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Xinhua News Agency continuously reports on the transformation and development of Shandong state-owned enterprises，Causing social concern。

May 29，；June 3，Xinhua News Agency also broadcasts "Weichai Group: Focus on its own "field" to achieve high-quality development"。

From Wanhua to Weichai，Shandong’s two major state-owned enterprises are dedicated seabet ioseabet ioto their main business，Insist on independent innovation，Strive for the commanding heights of science and technology，Seize the development initiative in the market trend，His experience of putting himself to death and living again，is a vivid interpretation of the transformation and development of Shandong state-owned enterprises，Writing a magnificent chapter in the history of my country’s enterprise development。

Shandong traditional industries account for 70%，Heavy industrial enterprises account for a considerable proportion，People vividly summarize Shandong’s industrial characteristics as “rough、Black、Heavy”，The Shandong economy, in which state-owned enterprises account for an important proportion, is called the "elephant economy"。Wanhua is a heavy chemical enterprise，Weichai also belongs to heavy industry，Successful practices of two major state-owned enterprises，Concerning the conversion of old and new driving forces in Shandong and promoting the high-quality development of our country’s economy，All have great inspiration and reference significance。

1. heavy elephant

Wanhua and Weichai were once two “heavy elephants”.

In the era of planned economy，The predecessor of Weichai Group - Weifang Diesel Engine Factory had several glories，However, in 1998，Has tens of thousands of people、Weichai, which has been established for more than 50 years, lost 300 million yuan，No salary has been paid for 6 months，People are distracted，On the verge of bankruptcy。

Wanhua’s development experience has been particularly bumpy。The predecessor of Wanhua - Yantai Wanhua Synthetic Leather Group，An MDI production facility with an annual output of 10,000 tons was completed and put into operation in 1983。But due to the difficulty of MDI production technology，Shortage of talents，R&D progress is slow，The business struggled in the following years，By 1997, workers’ wages could not even be paid。

Due to not mastering the core technology，The imported MDI device has been unable to operate stably since its completion。For this，In 1988, Wanhua negotiated with four foreign MDI manufacturers，Hope to introduce new technology and equipment。Negotiations lasted for 4 years，Wanhua people who have no experience in international negotiations not only allowed the other party to understand the actual situation of the Chinese market，And also opened the technical equipment for others to see。

Year，Both Wanhua and Weichai are facing a last-ditch battle，The dilemma of “win or perish”。

2． Stimulate endogenous motivation

"Mencius Li Lou Shang": "There are things that cannot be done，Seeking others instead。”

Under market economy conditions，If products like MDI and diesel engines want to break into the market，Everyone must occupy the commanding heights of science and technology，But "high technology with real market potential cannot be bought"。To obtain “high technology with market potential”，Rely on talents，Second reliance on incentive mechanism。In this regard，Wanhua and Weichai have taken a common path。

Wanhua Early R&D Staff

In order to encourage internal innovation，Wanhua Commitment，Develop new products and create profits，The company distributes part of its profits as bonuses to relevant personnel。Once，A team of engineers in the factory successfully developed a new product，And generate profit in the current year，Converted bonus of 920,000 yuan。The current chairman of Wanhua Chemical, Liao Zengtai, said: "It took us a month to decide。”Final decision，Company leaders do not participate in dividends，920,000 yuan distributed to 9 members of the R&D team，The engineer who led the team won 210,000 yuan。

“This bonus distribution caused a sensation at the time，You must know that the total annual salary of the entire factory was only 2 million yuan。"Liao Zengtai said，The incentive effect within the company is immediately apparent，Many talents are coming。Now，Wanhua Chemical’s R&D team is a team integrating basic research、Process Development、Integrating engineering and product application research，A full-time team of more than 1,500 people。 

In the final assembly workshop of No. 2 Factory of Weichai Headquarters，Technological improvements and creations named after employees abound (photo taken on May 22)。Photo by Xinhua News Agency reporter Zhang Zhilong

Weichai also has an innovative incentive mechanism，Increase investment in talents and scientific research。In the assembly workshop of Weichai headquarters，People will see technological improvements and creations named after employees abound。"Lisen injector and high-pressure joint automatic pressing unit" "Xia Xuejun cylinder head main bolt automatic tightening unit" etc.，This is the honor of innovators，It is also an inspiration seabet online casinoto seabet online casinocreators，Fully embodies the value of innovation and creation and the enterprise’s talent-oriented development concept。

Tan Xuguang said: "Talent investment is the most important capital investment。”In order to bring in the best talents at home and abroad。Weichai expands channels globally，Created a talent gathering highland。After years of cultivation，Weichai in Germany、Italy、France、United States、Japan and others have established a global collaborative R&D platform，Cumulatively trained and introduced dozens of national “Thousand Talents Plan” experts and Taishan series talents。

According to data provided by Weichai，Proportion of engine segment R&D investment in period expenses，32% from 2016 to 2018、36% and 40%。Nearly ten years，Weichai has invested more than 15 billion yuan in research and development of the engine segment alone。

3. Perseverance

Weichai Power won the first prize of the National Science and Technology Progress Award (file photo)。Published by Xinhua News Agency

“World-class entrepreneur，Must focus on the main business。”“Some entrepreneurs in China are doing this and that，It is impossible to succeed。”“Some companies don’t make money in business，Then use real estate to make up for it，This is not good！I invest everywhere，The government offered to allocate me commercial land，I haven’t even asked for one；I said you won’t make any money if you do your main business，Made money from real estate，Core competitiveness must be zero。”As understood，Every reorganization of Weichai is related to its main business，All extend along the main axis of power。

Look at Wanhua Group again，Decades，Wanhua focuses on isocyanate products。In December 1998, Yantai Wanhua Polyurethane Co., Ltd. was established in the MDI workshop，Successfully listed in 2001，Wanhua Group realizes the transformation of its main industry from light industry manufacturing of synthetic leather to chemical industry manufacturing MDI，Currently the only company in China that also owns MDI、TDI、ADI is an enterprise with independent intellectual property rights for a full range of isocyanate manufacturing technologies。 

4. Global perspective, strive for the first

Tan Xuguang said: "We started seabet live casinoseabet iofrom a local brand，Gradually grow into a Chinese brand、International brand，What do you rely on，Just fight for the first place。”

Strive for first place，Not limited to domestic，It is even more important to have an international perspective。Weichai engines have been introduced to Southeast Asia、South Asia、Middle East、North Africa、Europe、Main markets around the world including the CIS region。2009，Weichai acquires French Baudouin Power Company，Fills the gap in high-speed engines above 16 liters。Next，Weichai strategically reorganizes Italian Ferretti Group、German KION Group and Linde Hydraulics。2016，Weichai acquires Dematic of the United States。2017，Weichai Holdings American PSI Company。

2011，Yantai Wanhua acquires Hungarian Boside Chemical Company，Achieved the goal of having a production base in the competitor's main profit area。

Wanhua has broken the monopoly of international chemical giants in China's MDI industry，While exploring the international market。Ding Jiansheng, chairman of Wanhua Group, said: "After we develop in China，We will consider that we must implement a globalization strategy，Because we are a global industry。”2011，Yantai Wanhua acquires Hungarian Boside Chemical Company，Achieved the goal of having a production base in the competitor's main profit area。Currently，Wanhua has a new "three-step strategy": planned within 5 years，Strive to enter the top 20 global chemicals；Within 15 years，Entered the top ten global chemicals；Within 15 years，Become a world-class Fortune 500 company。

“Thousands of sails passed by the side of the sunken ship，Ten thousand trees spring in front of the diseased tree”。Wanhua and Weichai，Two "Once Heavy Elephants"，Now dancing lightly in the domestic and international markets，They are the benchmark for the conversion of old and new kinetic energy in Shandong，Is a model of independent innovation，Pointed out the path for the reform of many state-owned enterprises。

Source: Dazhong Daily