Ip Chi Shing, a native of Dongguan, Guangdong Province, is currently the Chairman of the Board of Directors of Hong Kong Yip's Chemical Group Co., Ltd. 197 1. Ip Chi Shing founded "Constant Travel" and set foot in the chemical industry. He won the Hong Kong Young Industrial Entrepreneur Award for his outstanding contribution to Hong Kong's fine chemical industry, and was known as "the king of Hong Kong's chemical industry". He is the son of Mr. Wang, and the brother of Ms. Ye and Mr. Wang. In 2006, Ip Chi Shing Charity Fund Co., Ltd. was established to give back to the society from two aspects: education in China and Hong Kong's concern for vulnerable groups.
Chinese name: Ip Chi Shing.
Mbth: phishing
Nationality: China.
Ethnic group: Han nationality
Place of birth: Dongguan, China
Date of birth: 1948
Occupation: chemical businessman
Major achievements: Hong Kong's "King of Chemical Industry"
Masterpiece: Constant Journey
Brother: Ye Zixuan.
Clan: Guangfu
Basic introduction
Ip Chi Shing, a native of Dongguan, Guangdong Province, was born in Shilong Town, Dongguan, Guangdong Province. He is a young industrialist in Hong Kong and the chairman of the board of directors of Yip's Chemical Group. Founder, Chairman and Managing Director of Yip's Chemical Group Co., Ltd. (0408-HK)
It's very difficult to run an industry in Hong Kong, and it's even more difficult to make your own brand in the industrial field. Hong Kong is an international financial, trade and logistics center. Industry accounts for less than 6% of GDP and employs less than 200,000 people. In Hong Kong stock market, the P/E ratio of industrial stocks is much lower than that of financial real estate stocks, just like a "second-rate industry". However, even in this environment, there are still many Hong Kong entrepreneurs engaged in industry (manufacturing). For Hongkong, for the Pearl River Delta, and even China's industrialization process quietly contribute their own strength! Ip Chi Shing, chairman of Hong Kong Yip's Chemical Group Co., Ltd., is one of the outstanding people.
197 1 year, Ip Chi Shing founded "Heng Chang Bank" and set foot in the chemical industry. Over the past 35 years, he led the team to gradually develop Yip's chemical enterprise into a Hong Kong listed company with annual sales exceeding HK$ 5.4 billion and an annual growth rate of HK$ 80 million. The Group has seven core businesses, such as natural water, special varnish, coating, monomer solvent, lubricating oil, ink and resin, and specializes in research and development, production, sales and service of fine chemicals. It owns many well-known brands such as Bauhinia Lacquer, Bauhinia Ink, Lux Lubricant and Gaobo Lubricant, and Bauhinia Lacquer has more than 1800 stores in China. And initially completed the industrial layout of Chinese mainland 15 modern manufacturing base.
Because of his outstanding contribution to the fine chemical industry in Hong Kong, Ip Chi Shing won the Hong Kong Young Industrial Entrepreneur Award and was known as the "King of Chemical Industry in Hong Kong".
1On October 25th, Mr. Ip Chi Shing accepted an exclusive interview with this newspaper. He said that there was no news of doing business, which was his first interview with mainland media in 35 years.
start a business
197 1 year, the group founder and sister Ye opened a small shop in Sai Ying Pun, Hong Kong, named "Chang Heng You", and Ye's earliest petrochemical business began. The initial business model was to buy large barrels of chemical raw materials, repackage them, and then push bicycles to the streets one by one. Now, Mr. Ip Chi Shing, who has gradually retired from the background, still clearly remembers the sales of Changheng in the first month-4,080 yuan.
Familiar with the factory, Ip Chi Shing soon found that these factories need to consume a lot of Tianna water (banana oil) every day, so he started to do Tianna water business; Later, I found that these factories often have such and such problems when mixing paints with natural water, and because of limited conditions, it is often difficult to tell which link the problem lies in. Clever Ip Chi Shing went to the person in charge of the factory and said, "Why don't you take your paint away from me?" ? If anything goes wrong, you just need to find me. With the accumulation of credibility, many customers accepted this suggestion, so Bauhinia paint was born, without lofty ideals and grand blueprints. Only by virtue of its keen market sense, the founder actively tried and firmly grasped every market opportunity, and made continuous progress with the entrepreneurial purpose of "diligence can make up for mistakes" and "sincerity can win trust", and the constant journey of that year began to grow and develop gradually.
199 1 year, Yip's chemical industry was successfully listed in Hong Kong, which brought Yip's chemical industry into a brand-new development stage-from family business to listed company, the mentality of Yip's three brothers and sisters also changed greatly. On the one hand, they have successfully transformed into the role of enterprise managers, understanding the outside world with a more open mind and accepting various opinions and opinions. On the other hand, it has gradually adapted to the needs of the situation, introduced many excellent senior professional managers and related talents, constantly debugged the corporate governance structure with the changes of the market, and established a scientific management system to make the company's operation more standardized and efficient; As a listed company, Ye's chemical group has much smoother financing channels, thus gaining more development opportunities and partners.
However, after listing, Yuzryha Chemical lost more funds and opportunities for a period of time.
199 1 was well funded at the beginning of listing, and Yip's chemical business showed a diversified trend. The group is involved in trade, storage tanks and other business fields. This made the company's debt ratio once exceed the warning line of 100%. In order to solve the problem of excessive bank debt, the company managers began to reflect. On 1996, the company began to restructure its business and divest some businesses unrelated to its main chemical industry. For example, the divestiture of trade business, although the chemical trade of the Group accounted for 30%~40% of the company's business in 1996, but considering that its ups and downs greatly affected the stability of the whole group, Ip Chi Shing resolutely divested.
At that time, this "broken wrist"-like move puzzled many people, but it just helped Shi Ye Chemical successfully avoid the next robbery-after the chemical trade divestiture, the debt ratio of Shi Ye Chemical dropped sharply, thus effectively avoiding the risk of bankruptcy due to high debt ratio in the subsequent 97 financial storm. Because of this, after the storm, Mr. Ip Chi Shing summed up his experience and solemnly put forward the slogan of "focusing on industry". He said: "Without the business restructuring of 1996, we might not have survived the financial turmoil, nor could we have the development of Yip's enterprise today. During the financial turmoil, many Hong Kong companies closed down in three to five months or/kloc-0 or two years. The main reason is that their development has deviated from their own industries and entered unfamiliar fields. Therefore, we have summed up many years of development experience, and the most important thing is to focus on our own industry! "
1997 is an extraordinary year for Ye's chemical industry. This year, Hong Kong returned to the motherland; This year, Mr. Ip Chi Shing put forward the slogan of "focusing on industry"; This year, Ye's Chemical Industry, which experienced the financial turmoil, entered a five-year adjustment period.
First of all, in view of the bad phenomenon that Bauhinia Lacquer cooperated with local partners in Hainan Island, Jinan, Changchun, Suzhou, Wuxi, Shantou and other areas at that time, due to the lack of unified planning and management, Yeshi Chemical decided to recover the decentralized management rights. At this point, Bauhinia lacquer has achieved unified national management and unified brand promotion, and entered the right track of rapid development.
Secondly, in the past five years, Yip's Chemical Company has defined the strategy of "focusing on the China market".
Yip's Chemical Company has been expanding its factory in China for some time after listing, and has targeted its customers at Taiwanese and Hong Kong businessmen. However, after 1995, the development speed of this kind of customers slowed down obviously, and many new factories invested by Ye's Chemical Company appeared the phenomenon of "not having enough to eat", and the business development prospect was unclear.
At the same time, Yip's Chemical also tried to open up overseas markets, set up factories in Vietnam, Malaysia, the Philippines and other places, and also set up trading companies in Singapore, but the subsequent development was not ideal. Mr. Ye Zixuan, the younger brother of Mr. Ip Chi Shing and vice chairman of the group, submitted an analysis report after inspecting the Vietnamese market at that time, clearly analyzing the market situation: "Vietnam is a potential market, but it is not today's market. Compared with China's huge market space, the Vietnamese market is too small; Moreover, most of the competitors are overseas Chinese, and doing business in Southeast Asia is more expert and more powerful. " Therefore, after five years' combing and energy accumulation, the development thinking of Ye Chemical has gradually become clear, focusing on the China market, actively adjusting and gaining momentum.
After the adjustment period of 200 1, Yip's Chemical Group was once again tested by the financial crisis. But this time, with a clear development direction and a steady market strategy, the company not only successfully survived the crisis, but also effectively improved the competitiveness of its main business and achieved steady and rapid growth as a whole through weakening and retaining strength in the market. At this point, Ye's chemical industry has officially entered the fast lane of development.
Today, Yip's Chemical Group has nearly 5,000 employees and a market value of 5 billion. The annual sales of 201/kloc-0 are expected to exceed 8 billion, and the annual sales of 20 13 are expected to exceed10 billion. I believe that the market value of the company will be further enhanced.
When talking about the secret of enterprise success, Mr. Ip Chi Shing, Chairman of the Group, said: "As the oldest employee, I deeply feel that the most important factor of our success in the past 40 years is' harmony with people' at first. How lucky I am to get the help of countless people in the process of starting a business, especially our management team and many colleagues. So we pursue modesty and trustworthiness abroad; Internally, we regard employees as the lifeblood of the company and respect and care for employees. At the same time, we also advocate a "small boss" system and culture within the enterprise-through the implementation of the award evaluation plan, we regularly assess the performance of each employee, encourage employees to become small bosses of the enterprise, focus on small bosses, and link personal interests with corporate interests. Another important factor of our success-'thirst for talents', that is, we regard talents as one of the most important assets of the enterprise, and we should do our best to provide fair, relaxed and promising career space for employees, hoping to achieve the best balance and win-win effect between enterprise development and employee growth; We have been adhering to the belief of "concentration" and intensively cultivated in the chemical industry with a focused and professional attitude. Since its establishment nearly 40 years ago, we have only been engaged in the core business of producing and selling solvents, coatings and lubricants, and concentrated our energy on the fields we are best at and familiar with. Experience also shows that because we focus on one business, we will definitely focus on the long-term, and long-term strategies can always balance current decisions, thus leading us to overcome one economic difficulty after another. "
(1) Enjoy industry
China industry news: It is not easy to stick to the manufacturing industry in Hong Kong. Mr. Ye has worked in this industry for 35 years and won the Hong Kong Young Industrialist Award. Excuse me, what internal motivation supports you to stand on the industry for a long time?
Ip Chi Shing: Frankly speaking, I have never thought about it. As a free port, Hong Kong people have more opportunities, and the price-earnings ratio of industrial stocks is relatively low, so there are not many employees. But regardless of the real estate frenzy or the stock heat wave, I never thought about leaving this industry, and everyone's pursuit is different.
I have been working in manufacturing since my first job when I was young. I have devoted all my youth and hard work in this industry, and never thought of leaving to engage in other industries.
Now that I think about this problem, I think it is the happiness and satisfaction of my work that has kept me in this industry for 35 years. Over the past 35 years, even though the financial turmoil has affected us, we have developed steadily, and I am very satisfied with it. When I see the steady growth of the company's performance and the establishment of modern factories in various desolate places in the mainland, I will feel sincerely happy. I think that's the reason.
(b) Industry specialization
China industry news: This year, the "Bauhinia" paint under Ye Chemical Group won the title of "China Famous Brand Product"; I was selected as one of the top 200 enterprises in Forbes Asia. What do you think is special about Ye's outstanding achievements?
Ip Chi Shing: Being able to win these honors is more about pressure and responsibility than happiness. The brand "Bauhinia" was founded in 1982, named after the flower of Hong Kong, and is deeply loved by people. "Bauhinia" paint can win "China Famous Brand", which is not only the honor of Yip's Group, but also the honor of Hong Kong industry and Hong Kong people. China famous brands are reviewed every three years. We should cherish this honor and strive to do better.
We have nothing special. The grand plan of Ye Enterprise is to focus on its own industry. Perhaps this is the special reason for our success. I have been engaged in this industry for more than 30 years, and naturally I am doing better.
In the development process, Yip's enterprise once deviated from the principle of giving priority to its main business: during the listing of 199 1 Hong Kong, the group's business showed a diversified trend, and it also engaged in trade, storage tanks and other businesses, which deviated from its main business. Results Our debt ratio reached the warning line of 1 10%. In order to solve the problem of excessive bank liabilities, we started business restructuring on 1996, and spun off some businesses unrelated to the main business. After simplifying the main business, Ye's debt ratio dropped below 40%. In this way, when the 97 financial storm came, the risk of bankruptcy of enterprises due to high debt ratio was avoided!
Under the impact of the financial turmoil, during the period of 1996-200 1, although the group was profitable as a whole, it fluctuated greatly. After five years of business restructuring, it reached 200 1. We not only successfully weathered the financial crisis, but also improved the competitiveness of our main business and realized the steady growth of the Group's business. Looking back now, without the business restructuring of 1996, we could hardly survive in the financial storm! Perhaps there would be no development of leaf enterprises today.
Summing up our 35-year experience, the most important point is that it is very important to focus on our industry! In the financial turmoil, many Hong Kong companies jumped over in three to five months or 1 or two years. The most important thing is that they have deviated from their own industries and entered unfamiliar fields.
In order to keep this experience in mind, on the 30th anniversary of the company's establishment, the name of the group was officially changed to: Ye's Chemical Group Co., Ltd. in 200 10/0, to show that the group started its business in the chemical industry 30 years ago and will continue to do so forever.
Group profile
Yip's Chemical Group Co., Ltd. was established in 197 1, formerly known as "Bank of Heng Chang", and became a listed company in Hong Kong on 199 1 (stock code: 408). The Group focuses on the production and sales of chemical products, keeps pace with the times, and has a growing scale: as of March 3, 2065438, the Group's turnover exceeded HK$ 5.4 billion; As of June 30th, 20 10, the market value of the Group reached HK$ 4.3 billion. The core business of the Group is solvents, coatings and lubricants, and it has become one of the largest manufacturers of chemical products in China. Headquartered in Hongkong, the Group has 17 different kinds of production plants in China, and its product sales network covers all major provinces and cities in China.
The core business of the Group is solvents, coatings and lubricants, and it has become one of the largest manufacturers of chemical products in China. Headquartered in Hongkong, the Group has 65,438+08 different kinds of production plants in China, and its product sales network covers all major provinces and cities in China, with a total of more than 4,654,38+000 employees.
Yip's products are famous for their excellent service and famous brands, including Bauhinia lacquer oil, Bauhinia ink, Glaxo special gloss oil, Dachang resin, Ad-Coat electronic insulating coatings, Lux lubricating oil and Gaobo special lubricating oil.
milestone
70s: the start-up period.
19711On October 25th, "Heng Chang Bank" chemical raw materials company opened at No.425 Queen's Road West, which was the predecessor of "Ye's Chemical Group".
Heng Chang Bank is determined to develop its business in the petrochemical industry with the spirit of diligence and trustworthiness, constantly consolidate its strength and open up space.
The 1980s: the expansion period.
The Group began to purchase raw materials in China, while actively expanding the China market.
With the reform and opening up in China, the Group seized the opportunity, actively invested in the development of high-tech products, diversified chemical products, and gradually established its own brand.
Shenzhen Buji Changheng Chemical Plant was completed, which is the first factory of the Group in China.
90' s: the leap period.
Yip's Chemical Building, located in Fanling, New Territories, Hong Kong, has been the headquarters of the group since its completion.
1991August, the group was listed on the Hong Kong Stock Exchange (stock code: 408), and its business started a new milestone.
The Group has developed steadily, launched a number of acquisitions and mergers, and successively invested in building factories, setting up distribution points and joining new businesses, penetrating the entire huge China market.
2 1 century: making steady progress
Adhering to the business philosophy of "focusing on one's own business", the Group has continuously expanded its business and achieved leap-forward development.
The group built new factories in Huiyang, Zhongshan and Zhejiang, and adopted the most advanced automated production lines and equipment, which doubled the output.
The group pays attention to scientific research and customer service, and constantly improves its products; At the same time, it also constantly improves the level of corporate governance, thus achieving steady and sustained development and growth.
In 2005, with a turnover of less than US$ 654.38+0 billion, the Group was selected as one of the 200 best listed companies in the Asia-Pacific region by Forbes, an authoritative global financial magazine, which fully demonstrated the strong strength of the Group and affirmed its outstanding performance and leading position in the industry.
In 2007, the Group won the first place of "Best Management Company in Hong Kong (Small Enterprise Group)" in the best management company election held by Asian Currency magazine, which is enough to witness that the Group has been recognized by the investment community in terms of enterprise development strategy and management.
In 2008, the Group won the first prize of "Best Medium-sized Enterprise" in the 2008 "Investment Election of the Best Management Company in Asia" held by Financial Asia magazine.