From being heavily in debt to the monthly output value exceeding 80 million yuan, look at the "road of rebirth" of weihai.
Bubble in the workshop to check the operation of new equipment and staff work, and the relevant responsible person to discuss the plant transformation plan, and customers to negotiate new orders, the company's rules and regulations to readjust the reform...... These days, Miao Yingyang, chairman of Hongyu Medical Equipment Co., LTD., was in a hurry, calling one after another. "The successful bankruptcy and reorganization of Hongyu Medical has instilled strong confidence in all Hongyu people. Now is the critical moment of power, How can I have half slack off!"
Early in the morning on June 19, Miao Yingyang arrived at the company to prepare details of cooperation with foreign customers on new orders in advance. "The order amount is up to 500 million yuan and the delivery date is two months. If it can be successfully signed, not only can the enterprise achieve more than 50 million yuan of profit, but also can drive the sales of related supporting enterprises." Talking about the order, Miao Yingyang was full of anticipation and excitement.
At present, Hongyu's medical plant has taken on a new look, with all the equipment updated. There is not a single employee who has left or asked for leave. The production workshop is full of busy production. The newly purchased raw material production equipment and plant with an investment of more than 40 million yuan has effectively solved the problem of raw material supply, reduced production costs, stabilized the market price of Hongyu products, and increased the confidence of agents and customers. In June alone, Hongyu's medical output value exceeded 80 million yuan.
It never occurred to anyone that a company struggling to move forward with such high morale had been saddled with debt from bad investments and broken capital chains.
The former seven affiliated enterprises of Hongyu Medical Have accumulated debts of 700 million yuan and are seriously insolvent and on the verge of bankruptcy. With 632 workers facing unemployment, there is a greater risk of social stability. To this end, the district Administrative Committee quickly intervened and set up a working group to take over the enterprise. In April 2016, the bankruptcy reorganization procedure was started to protect the rights and interests of all parties and save the enterprise to the maximum extent.
During the bankruptcy reorganization, the main leaders of the district Management committee studied and determined major issues, and the leaders in charge followed the whole process. The court, political law, public security, economic development, commerce, finance, taxation, social security and other departments joined hands to help solve the problems of enterprise capital turnover, staff maintenance and stability, production and operation. During this period, the district Administrative Committee also carefully selected one official cadre who participated in the bankruptcy reorganization of the enterprise for many times to serve as the liaison person for coordination, office in the factory, and supervise the operation and management of the enterprise, as well as the examination of creditor's rights, asset evaluation and other important matters.
The district court led the establishment of a high-level professional management team to fully take over the company, implement bankruptcy reorganization in accordance with the law, a total of 49 bankruptcy derivative lawsuits, to ensure the maximization of the value of enterprise assets. The bankruptcy management team is fully responsible for the operation management and capital accounting of the enterprise during the reorganization. It takes 4 months to complete the audit evaluation of the enterprise's assets and liabilities, standardize the enterprise's operation behavior, and lay a good foundation for the subsequent operation.
To maintain normal production and operation is the prerequisite to ensure the stability of employees, maintain asset value and implement reorganization smoothly. After the reorganization process was launched, the management committee put the protection of employees' rights and interests in the first place, tried every means to stabilize the emotions of employees, and selected one chief executive and five supervisors to be responsible for the operation and management of the enterprise. The management Committee, the court and the manager sent staff to the resident enterprise to participate in it. At the same time, through improving the daily management, financial management and other systems, post transfer, warehouse consolidation and other ways to reduce 10% of the management cost, stable domestic and foreign suppliers and distributors cooperation, quickly reverse the enterprise chaos.
During outbreaks, by the district management committee, court and provincial, city, district three joint efforts, the department in charge of the business enterprise all six production lines production, masks, nissan can be increased from 70000 to 500000, gown, nissan can be increased from 3000 to 300000, not only smooth completion of provincial emergency supplies allocated by task, itself also get fast development.
But a smooth restructuring requires a firm grasp of the two keys: creditors and investors. In order to win the confidence of investors, the district will attract and restructure investors as investment attraction to catch, and has more than 40 prospective investors have conducted multiple rounds of cooperation negotiations, and finally facilitated the package acquisition of Weihai Huashang Jinyuan Trading Co., LTD. After many times of communication and negotiation between district court, administrator and 397 creditors, the reorganization plan was finally passed smoothly. That's what makes Miao Yingyang determined. "The government has spared no effort to save the company," he said. "I am deeply moved by the government's insistence on the company and its concern for employees."
Now, Hongyu has been successfully reorganized and gained new life, and Hongyu people are full of energy. Miao said the company is planning to purchase new offices and production sites to further expand its capacity, with output expected to increase 5.7 times and profits and taxes more than 6 times this year compared with 2019.