 100 billion. According to
information, Liu Shuqi was born in 1989 and graduated from Queen Mary University of London, England. In May 2021, Liu Shuqi began to appear as the general manager of Tongwei Photovoltaic Business Department. During this period, Liu Shuqi was responsible for the centralized management of procurement and sales of the company's silicon materials, batteries, and component businesses, and took over the reins step by step.
There have been many similar cases of second-generation female succession in the past two years. For example, Liu Chang took over New Hope Investment Group from his father and officially took charge of family investment; Chen Shiliang, founder of Tongkun Group, a domestic polyester filament industry giant, handed over the reins to his daughter Chen Lei; Zhao Guanghui, a listed company Fengyuan Shares, handed over the position of chairman of the board to his daughter Zhao Xiaomeng.
They are becoming the "Mulans" of China's business world: Meng Wanzhou, the eldest daughter of Ren Zhengfei, He Chaoqiong, the daughter of gambling king Stanley Ho, Chen Danxia, the daughter of Chen Kaichen, one of the founders of Liby Group, Zhu Juerong and Dali, the daughters of Zhu Mengyi of Hopson Development Group Xu Yangyang, the daughter of Xu Shihui of the group... has become a beautiful sight in the Chinese business world.
It is more difficult to start a business than to start a business
Chinese enterprises are ushering in a wave of handovers
At present, a large number of private enterprises in China have reached the point of taking over.
Here is an era background : Since the average birth year of the founders of China's top 100 family companies is the late 1950s, the first batch of family companies are now or will soon undergo the test of corporate inheritance.
As for the question of "who to pass it on to", it is often the collective subconscious mind of entrepreneurs that sons inherit their father's business. Zheng Yonggang once talked about the issue of corporate successors in an interview with "Zheshang Business": "I am very traditional. I am a farmer. My philosophy is: if a son is born in my family, he should inherit it." Many entrepreneurs will take the lead in trying to Leave your career to your children.
Therefore, these second-generation entrepreneurs are often planned a relatively consistent growth path: they graduated from prestigious overseas schools in their early years and learned finance, management and other experience. After returning from his studies, he entered the family business and started at the grassroots level, moving through various business departments and moving to the center step by step.
But not every second generation can take over smoothly. At the beginning of this year, Meibang Apparel announced that Zhou Chengjian’s daughter and Meibang Apparel chairman Hu Jiajia announced her resignation, and Zhou Chengjian was re-nominated as a director. The company was in adversity, and my father took charge again.
A previous McKinsey survey showed that looking at global family businesses, the second-generation inheritance rate in Western countries such as the United Kingdom and the United States is only about 30%. By the third generation, the inheritance rate is even less than 15%. In fact, only a minority of the second generation can successfully complete the business inheritance. Their children are not suitable or unwilling to take over, which blocks the inheritance of most family businesses.
So another option is: Leave the money to professionals to take care of it, thereby realizing the intergenerational inheritance of family wealth.
As Zong Qinghou once expressed a point of view in an interview, "China's private enterprises will eventually be like developed countries. If the second generation is willing to take over, they will take over. If they are not willing to take over, professional managers will manage the company."
Chenyi Investment According to a set of statistics, only 15% of unlisted family businesses are prepared to be succeeded by their descendants; more than half of listed family businesses have control transfers within 5 years of listing. Most family entrepreneurs decide to sell the business before retirement. In some mergers and acquisitions cases this year, the founders of their fathers finally decided to sell the company because it was difficult to find a successor.
"It is easy to conquer a country, but difficult to defend it." An eternal truth in Chinese history is that it is more difficult to start a business than to start a business.
