On the eve of Christmas 2010, Ma Ruyi, the general manager of Bosch Wuxi Diesel, returned from Germany to Wuxi and attended the Weifu Hi-tech Extraordinary General Meeting. The next day, he will return to Germany to continue his vacation. The general meeting of shareholders passed a decision to increase the issuance of 113 million Weifu Gaoke shares to the two major shareholders of Wuxi Industry Development Group and Germany Bosch. The issue price was 25.83 yuan/share and nearly 3 billion yuan was raised. Among them, Bosch invested 2.1 billion yuan to increase its own equity in Weifu from 3% to 14%. Wuxi Industrial Development Group invested RMB 900 million to increase its holdings to 20%. As an integral part of the transaction, Weifu Hi-Tech also acquired 1.5% of Bosch Automotive Diesel Systems Co., Ltd., a joint venture held by Wuxi Industry Group, and 1% of the joint venture company held by Bosch. Shares, shares increased from 31.5% to 34%. Ma Ruyi's long-distance running shows his emphasis on this conference. Whether it is for Bosch or Weifu, the series of equity changes caused by the issuance of this stock, the deep meaning behind the figures is intriguing. The purpose of Weifu issuance is to raise funds to develop several product directions that it has set, and Bosch has raised the stake to 14%, making it have to consider the future development prospects of Weifu. In the third national era, Weifu appeared with Bosch's core suppliers, providing common rail systems for pump and component roughing services. As Weifu's own research and development capabilities have increased, as well as increased opportunities in the local market, Bosch also needs Weiwei. Fufu does more in-depth technical research and development. According to Wang Weiliang, chairman of Weifu, this change of equity gives him the opportunity to improve Weifu's position in the entire industry chain. Although Weifu’s shareholding in Bosch only increased by a few percentage points, more than one-third of the shares held by Weifu allowed Weifu to gain greater say in the board of directors. It should be noted that in 2010, the most work that Bosch has done is to seek localization opportunities for key components such as injectors and exhaust gas purification systems. This is an opportunity that Weifu must attach importance to. In fact, Weifu, established in 1958, has been waiting for this opportunity to prove its strength. The first sentence that Wang Weiliang said after returning to Weifu from Bosch in 2008 was that Weifu should not be defeated in his own hands. In the common rail system of diesel engines, after the third country, the market is generally supplied with fuel injectors and pumps as the assembly. Weifu, which only retains the pump's production capacity, has never been able to get out of the trap. The 31.5% shareholding ratio also made Weifu unable to bargain with Bosch technically. The reporter learned that the initial reason for the increase was that the majority shareholder Wuxi Industrial Group was not willing to 17% of the proportion, hoping to increase the ratio, and Weifu took the opportunity to make room for greater development. At present, the Bosch Wuxi diesel plant has an annual production capacity of 1 million common rail systems. The common-rail system pumps are basically provided by Weifu Hi-Tech, and Weifu Hi-Tech has become Bosch Diesel's second largest in the world and the largest in China. Parts suppliers. At the turn of the national "Eleventh Five-Year" and "Twelfth Five-Year Plan", the automobile industry-oriented policy has provided Weifu Hi-Tech with the opportunity to expand from a single fuel injection system product to an automotive air intake system, fuel injection system, and afterwards. The system handles the three major segments of the system and launches the independently supplied engine injection system assembly WAPS (High Pressure Integrated System) to the market. This is a technical solution for off-road engines, based on the idea of ​​common rail, but incorporates many local parts and innovations. This is also one of the six investment directions after Weifu increased financing. Others also include cutting-edge research on power battery materials. Wang Weiliang said: "We have no specific plans for this block. At present, we plan to invest about 100 million yuan to fully understand the market and look for opportunities." According to the progress, China will begin to implement more stringent National IV emission regulations in January 2012 throughout the country. The Chinese government has planned significant emission reduction and energy saving targets for the “Twelfth Five-Year Planâ€. This will lead to a comprehensive technological upgrading of engine-related industries, and also give Weifu better profitability. The reason is that Weifu not only has product accumulation in pump and post-processing, but also has no technical R&D investment. . At present, the product strength of Weifu Lida's tail gas treatment system under Weifu is sufficient to compete with international brands. Under the country's fourth even more stringent regulations, engine exhaust gas treatment has become a must-have configuration, and Weifu's investment in exhaust gas technologies began to pay off in the past 10 years. The added value of technology can improve the performance of the company, as can be seen from the business figures of Weifu and Bosch. In 2009, less than 3,000 employees in the Bosch diesel system generated revenue of 3.9 billion yuan, while Weifu generated 3 billion yuan in revenue from 7,300 people. In this sense, Weifu still has a long way to go. Printing Puzzle Mat,Rubber Mats For Kids,Cushion Mat Huizhou City Melors Plastic Products Co., Limited , https://www.thefoammaster.com