Now, the legendary entrepreneur is finally going to take a curtain call from the capital market because of the dispute over equity and creditor's rights.
Guo Jiaxue was born in 1966. His father is the director of a township hospital, and he also comes from a medical family. Guo Jiaxue is smart and independent. /kloc-was admitted to Ankang Normal University at the age of 0/6, and/kloc-stayed in school as an outstanding graduate at the age of 0/9, and was sent to Shaanxi Normal University for further study for one year.
1986, this is the eighth year of reform and opening up, and the gross domestic product has reached 10376 billion yuan, three times that of eight years ago. Guo Jiaxue gave up his iron rice bowl and joined the entrepreneurial wave. Unexpectedly, golden phoenix, who was flying around the henhouse, chose to raise pigs and vowed to be the first person to raise pigs scientifically. In order to eat steadily, Guo Jiaxue only sleeps four hours a day. After a while, the pig grew to 200 kg, but Guo Jiaxue has lost weight 120 kg.
Although the initial breeding was successful, it became difficult to sell pigs. The mountain area is steep and impassable, so we have to carry it on our backs. Can mass-produce but can't sell, Guo Jiaxue can only give up the great cause of breeding and concentrate on planting Chinese herbal medicines. This venture, Guo Jiaxue even sold his ancestral home and contracted a plantation in the county.
Herbal cultivation is also a hard work. Guo Jiaxue took dozens of workers to cut down trees in the ice and snow. After more than a month, ten knuckles were swollen. His mother was so distressed that she tried every means to persuade him to change his way, even if it was to go home and farm. In order not to worry her mother, Guo Jiaxue gave up planting Chinese herbal medicines and decided to visit Xi 'an.
In the first few years in Xi 'an, Guo Jiaxue tasted all kinds of hardships. The stall was chased like a dog by the urban management; I have also worked in IT and sold medical devices. With full of blood and unlimited dreams, Guo Jiaxue made some money in a few years.
Until 1996, Guo Jiaxue finally met the opportunity of life. At that time, Shaanxi Weidong Pharmaceutical, a state-owned pharmaceutical company, was on the verge of bankruptcy due to poor management. Knowing that the pharmaceutical industry has a bright future, Guo Jiaxue took over the pharmaceutical factory in the form of debt, followed by millions of debts.
Guo Jiaxue, who had been trading for several years, took over the pharmaceutical factory and established a national sales network in just one year. In the same year, the revenue of pharmaceutical companies increased from 300,000 to 30 million, and directly exceeded 100 million in the following year. The resurrection of Weidong Pharmaceutical Factory brought not only real money, but also great fame.
From 65438 to 0998, Guo Jiaxue merged Xi 'an Chemical and Pharmaceutical Company and founded Dongsheng Group. Guo Jiaxue, who has returned to the pharmaceutical industry, wants to build China's first Fortune 500 private enterprise, and capital acquisition has become the accelerator of its pharmaceutical empire.
1999, Guo Jiaxue invested 60 million yuan to collect Qinghai Tongren Aluminum Industry. The following year, Dongsheng Pharmaceutical successfully went public through asset replacement, and Dongsheng Technology came into being. For a time, Guo Jiaxue became famous and became the youngest chairman of a listed company in China.
In order to realize the dream of becoming one of the top 500 companies in the world, Dongsheng simply entered do or die and started a big acquisition. In the following years, Dongsheng successively won well-known pharmaceutical companies such as Qinghai Pharmaceutical, Qianjiang Pharmaceutical, Livzon Group and Gaitianli Pharmaceutical. In 2004, China Resources, Fosun, China Resources and other industry predators were pushed into Yunyao Group, and Curve held Yunnan Baiyao.
In its heyday, Dongsheng owned more than 40 pharmaceutical enterprises and established a complete industrial chain covering pharmaceutical R&D, production, sales and logistics. For a time, Dongsheng had unlimited scenery. Guo Jiaxue, also known as the capital madman, has been the richest man in Shaanxi for many times. However, before this industrial chain came into play, the capital market had undergone earth-shaking changes.
In 2004, due to the overheated economy, the state introduced macro-control policies, tightened bank credit and raised loan interest rates, which all hit the lifeblood of Guo Jiaxue. The capital bubble has been punctured, and the debt crisis of Dongsheng Group is imminent. Coupled with bank loans, Dongsheng fell into a desperate situation. In order to solve the urgent need, Guo Jiaxue even borrowed usury. However, in the face of huge debts, it is a drop in the bucket.
With a condemnation document issued by the CSRC, the debt crisis of Dongsheng Group was completely detonated. Suppliers, dealers and loan sharks even occupied office buildings, pulled banners and blocked doors. From June 5th, 2006 to October, 2006 10, Guo Jiaxue was prepared to commit suicide under pressure, and was rescued by his younger brother and the boss of the branch company who came to report for duty. After some persuasion, Guo Jiaxue gave up the idea of suicide and cried for the first time in his life.
Since then, Dongsheng has started a difficult journey of paying off debts. At that time, he was suggested to apply for bankruptcy directly, but Guo Jiaxue refused. As Dongsheng Technology surpassed Dai Yue, Guo Jiaxue had to sell it year after year.
OTC business of cough medicine (including Baijiahei as the core business) was sold to Bayer at 1 26.4 million yuan, Livzon shares were sold at1700 million yuan, and Yunnan Baiyao with a market value exceeding1100 million yuan was sold at 750 million yuan. Since then, Dongsheng AIA, Dongsheng Technology Pharmaceutical Factory No.1 and other assets have been sold one after another, and even the company building has been packaged for sale. I sold it in such a hurry that I didn't even sell it at a guaranteed reserve price.
During this period, Guo Jiaxue paid no salary for 13 months in a row, but the employees were United. A vice president of the company even mortgaged his house to help the company pay its debts.
In 20 12, Dongsheng finally survived eight years of arduous war of resistance and paid off all 4.8 billion debts, including 3.2 billion independent claims, 800 million loans from state-owned enterprises and 800 million usury interest.
At that time, Dongsheng sold everything that could be sold, and listed companies also fell into an empty shell dilemma, leaving only Shanxi Guangyuyuan, which was acquired in 2003. At that time, Guo Jiaxue's hair had turned gray. Wealth is disillusioned, but he feels that life is suddenly enlightened. However, on the whole, Guo Jiaxue didn't expect that the reputation of losing money for many years would become the pillar of his comeback.
As the oldest Chinese medicine enterprise in China, it has a history of more than 470 years since the 20th year of Jiajing in Ming Dynasty. In 2003, Guangyu Yuan's debt reached 654.38+63 billion yuan, and the municipal government chose to restructure it. In the aftermath of SARS, Guo Jiaxue went to Shaanxi several times, and won the reputation with 0 yuan+debt.
After paying off the debt, Guo Jiaxue rallied and plunged into the field of Chinese medicine, aiming at reviving the culture of Chinese medicine. 20 13, Dongsheng technology took off its hat and changed its name to Guangyuyuan, and began its strategic transformation. Guo Jiaxue came back with three extreme theories-extreme products, extreme brand communication and extreme user experience.
This time, Guo Jiaxue no longer pursues the world's top 500, and no longer talks about capital. M&A is just a great cause that can be passed down to future generations in a hundred years or thousands of years. In order to do a good job in Guangyuyuan, a traditional Chinese medicine for more than 400 years, Guo Jiaxue learned the lessons from the failure of capital market expansion in the past and introduced franchisees.
In five years, the market value of Guangyuyuan has increased fivefold. With the rapid occupation of the market by drugs such as Guilingji, Dingkundan and Angong Niuhuang Pill, the sales of Guangyuyuan increased from one billion to 800 million. Guo Jiaxue's goal is far-reaching. He put forward a plan to open 1000 national medicine halls and 100 national medicine clinics in China.
Today, Guangyuyuan has opened hundreds of stores not only in China, but also in Europe, America, Europe and other countries.
202 1 1, Guangyuyuan issued an announcement, revealing the information of holding hands with Shanxi state-owned assets. In July, 20021year, Guangyuyuan once again released information such as passive reduction of controlling shareholders. All kinds of news show that Guangyu is about to change hands. This famous veteran who returned to the rich list, I wonder what he is feeling now?