Here is Hushan Town, Laoshan District, Rizhao City, Shandong Province. When a reporter came here on October 29, Rizhao Steel 's production base was busy.
This is a newly built factory, which extends from the foot of the Aji Mountain to the Yellow Sea and covers an area of ​​nearly 10,000 mu.
Before 2002, the reporter visited this place several times. At that time, he looked around and looked at the green rice fields and stretched to the horizon. Today, everything has been replaced by a huge blast furnace and chimney.
This huge change is due to Du Shuanghua. The actual controller of the Rizhao Iron and Steel Group, who had been a low-key private entrepreneur, had just been ranked 14th last month by the latest Hurun Rich List with a net worth of 8 billion yuan. In the new Forbes Rich List released a few days ago, Du Shuanghua ranked 185th with 1.5 billion assets.
"Mu Lake"
The industrial and commercial information reviewed by reporters shows that Du Shuanghua is the chairman of Rizhao Iron and Steel Group.
According to media public information, Du Shuanghua was born in 1965 and entered the steel industry in 1987. Founded Jinghua Innovation Group Co., Ltd. in 1993 and is currently the chairman and general manager.
In the more than a decade since its establishment in 1993, Jinghua Innovation has grown from a small factory with an initial production value of less than 2 million yuan to a welded pipe leading enterprise with an annual output value of more than 8 billion yuan. Its speed is called "cyclone development, explosive development."
During this period, Du Shuanghua developed iron and steel projects in Beijing, Tangshan, Baotou, Laiwu, Guangzhou, Chengdu and Jilin. In 2005, Du Shuanghua’s Jinghua Innovation Group obtained more than 800 million profits.
When interviewed by the newspaper, Hurun revealed that when making the “100 List,†he estimated that with profit margins of around 10% and 7 times earnings, in the Jinghua Innovation Group, Du Shuanghua has personal assets of about 5.6 billion.
In 2003, local private iron and steel companies were building up their projects. Changzhou Tieben and Ningbo Jianlong had been building up in the heat. Du Shuanghua also saw this wave of steel prices.
Du Shuanghua set his sights on Rizhao City's Rizhao. In February 2003, Rizhao Steel was officially established.
In 2003, local private iron and steel companies were building up their projects. Changzhou Tieben and Ningbo Jianlong had been building up in the heat. Du Shuanghua also saw this wave of steel prices.
Du Shuanghua set his sights on Rizhao City's Rizhao. In February 2003, Rizhao Steel was officially established.
According to the website of Rizhao Iron and Steel Co., the head of the office of Rizhao Iron and Steel Company explained to the “2006 Steel Industry Research Group†(co-hosted by China Iron and Steel Industry Association, Fudan University and China Regulatory Steel Electronics Market) that went to Rizhao Steel on July 25th. Japan Iron and Steel started construction on March 31, 2003 and went out of iron on September 28 of that year. It took 181 days to set a miracle in the world steel industry and was called 'Japanese Steel Speed'."
The official data of the Rizhao City Government has a section entitled “Inviting Investmentâ€, referring to the Nisshin Iron and Steel project and saying: “Rizhao Iron & Steel plans to invest 20 billion yuan in total and produce 5 million tons of H-beam annually.â€
By 2005, Hurun had heard that the profits of the company had already reached 400 million. According to the 5% profit margin (because the added value of the project is lower than Jinghua Innovation) and the 7x price-earnings ratio, Du Shuanghua's assets in Japan Steel were about 2.2 billion.
As a result, a long-lost steel upstart emerged. With an annual output value of 8 billion, it has surpassed the old private steel company Shagang.
Today, in the Hushan Town, Laoshan District, where the Iron and Steel Group landed, from the start of construction in 2003 to less than four years in 2006, the steel plant has expanded into the Yellow Sea in the east, 204 National Road in the west, and Longwang River in the north. South to the foot of the Agen Mountain.
This nearly ten thousand mu of farmland is commonly referred to by the local people as “Mu Lakeâ€, which is described as being flat and open.
The reporter once visited this place many times before 2002. At that time, he looked around and looked at the green rice fields and continued endlessly.
Rizhao City Merchants Bureau's data show that the Japanese steel project "planned to cover an area of ​​11 square kilometers, is a large-scale iron and steel joint enterprise integrating sintering, coking, iron making, steel making and rolling. The registered capital is 220 million yuan."
11 square kilometers of planning area, about 16,000 acres of land. According to the reporter's investigation at the Rizhao Construction Site, at present, the area occupied by the existing plant area of ​​Rigang should be over 6,000 mu.
When the locals mentioned the construction of the Nisshin Iron and Steel Project, the most common sentence was: "Get on the train first and then buy tickets."
Rent to collect?
The villagers of Hanjiayingzi, Hushan Town, Laoshan District, Rizhao recalled that when they were “on the train,†it was a day in 2003 when all the villagers in the village were called by the head of the village and the party secretary announced that Rizhao Steel Group had It will occupy 1400 mu of cultivated land in Hanziyingzi Village.
At that time, the village party secretary said three things.
“The first is the key project, the superior leadership has already approved it, and the land must account for it; the second is that Rigang is a key project, and the village must respond to the call; the third is to rent the land, and the land rent is 1,000 yuan per mu, of which 200 yuan is The village committee left part of the collective income and the rent was adjusted every five years."
At that time, nearly 6,000 mu of arable land in 12 villages in Laoshan District was zoned into the scope of the iron and steel of Japan Steel. “There was a partial buyout, and most of the land was said to be rented first, and the lease period was 50 years.†Say.
According to the current land management system, enterprises requisitioned rural land through three basic approval procedures: one is the conversion of farmland, the other is land acquisition, and the third is land supply. Although the right to approve land acquisition is in the province and the State Council, the right to supply land is in cities and counties.
In accordance with the current "Land Management Law" and implementation rules, the right to approve or occupy basic farmland is vested in the State Council. However, the adjustment of thousands of mu of basic farmland to general agricultural land or non-agricultural land can be done by cities and counties.
The newspaper repeatedly contacted the Rizhao City Land Bureau for confirmation on this issue, and the Land Bureau declined to accept the interview.
The reporter has repeatedly contacted Japan Steel to verify the above facts. However, Nisshin Steel refused to accept the interview. The Chairman of the Board of Directors of the Group, Zhao Yongqin, said: “This is approved by the government and there is something for the government.â€
Large bank account
According to the materials available to reporters, the larger subsidiaries of Rigang Group include Rizhao Iron & Steel Group Holding Group Co., Ltd., Rizhao Steel Rolling Co., Ltd., Rizhao Steel Co., Ltd., Rizhao Steel Co., Ltd., and Rizhao Xinri Gas Co., Ltd. The total registered capital is about 550 million yuan.
According to a variety of investigations carried out by reporters, the Rigang Group has received a total of nearly 2 billion bank loans, of which the Bank of China has 1 billion in acceptance bill loans, nearly 500 million in project loans, and Rizhao Commercial Bank’s nearly 300 million in loans, and CCB is close to 2 Billion loans, ABC's short-term loans of nearly 200 million.
Since 2003, CCB, Bank of China, local commercial banks and other financial institutions have established credit relationships with Rigang in succession. In the second half of 2004, as the company entered a period of rapid expansion, the loans of several banks also increased rapidly.
An insider of a creditor bank told the reporter, “At present, it seems that this project of the Rigang Group is still good. Under the fierce competition, it is a big customer that everybody wants to win. If the project does not violate regulations, the return on investment should be very good. High".
The above-mentioned bankers said that the project will not have too many problems for at least two or three years. "And local governments are more supportive."
Rizhao "Iron Dream"
Rizhao, an emerging port city on the coastline of Shandong Peninsula, has excellent iron ore wharfs and is rich in water resources. Because of these unique advantages, from the earliest place of Shougang's relocation to the alternative city where Baosteel was built, to the implementation of the cooperation between Baosteel and Jinan Steel, the “Iron Dream†has always been the pursuit of the Rizhao City Government.
Before 2003, there was no ore business in Rizhao Port. In June 2003, Rizhao Port and Jinan Iron & Steel, Laiwu Iron and Steel, and other five major domestic iron and steel enterprises jointly formed Yongqiao Company, with a total investment of 1.7 billion yuan to build ore terminals. The establishment of a large pier has made Rizhao Port a significant development in the transport of metal ore.
In recent years, the Rizhao City Government has adopted port industry as a breakthrough to accelerate the city’s industrialization process in accordance with the development concept of “mutual interaction between cities and portsâ€, attracting a batch of investments such as senbo pulp and paper, Rizhao Steel, Xinliang Oil, etc. The billion-dollar port-related industrial projects have gradually settled in Rizhao, which has initially established the framework of the port industry.
There are not many pillar industries in Rizhao to build an industrial city. Rigang is the most suitable one.
According to sources close to the National Development and Reform Commission, the support for local government support from Rigang is due to Du Shuanghua’s steel group developing relatively fast in Hebei. “Rizhao is also planning a major development of a strong industrial city and wants to build a steel production value exceeding 10 billion yuan. enterprise".
Mori Paper Pulp and Paper is the largest investment project in Rizhao since the establishment of the city, but it is paper making, high pollution, it is difficult to make big, and the steel industry is bigger and easier. “Jilin Steel wanted to land in Rizhao, but due to various reasons, the examination and approval procedures had not been completed and it was finally over.†21st Century Business Herald
