1, Xu Wenrong is the founder of Hengdian's "Industrial Kingdom". But also a practitioner of Socialism with Chinese characteristics's economy. Relying on the geographical advantages of "Oriental Hollywood", "World Magnetic Capital" and "Jiangnan Medicine Valley", Hengdian Group keeps pace with other industries such as film and television, medicine, new energy and futures. Hengdian Group is the core beneficiary of the prosperity of China film and television industry in the past few years. In recent years, Hengdian Group has caught up in the research and development of photovoltaics, lithium batteries, magnetic materials and medicines, and built a huge industrial system.
2. Hengdian Group has never really been observed and examined in the spotlight for a long time. Xu Wenrong is the founder of Hengdian's "Industrial Kingdom". Hengdian, on the vast territory of China, was originally an unknown small place. In 1970s, farmer Xu Wenrong developed community economy and private economy with the courage of "being the first in the world".
At that time, doing business was risky, and Xu Wenrong was even labeled as "profiteering". Until after the reform and opening up, Xu Wenrong, like a duck to water, led Hengdian Group to stage the business story of "changing the world". Since 1975, Xu Wenrong has been involved in reeling, magnetic equipment, chemical industry, pharmacy and other fields. Until July 1990, Hengdian Enterprise Group was formally established, and it was also the first township enterprise group approved by the State Council. This is equivalent to being recognized at the national level.
4. Hengdian is the actual controller of listed companies and Hengdian Group, both of which are mysterious social organizations with a registered capital of 654.38+0 billion, Dongyang Hengdian Economic Enterprise Association, and this association is ultimately owned by all employees of Hengdian Group. Anyone who signs a labor contract with Hengdian becomes a member of the working people's collective of Hengdian. At the level of Hengdian Group, all senior executives of the Group, including the chairman, hold extremely low shares in the Group. Among the major enterprises under the Group, the shareholding ratio of senior executives is 10 to 5%, which is not high.
5. This structure is similar to "Huawei Trade Union Committee" or "Huaxi New Town Village Committee". Compared with the former, Hengdian has many listed companies. Compared with the latter, Hengdian has a larger scale and a more complicated business system. What is unknown to the outside world is that in addition to film and television base, medicine and new energy, Hengdian Group's tentacles also extend to public industries such as commercial retail, gas, water, real estate and gas stations, and even 100% has Hengdian Airport. The Xu family kept a low profile and didn't show their edge.
6. The success of two blockbusters made the name of Hengdian Film and Television Base spread like wildfire, and the American magazine Hollywood Report even called Hengdian Film and Television City "Hollywood of China".