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Shi Zhengrong's first bucket of gold of inspirational people story
The first bucket of gold: the market exploded rapidly

I think that no matter what you do, you have to have a peaceful mindset, and material wealth is just an add-on that goes along with entrepreneurship. The real sense of achievement lies in your actions to really realize your ideals, so the real wealth lies in the spiritual life of people.

Shi Zhengrong: money on production

In 1988, Shi Zhengrong, who had graduated from the Chinese Academy of Sciences with a master's degree in two years, obtained the qualification for public study, and began to study American culture and geography, and imitated the American accent with great anticipation of going to the United States to study. As it turned out, the 'quota to go to the United States was not available, and he was sent to the University of New South Wales in Australia, and he did not know where Australia was at that time. Later, while studying in Australia, he worked in a McDonald's restaurant.

In April 2000, has been in Australia to study solar energy Shi Zhengrong decided to go back to China to start his own business, he brought back hundreds of thousands of U.S. dollars, all the way from the south to the north, visited Shenzhen, Guangzhou, Hangzhou, Shanghai, Dalian, and many other cities of the entrepreneurs and government officials, and did not get a positive response, were to the cause of a very promising, but a half a beat early to politely decline. (Inspirational movie) the last stop, full of fatigue, cover up the loss of Shi Zhengrong to Wuxi, made a 3-hour report on the solar energy industry, Wuxi New District Management Committee, a deputy director of the excitement, we hope that scientists like you to come over to be the boss, you want to come over to do it, you have to be the general manager.

After arriving at the will to cooperate, the local 8 units in Jiangsu Province jointly funded $6 million, Shi Zhengrong to technology priced at $1.6 million into the shares, at the same time, in order to bundle the interests and risks, Shi Zhengrong also cash contribution of $400,000 dollars. Wuxi Suntech was established.

According to the budget, the initial design capacity of Suntech is 3 megawatts, but through the optimization of Shi Zhengrong designed more than 10 megawatts of capacity. Without asking for a penny more from shareholders, the capacity was more than three times larger. In order to save money, Shi Zhengrong also from the United States to buy high-quality second-hand equipment, construction of a production line. However, the four founding team members Shi Zhengrong brought back from Australia all left him within a year. Bigger difficulties were ahead. In early 2002, Wuxi Suntech began to face financial pressure, and it was hard to get loans from banks. In order to cope with the crisis, the company didn't even pay its employees for 2 months. Fortunately, after state-owned shareholders and the local government stepped in to guarantee the loan, Suntech finally got a loan from the bank.

In the second half of 2002, through frequent participation in various industry exhibitions, Suntech was able to obtain all the orders for 2003 in advance with the quality of its products with high conversion rates and prices 5% lower than those in the same industry. At this time, the company has not yet put into production, and familiar with the industry Shi Zhengrong and foresee the next 2 years of market outbreak, made a bold decision: increase production line. This risky decision, but also a symbol of Shi Zhengrong really from the scientists to entrepreneurs change, he found when the general manager of the feeling.

In September 2003, Wuxi Suntech officially put into production, and began to make a profit that month. The solar energy market, as Shi Zhengrong expected, is developing rapidly, thanks to the early layout, Wuxi Suntech sales reached 800 million yuan in 2004. 2005, after the settlement of the equity dispute, Suntech successfully listed on the stock market, the entrepreneurial 6 years Shi Zhengrong also really realized their own huge wealth value.