Jiang Yunqing: Textile "predators" unwittingly

Business Card President and General Manager of Hubei Anfengda Textile Co., Ltd., Executive Director of Taizhou Chamber of Commerce in Wuhan City Encountered the history of entrepreneurship in Hubei in the early years, worked as a hardware bakelite factory, made trades, and purchased a textile state-owned enterprise in an innovative move to invest huge sums of money. The state-owned textile companies visited Wuhan in a meeting with the Chamber of Commerce of the People's Republic of China. The reporter and Jiang Yunqing have been in contact for the third time. As before, his feelings are still low-key and hard work. However, we learned from another friend of the Wuhan Chamber of Commerce that he recently operated a large project. Jiang Yunqing is now a well-known figure in Wuhan's business community.

Jiang Yunqing’s fame came from the textile industry involved in Hubei. An accidental "buying land" incident eventually led him to unwittingly contribute to the textile "predators."

In 1985, Jiang Yunqing, a Wenling native who had been abroad for six years and had a certain amount of savings, came to Hubei, where the provinces were all-inclusive. At that time, he had his own way and cooperated with a hardware bakelite factory in Ezhou. He had his own equipment, the other party went out of the factory building, and produced hinges, switches and other products. In this way, he was only 24 years old when he became the director, which also laid a solid foundation for him to accurately grasp the market.

Later, he noticed that fastener products were very popular in Wuhan, a famous industrial city. He immediately traded goods from Wenzhou, took cars, trains and ships and shipped them to Wuhan to sell. In the first year, he earned more than 200,000 yuan. In the second year, Jiang Yunqing changed the use of "birds* for cannons" to use trains. This business, he has been done in 1995. In doing this, Jiang Yunqing made a multimillionaire.

However, Jiang Yunqing, who began to become rich, could not find a good investment channel. On the one hand, due to increased competition and lower profits, he ended the fastener business; on the other hand, he has not yet found the next investment plan. I do not know where to go, he spent a few million dollars once, bought more than 600 square meters of commercial housing in Wuhan. However, people are always on the go, and looking around for business opportunities, he started rail trade again.

After less than a year of “free time”, Jiang Yunqing cooperated with the railway factory and specialized in the trade of coal, steel, and other materials. You can earn several million dollars in one year. However, Jiang Yunqing, who has seen land appreciation opportunities, has long focused on investment land.

In 2002, Jiang Yunqing bought 60 acres of land at Wuhan West Lake at a price of 50,000 yuan per mu. Today, the land price has risen to more than 500,000 yuan per mu. This alone, Jiang Yunqing made a net profit of 27 million yuan.

Jiang Yunqing first tasted the sweetness by investing in land. In 2003, after learning that a textile factory located in Anlu, Hubei Province, had to be restructured, and with the news that the plant and land had been transferred together, Jiang Yunqing decided to take another shot.

In August of that year, Jiang Yunqing, who had fought for more than a decade in Wuhan, and a partner jointly invested more than RMB 30 million to acquire Dean Cotton and Cotton Textile Factory (the predecessor of Hubei Anfengda Textile Co., Ltd.). This is a 128-acre enterprise with more than 1,000 employees and one of the key local enterprises. Two years later, Jiang Yunqing achieved a one-person shareholding operation.

The acquisition changed the original intention of Jiang Yunqing. He learned that Hubei is the largest production base for medical yarns in China and the output accounts for 70% of the country's total. Moreover, there is a large market demand at home and abroad, but currently there is no professional manufacturer. In addition, the requirements for equipment for the production of medical yarns are not very high, and the production equipment of his textile mills can fully meet the requirements. Jiang Yunqing decided to seize this opportunity to specialize in the textile industry. Soon, he positioned the restructured Anfengda company in the professional production of medical yarns, adjusted the product structure in time, and intensified the development of new products. The company began to produce high-grade combs from the original middle-grade combed yarns. The development of yarn, high-grade medical yarns, and high-grade knitting yarns.

Since its transformation in August 2003, the company has developed more than 40 kinds of new products, not only forming its own variety of characteristics, but also achieving product and market innovation, becoming the first company in Hubei that specializes in the production of medical yarns. “This successful transformation has avoided the similarity of products and has given us a competitive advantage in competition with other companies,” Jiang Yunqing said. At present, the “Qingxiu” brand pharmaceutical yarn produced by Anfengda has been rated as “the best-selling commodity in Hubei Province.” The products are also exported to Japan, Europe and the United States, and the market prospect is very broad.

Jiang Yunqing's enterprises have embarked on a fast-track development. In 2006, the production scale of “An Fengda” has reached 60,000 spindles, and the sales revenue of 99.11 million yuan has been completed. It has become one of the top five companies in Anlu City, Xiaogan. In the second half of this year, with the production of 40,000 spindles, the company's production scale has reached 100,000 spindles, with an annual production capacity of 13,600 tons and an output value of 200 million yuan. From the very beginning, he knew nothing about the textile industry, and inadvertently became the "crocodile" of Hubei textiles. Jiang Yunqing spent less than four years, making Anfengda Company stand out in the fiercely competitive textile industry. A miracle in the textile industry.