Wu Changjiang, the former chairman of the NVC Lighting and the head of the temporary operation committee, said that in some business ideas and methods, there are indeed differences between themselves and shareholders, and some differences are huge.
The following is a textual record:
Wu Changjiang: Hello everyone, the moderator just introduced some recent stories of NVC Lighting. This is also the enterprise, especially the development of our small and medium-sized enterprises, to grow, the important events encountered in the process of occurrence, some twists and turns, I think there are some commonalities for our entrepreneurship. Some time ago, I rarely accepted interviews from some media. Many of my friends also care about it. I also asked, I don't know what to say. I think this is a ugly thing, it is a disgraceful thing. Later, I turned to think, in fact, our company, we are a lot of entrepreneurs here, you think about whether you have encountered these problems during the development process, I have encountered, I think, you may not have an outbreak, no like NVC Such.
I have read a report some time ago, saying that a loving couple, how many times he will argue in his life, how many times he will divorce, I also think that there are some calm in my heart, let alone our company. When we work together, differences and contradictions are normal, not to mention the stories around us. Some couples, some fathers and sons, some brothers also have such problems. NVC's final ending should be said to be a better ending. We have not lost both sides, the enterprise has been destroyed, we have not yet reached this step, and we have not reached the step of the court. We can finally come together and solve it satisfactorily. Contribution to society. Because some time ago, the business world, including some universities, used our case of NVC lighting as research, discussion and analysis, so I said that we have experienced it, perhaps a lesson for current entrepreneurs and future entrepreneurs. Let future entrepreneurs have fewer twists and turns in the process of starting a business, pay less tuition and less toss.
Many friends asked me if you didn't regret it. Why did you introduce those investors and introduce investors like Goldman Sachs? Why do you want to go public? I said that I have never regretted it. Because I have a point of view, I had this view ten years ago. In the future, the competition of enterprises is a comprehensive strength competition, because NVC started late and survived in a highly competitive industry. We have a big dream, and we come up at the beginning of the business and do the industry first. I also have the same good dreams as all of our entrepreneurs. I want to realize this dream as soon as possible. In order to realize this dream, we must integrate resources as soon as possible. It is difficult to accumulate on our own.
So I introduced the investment, including the later listing, which is a prerequisite for us to integrate resources and quickly expand the enterprise. It is precisely because of this that we NVC lighting in a short period of 13 years, from a very small company, to the industry, You are welcome to speak at least on the scale. So at this point, I said that I have no regrets. Then there are such a situation, many of my friends also ask why you have such a situation, especially some time ago, we are all irrational, are exposing some of the ugliness, and adopting the way of street, so many friends may not understand, you Why this happens, it will lead to this, because they know that our shareholders are very influential and heavyweights in their own circles, so why are these things going out?
So some time ago there was a lot of sympathy, support, understanding, but there was a lot of misunderstanding, suspicion, and condemnation. What's more, some media speculations some time ago, saying that several of our shareholders are joining forces, is to do a bureau, is speculating on stocks, especially the different people outside their guess. In fact, I really want to tell you that this is the enterprise that is developing and the reform process often encounters some problems. For so many years between us, we are strategically consistent in some major directions. We want to make the company bigger, strengthen the enterprise, make the company a world-renowned enterprise, and bring greater returns to shareholders. The philosophy is the same.
In some business ideas, some methods, we do have differences, and some differences are huge. I often say that development in the enterprise is in a kind of change, constantly seeking development in change, without the step-by-step, unchanging development, can be so fast.
Our NVC is constantly changing and changing in just over a decade, so it is today. Then change, as our entrepreneurs, we all share the same feelings, because we see opportunities, as investors, especially some financial investors, they are looking at risks, so in these aspects, some of our contradictions have arisen. Because I have a point of view, there is no risk in the sky, and everything is risky. If you don’t dare to take risks, it’s hard to get bigger. How to control, but also fast, but also stable, this is what our entrepreneurs have to think about.
Today, especially when we are doing a certain scale, after some of our investors come in, he may be more hoping that the company can develop from a steady state, and there is no need to do too much risky behavior, so there is some conflict with my character. . For example, in the past two years, the whole global environment is not very good. We can still maintain about 30% growth last year. This year, we did 50% growth planning at the end of last year. In the end, there was only 10% growth on the board of directors. Later, It’s not bad that it’s the same as last year.
Therefore, there are differences in these aspects. On the other hand, in some management systems, some of our investors are educated by the West. Some time ago, some people accused me of saying that I have no entrepreneurial spirit. What do I often say? Calling the spirit of enterprise is not the spirit of the enterprise. We are honest in our Chinese enterprises. Many of them operate in accordance with the unchanging system and process. I feel that we must make some adjustments according to the Chinese culture and according to the development needs of the company. Because I grew up in the Chinese environment, I especially value the Chinese culture, this kind of human culture, because I feel very gratified. In the past few months, despite such problems, my team has retained and kept it. They are all sticking to the company and trusting the company.
So after we stopped, everyone quickly returned to normal, which is what many friends unexpectedly did. Let me give you a simple example. Our differences are very big. We have also quarreled for some small things. In fact, there is nothing big about it. It is small. They are in accordance with the system. I operate according to the company and manage it. Some cultural aspects of China are considered. For example, at the beginning of last year, we maintained a 50% growth in 2010. According to the habit of previous years, I was out of the management award before the Spring Festival. We did so well in 2010. Performance, because I promised with my brothers, I also followed the past practice and honored them before the Spring Festival. I hope that everyone will be happy when they celebrate the Spring Festival. It is such a small matter. Finally, he was severely criticized at the board meeting.
Later, I wanted to understand. As soon as they explained, I wanted to understand. This is a listed company. After the listed company is going to be audited, it is not that you said it. If you do, you can send it, after auditing. I said that we have been auditing since 2006, and our annual audit results are no different from our internal results. I said at the time that if the results of the audit differed from the audit results, it would be fine to get it back. They took this as a matter of principle. There are other systems that I have always wanted to understand. The Hong Kong Stock Exchange stipulates, for example, that I am the CEO, I am the president, I can not be a member of the remuneration committee, I said why, you know how each executive of the company is doing what they do. Kind, do you know? But the system is the system. The listed company stipulates that you have to implement it. Therefore, we are in conflict, and many problems are generated in this way.
Perhaps in the past, everyone's personality was relatively strong, and communication was too small, which led to such a contradiction in the previous period. Because everyone has a strong personality, they eventually become guilty. Well, this is also because everyone is very optimistic about us, because we can't reconcile, this company may be finished, we quickly return to good, this is what many people did not think, and many people ask me why, in fact, The first is very simple. Our interests are the same. This is what everyone said. Just like the interests you talked about, it is indeed that we are the same. We are like this. If we continue to make trouble, there is no winner, we are losers. Many of my friends have always been comparing the situation of NVC with that of a certain company in the past. This contradiction between venture capital has been in the past. The founders have been driven away. In the past, the NVC lighting was the same as them. Wrong, because NVC lighting is different from them. The contradiction between venture capital in the past led to the fact that the founders were driven away. Almost all the founders did not complete the investor's initial investment requirements, conditions, and let the company lose money. And we are not NVC, NVC has been doing so for many years, I am committed with all shareholders, I have done it, I let all shareholders get high returns, I let the company grow rapidly and do it today.
Therefore, this kind of contradiction occurs in this case, and the contradiction between the past and the venture capital is not the same, so everyone's interests are consistent.
Secondly, I think we are all adults. We should all have a sense of responsibility. We cannot use personal grievances and personal differences. Regardless of the interests of small and medium shareholders, regardless of the interests of employees, regardless of the interests of society. So just because we can come together, we talk about it together, and we have been working together for a few years. In fact, I think that there is no irreconcilable contradiction in the past. Without personal grievances, I think about the goodness of everyone in the past few years. I think that soon we can reach a consensus and we can come back together. If this matter is a storm of NVC, I can give you a reference. I feel that the deepest thing is that I hope that when you encounter this kind of thing, you will communicate more, communicate more, be active, and be tolerant. Everyone is communicating. In the process of working together, only through communication, communication, mutual tolerance, and mutual compromise, will these few twists and turns, less of these contradictions, thank you.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
The following is a textual record:
Wu Changjiang: Hello everyone, the moderator just introduced some recent stories of NVC Lighting. This is also the enterprise, especially the development of our small and medium-sized enterprises, to grow, the important events encountered in the process of occurrence, some twists and turns, I think there are some commonalities for our entrepreneurship. Some time ago, I rarely accepted interviews from some media. Many of my friends also care about it. I also asked, I don't know what to say. I think this is a ugly thing, it is a disgraceful thing. Later, I turned to think, in fact, our company, we are a lot of entrepreneurs here, you think about whether you have encountered these problems during the development process, I have encountered, I think, you may not have an outbreak, no like NVC Such.
I have read a report some time ago, saying that a loving couple, how many times he will argue in his life, how many times he will divorce, I also think that there are some calm in my heart, let alone our company. When we work together, differences and contradictions are normal, not to mention the stories around us. Some couples, some fathers and sons, some brothers also have such problems. NVC's final ending should be said to be a better ending. We have not lost both sides, the enterprise has been destroyed, we have not yet reached this step, and we have not reached the step of the court. We can finally come together and solve it satisfactorily. Contribution to society. Because some time ago, the business world, including some universities, used our case of NVC lighting as research, discussion and analysis, so I said that we have experienced it, perhaps a lesson for current entrepreneurs and future entrepreneurs. Let future entrepreneurs have fewer twists and turns in the process of starting a business, pay less tuition and less toss.
Many friends asked me if you didn't regret it. Why did you introduce those investors and introduce investors like Goldman Sachs? Why do you want to go public? I said that I have never regretted it. Because I have a point of view, I had this view ten years ago. In the future, the competition of enterprises is a comprehensive strength competition, because NVC started late and survived in a highly competitive industry. We have a big dream, and we come up at the beginning of the business and do the industry first. I also have the same good dreams as all of our entrepreneurs. I want to realize this dream as soon as possible. In order to realize this dream, we must integrate resources as soon as possible. It is difficult to accumulate on our own.
So I introduced the investment, including the later listing, which is a prerequisite for us to integrate resources and quickly expand the enterprise. It is precisely because of this that we NVC lighting in a short period of 13 years, from a very small company, to the industry, You are welcome to speak at least on the scale. So at this point, I said that I have no regrets. Then there are such a situation, many of my friends also ask why you have such a situation, especially some time ago, we are all irrational, are exposing some of the ugliness, and adopting the way of street, so many friends may not understand, you Why this happens, it will lead to this, because they know that our shareholders are very influential and heavyweights in their own circles, so why are these things going out?
So some time ago there was a lot of sympathy, support, understanding, but there was a lot of misunderstanding, suspicion, and condemnation. What's more, some media speculations some time ago, saying that several of our shareholders are joining forces, is to do a bureau, is speculating on stocks, especially the different people outside their guess. In fact, I really want to tell you that this is the enterprise that is developing and the reform process often encounters some problems. For so many years between us, we are strategically consistent in some major directions. We want to make the company bigger, strengthen the enterprise, make the company a world-renowned enterprise, and bring greater returns to shareholders. The philosophy is the same.
In some business ideas, some methods, we do have differences, and some differences are huge. I often say that development in the enterprise is in a kind of change, constantly seeking development in change, without the step-by-step, unchanging development, can be so fast.
Our NVC is constantly changing and changing in just over a decade, so it is today. Then change, as our entrepreneurs, we all share the same feelings, because we see opportunities, as investors, especially some financial investors, they are looking at risks, so in these aspects, some of our contradictions have arisen. Because I have a point of view, there is no risk in the sky, and everything is risky. If you don’t dare to take risks, it’s hard to get bigger. How to control, but also fast, but also stable, this is what our entrepreneurs have to think about.
Today, especially when we are doing a certain scale, after some of our investors come in, he may be more hoping that the company can develop from a steady state, and there is no need to do too much risky behavior, so there is some conflict with my character. . For example, in the past two years, the whole global environment is not very good. We can still maintain about 30% growth last year. This year, we did 50% growth planning at the end of last year. In the end, there was only 10% growth on the board of directors. Later, It’s not bad that it’s the same as last year.
Therefore, there are differences in these aspects. On the other hand, in some management systems, some of our investors are educated by the West. Some time ago, some people accused me of saying that I have no entrepreneurial spirit. What do I often say? Calling the spirit of enterprise is not the spirit of the enterprise. We are honest in our Chinese enterprises. Many of them operate in accordance with the unchanging system and process. I feel that we must make some adjustments according to the Chinese culture and according to the development needs of the company. Because I grew up in the Chinese environment, I especially value the Chinese culture, this kind of human culture, because I feel very gratified. In the past few months, despite such problems, my team has retained and kept it. They are all sticking to the company and trusting the company.
So after we stopped, everyone quickly returned to normal, which is what many friends unexpectedly did. Let me give you a simple example. Our differences are very big. We have also quarreled for some small things. In fact, there is nothing big about it. It is small. They are in accordance with the system. I operate according to the company and manage it. Some cultural aspects of China are considered. For example, at the beginning of last year, we maintained a 50% growth in 2010. According to the habit of previous years, I was out of the management award before the Spring Festival. We did so well in 2010. Performance, because I promised with my brothers, I also followed the past practice and honored them before the Spring Festival. I hope that everyone will be happy when they celebrate the Spring Festival. It is such a small matter. Finally, he was severely criticized at the board meeting.
Later, I wanted to understand. As soon as they explained, I wanted to understand. This is a listed company. After the listed company is going to be audited, it is not that you said it. If you do, you can send it, after auditing. I said that we have been auditing since 2006, and our annual audit results are no different from our internal results. I said at the time that if the results of the audit differed from the audit results, it would be fine to get it back. They took this as a matter of principle. There are other systems that I have always wanted to understand. The Hong Kong Stock Exchange stipulates, for example, that I am the CEO, I am the president, I can not be a member of the remuneration committee, I said why, you know how each executive of the company is doing what they do. Kind, do you know? But the system is the system. The listed company stipulates that you have to implement it. Therefore, we are in conflict, and many problems are generated in this way.
Perhaps in the past, everyone's personality was relatively strong, and communication was too small, which led to such a contradiction in the previous period. Because everyone has a strong personality, they eventually become guilty. Well, this is also because everyone is very optimistic about us, because we can't reconcile, this company may be finished, we quickly return to good, this is what many people did not think, and many people ask me why, in fact, The first is very simple. Our interests are the same. This is what everyone said. Just like the interests you talked about, it is indeed that we are the same. We are like this. If we continue to make trouble, there is no winner, we are losers. Many of my friends have always been comparing the situation of NVC with that of a certain company in the past. This contradiction between venture capital has been in the past. The founders have been driven away. In the past, the NVC lighting was the same as them. Wrong, because NVC lighting is different from them. The contradiction between venture capital in the past led to the fact that the founders were driven away. Almost all the founders did not complete the investor's initial investment requirements, conditions, and let the company lose money. And we are not NVC, NVC has been doing so for many years, I am committed with all shareholders, I have done it, I let all shareholders get high returns, I let the company grow rapidly and do it today.
Therefore, this kind of contradiction occurs in this case, and the contradiction between the past and the venture capital is not the same, so everyone's interests are consistent.
Secondly, I think we are all adults. We should all have a sense of responsibility. We cannot use personal grievances and personal differences. Regardless of the interests of small and medium shareholders, regardless of the interests of employees, regardless of the interests of society. So just because we can come together, we talk about it together, and we have been working together for a few years. In fact, I think that there is no irreconcilable contradiction in the past. Without personal grievances, I think about the goodness of everyone in the past few years. I think that soon we can reach a consensus and we can come back together. If this matter is a storm of NVC, I can give you a reference. I feel that the deepest thing is that I hope that when you encounter this kind of thing, you will communicate more, communicate more, be active, and be tolerant. Everyone is communicating. In the process of working together, only through communication, communication, mutual tolerance, and mutual compromise, will these few twists and turns, less of these contradictions, thank you.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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