Chai Yongsen, Chairman of Double Star Group, attended the China Top 500 Summit Forum and delivered a speech

2018 China Top 500 Enterprise Summit Forum was held in Xi'an

Wang Zhongyu, vice chairman of the 10th National Committee of the Chinese People's Political Consultative Conference, president of the China Enterprise Confederation, deputy secretary of the Shaanxi Provincial Party Committee, Liu Guozhong, governor of the State Council, and Weng Jieming, deputy director of the State-owned Assets Supervision and Administration Commission, attended the meeting. Chairman of the Party Committee and Chairman of the Double Star Group , Chai Yongsen and Chairman of Greenland Holdings Group Zhang Yuliang, Vice Chairman of Haier Group Board of Directors, President Zhou Yunjie, Chairman of Weichai Holding Group Tan Xuguang, General Manager of China National Automobile Group Sun Yongcai and other big coffee entrepreneurs attended the forum To make suggestions for the innovation and development of large enterprises in the new era.

World-class Enterprise Best Practice Roundtable

As a guest, Chai Yongsen also participated in the "World-class Enterprise Best Practice Roundtable" special event, and discussed the world-class enterprise evaluation index system with dozens of China and the world's top 500 companies including China CRRC, BAIC and Samsung. Further strengthen the cooperation consensus among enterprises. And at the forum of “Management Wisdom of Chinese Entrepreneurs under the Reform and Opening-up”, he delivered a keynote speech entitled “Transformation from Wisdom to Acquisition of Kumho Tire”, which was carried out from the development of Double Star, the transformation of wisdom, and the acquisition of Kumho. Famous experts, professors and entrepreneurs at home and abroad have exchanged experiences and exchanges.

Guest Chai Yongsen delivered a keynote speech entitled "Transformation from Wisdom to Acquisition of Kumho Tire"

For the development of Double Star, he pointed out that Double Star is an old state-owned enterprise with a history of 97 years and the only state-owned main board listed company in the tire industry in Shandong Province. Before 2002, the main shoes and clothing were made. In 2008, shoes and clothing were restructured into private enterprises. After the industry adjustment, transformation and transformation, focus on the tire industry. In 2014, the company launched a new journey of “Secondary Entrepreneurship, Creating a Double Brand World Brand”, eliminated over 60% of backward production capacity, and established the first full-process “Industry 4.0” intelligent factory in the global tire industry. In five years, the company changed from “sweat type” to “smart type”, and cultivated three new industries of intelligent equipment, industrial robots and waste tires. On July 6, 2018, it officially acquired South Korea's Kumho Tire, becoming the world's tenth largest tire company in China.

For the transformation of wisdom, he elaborated on three levels: what, why, and what to do. He pointed out: What is it is to establish an ecosystem of user command, data-driven, software operation, create a smart world of universal perception, all things interconnected, and interact with everything, and realize the integration of service 4.0, R&D 4.0, and industry 4.0. From satisfying demand to discovering demand to creating demand. Why, from the Chinese tires San Mi, the three lows, the status quo of the double star at that time, the opportunity of the fourth industrial revolution and the three aspects of the German Industrial 4.0 model. What to do, from the five concepts of transfer concept, mode adjustment, capacity, brand creation and system construction, introduces Double Star to strive for the world famous automobile after-market service providers by exploring innovation and leading the model. At the same time, he also combined the brand, efficiency, new kinetic energy, status, and recently listed in the "cultivation and development of world-class enterprises" and state-owned enterprise reform "Double Hundred Actions" plan, etc., further introduced the effect of the transformation of the dual-star wisdom.

For the acquisition of Kumho Tire, he has won the attention and reports of more than 400 mainstream media in the world from the initial international bid, the final capital increase holding, the community, especially the trade unions from strong opposition to active support, and the acquisition of Jinhu by Double Star. The global image and status and synergies of the company introduces this world acquisition, which has been called “the most tortuous, most magnificent and most bizarre” after two years.

Finally, Chai Yongsen shared his feelings. He said that without reform and opening up, no prosperity of the motherland, no support from all walks of life, no dual-star wisdom transformation, no double-star innovation and entrepreneurship, there can be no double stars today, and it is impossible to acquire Kumho tires. Double Star's acquisition of Kumho Tire is a new starting point for the second venture of the Double Star, not the end. The reform does not stop, open without stopping, become the vanguard of high-quality development, continuously improve international competitiveness and international influence, strive to create world-class enterprises, and contribute to the reform and development of China's economy and society.

It is reported that the China Top 500 Enterprises Summit Forum was jointly established by the China Enterprise Confederation and the China Entrepreneur Association in 2002. It has been held for the 17th consecutive year and is an important platform for large enterprises and local governments to build consensus and cooperate. In this forum, the China Enterprise Confederation and the China Entrepreneur Association jointly issued a list of 2018 Chinese companies and 500 Chinese service companies.

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