Shulou(Shulou.com)11/24 Report--

In July 2022, Zhilu Jianguang Consortium officially took over 100% equity of Ziguang Group, announcing that the reorganization, which took two years and involved 100 billion yuan of creditor's rights, officially landed. In the past year, this 100 billion-scale Chinese high-tech enterprise with more than 200 enterprises has affected the nerves of the industry with every move.

    After the completion of the reorganization, the management of Ziguang Group has rarely spoken. In August this year, Dr. Chen Jie, co-president and member of the Executive Committee of Ziguang Group, said for the first time that "it is necessary to adjust the development strategy, standardize and perfect the management system, enhance the scientific and technological innovation strength, perfect the industrial chain construction, and integrate the workload with great challenges." Fortunately, the management team and all employees worked hard together."Good achievements have been made in the past year, which meets expectations."

    Chen Jie has presided over many major national science and technology projects. In the 1980s and 1990s, he served as senior director of research and development of Japanese chip companies and associate professor of Japan's National Electric Communication University. He personally experienced the whole process of Japan's semiconductor industry from its heyday to its decline. After fully absorbing the development experience of overseas industries and large enterprises, Ziguang Group will pay close attention to the industrial development trend, continue to increase R & D investment, continuously improve technical strength, strengthen internal industrial coordination and innovation, and gradually realize the development goal of "becoming stronger and bigger."

re-launch

    The overall revenue increased by nearly 20%, the profit increased significantly, the overall loss turned into profit, the cash flow was in good condition, the interest-bearing liabilities decreased to about one-third of the original, basically in a relatively healthy range... This is the answer handed over by the new management and all employees of Ziguang Group in the past year.

    Over the past year, various industrial companies affiliated to Ziguang Group have also produced a number of important scientific and technological innovation achievements and innovative products with competitive advantages. Among them, listed echelon, Ziguang shares and Ziguang Guowei continued to achieve steady growth. In addition, Ziguang Zhanrui realized revenue of nearly 14 billion yuan, with an annual growth rate of more than 20%, shipments of 5G Internet of Things products increased by 146% year-on-year, and sales revenue of smart phone business increased by 50% year-on-year. Ziguang Zhanrui also completed the world's first 5G satellite Internet of Things satellite measurement based on R17IoTNTN standard, successfully verifying the commercialization of satellite Internet of Things technology. Xi'an Ziguang Guoxin successfully developed a new generation of multi-layer array heterogeneous integrated embedded DRAM (SeDRAM) technology, and Ziguang Xinneng launched ASIL-D high-end power domain control chip.

    The management of Ziguang Group, including Chen Jie, commented that Ziguang Group and Zhilu Jianguang Holdings had carried out in-depth industrial cooperation and initially formed an innovation consortium "New Ziguang System" covering important industries such as semiconductors, digital economic basic hardware equipment, cloud services and digital solutions, further enhancing the scientific and technological innovation capability.

    The Group implemented the strategic plan of "large R & D, large manufacturing and large market," promoted technological innovation and domestic and foreign cooperation, and carried out work around key contents such as standardizing operation management, improving operation efficiency, strengthening scientific and technological innovation and enhancing product competitive advantage. The phased achievements achieved were fully reflected in the Group's operating performance in the past year.

    It's not always easy to sail again. In the past period of time, problems such as unclear ownership of debt and minority equity of Ziguang Group have caused misunderstanding among the outside world. "Our basic principle and way of dealing with these problems left over from history is to face up to the problems and deal with them in accordance with the law. "Chen Jie said that enterprises will always encounter various problems and challenges in their development. First, they should face up to the problems, investigate and analyze the causes and nature of the problems, and then adopt a pragmatic and scientific attitude to improve management level, enhance scientific and technological innovation ability, and continuously improve product competitiveness and service to solve new and old problems.

    In fact, at the beginning of the reorganization, the new management had insight into some of the problem "sticking points." Therefore, different from the multi-holding positioning of the old Ziguang Group in the past, in order to meet the development needs of the leading industrial group in the field of intelligent science and technology, the new Ziguang Group has adjusted the organizational structure of the Group and established three headquarters: business headquarters, enabling headquarters and management headquarters. At the same time, according to the industry characteristics, operation scale, product attributes and growth stages of each industrial company under the Group, eight business segments were set up to strengthen vertical management, give full play to the leading role of the three headquarters of the Group under the new structure, and promote the implementation of Ziguang Group's positioning as a leading intelligent technology enterprise.

    Among them, the establishment of the Group's enabling headquarters is a powerful way to solve the "crux" of the Group's inability to digest and integrate in the past. According to Chen Jie, the Group's enabling headquarters has initially determined seven key research directions, and the integration of R & D resources and team building are steadily advancing.

create value

    With the dust settling of the reorganization work and the orderly progress of related affairs, in just one year, the old business model that led to the predicament of Lao Ziguang in the past has been abandoned and replaced by the contrasting long-term stable business concept of "Zhigao Xingyuan, Creating Value" and the development goal of "Light of Science and Technology Creating a Better Life."

    Driven by new ideas, new goals and new culture, the listing timetable of Ziguang Group's subsidiaries has been repeatedly discussed in the capital market. According to Chen Jie revealed, Recently, Ziguang Guoxin has completed the share reform, Will go to the capital market; Ziguang Zhanrui is orderly carrying out a new round of capital increase work, A group of powerful investors optimistic about Zhanrui in mobile communication, automotive electronics, AI multimedia processing and other key technology fields outstanding innovation ability and long-term stable market position, Express strong investment interest.

    From the perspective of enterprise texture, whether it is Ziguang Guoxin or Ziguang Zhanrui, they are the best in their respective sub-fields in terms of R & D capability or market share.

    "listing an enterprise as a public company is a normal part of enterprise development. After listing, enterprises should bear greater social responsibility while obtaining social capital support. "Chen Jie said that the intelligent science and technology industry with semiconductors as its core is a hard science and technology industry with great development potential and high social contribution, which needs to have a long-term vision to invest. The Group encourages its affiliated industrial companies to continuously improve their technological innovation capabilities, develop innovative products, provide quality services, actively embrace the capital market, and achieve long-term stable development.

    At the same time, Ziguang Group also pays more attention to scientific and technological innovation under the framework of open cooperation at home and abroad. New Ziguang Group no longer adopts the simple mode of "buy and buy," but realizes technological innovation and steady development by focusing on main business, increasing R & D investment, optimizing industrial structure and strengthening supply chain management.

    "With regard to mergers and acquisitions, we do not reject them, but we will not act rashly. We will conduct rational evaluation according to the development needs of our business. "Chen Jie said.

    At present, New Ziguang Group has established joint ventures with more than ten top technology enterprises in the world such as Intel, HP and Western Digital, with branches in more than 60 countries and regions around the world, and its products and services cover more than 100 countries and regions. Many CEOs and government officials of international head enterprises have also expressed strong interest in the new Ziguang Group and discussed industrial cooperation.

to become stronger and bigger

    The semiconductor industry has always been an extremely broad market. However, because the industrial chain is long, the technology is intensive and complex, and the capital that needs to be invested is quite considerable, resulting in the overall dispersion of the industry, and very few enterprises can make achievements in many links.

    How to avoid being scale oriented in the process of growth and development? Chen Jie said frankly,"It is necessary to focus on all important links in the industrial chain and continue to carry out research and development and innovation work. Some enterprises pursue 'bigger and stronger', while others pursue' stronger and stronger'. Both have their own reasons. For the semiconductor industry, I personally think that 'stronger and bigger' is more suitable for the characteristics and development laws of this industry. "

    According to Chen Jie, who has rich experience in overseas industry and academic circles, the prosperity of Japan's semiconductor industry is due to the stable chip demand provided by a number of "specialized, refined and special" small and medium-sized enterprises focusing on important links of semiconductor industry chain, and large-scale electromechanical IDM enterprises represented by Toshiba, Mitsubishi and Hitachi at the initial stage of development.

    The expectation of Ziguang Group is to cultivate deeply in the industry field it is engaged in, become a strong player in this field through technological innovation, and then gradually develop and grow.

    Talent is the root of supporting "strengthening." Chen Jie concluded that the underlying logic of Japan's strong semiconductor industry is that Japan has provided a free and stable academic environment for researchers to devote themselves to their studies in the decades after the war. University researchers can aim at one direction and do research for decades according to their own interests and hobbies. Therefore, a large number of scientific research achievements affecting the whole world have been produced.

    Ziguang Group is a large-scale hard science and technology industry group covering a wide range of semiconductor chips and digital economic infrastructure in China. It has branches in many places around the world and absorbs tens of thousands of technical experts and engineers engaged in technological innovation and product research and development. And every year, a large number of outstanding graduates join Ziguang Group and quickly grow into the backbone of R & D. After the completion of the reorganization of the Group, Chairman Li Bin proposed to solve the outstanding equity incentive problems of subordinate industrial companies for many years as soon as possible, so that the employees of the enterprise could share the development achievements of the enterprise according to their contribution degree.

    In addition, the slowdown in the development of Japan's semiconductor industry in the late 1990s also alerted Ziguang Group. "Decades of accumulated scientific research achievements have enabled Japanese companies to still have strong competitive advantages and irreplaceability in core product technologies such as semiconductor equipment, components and materials. "Chen Jie sighed, but he was pampered and stuck to the rules. He did not adjust his business strategy in time. He did not integrate global resources in an open and cooperative way. He did not keep up with the pace of development in the digital information age. He would still gradually lose the competitive advantage of electronic information products and semiconductor manufacturing industry. To develop the semiconductor industry, we must face the world, carry out basic research and innovative research in an open and cooperative manner, and carry out product research and development and optimization iteration for a long time. Only in this way can we keep up with the development trend of the times and develop and grow stronger.

    At present, the new Ziguang Group has already owned a number of leading enterprises in China in the fields of mobile communication chips, automobile electronic chips, packaging and testing, and even upstream and downstream of the semiconductor industry chain. While accelerating to catch up with the world's leading level, it will also provide forward-looking application traction for semiconductor technology research and development.

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