State-owned investors cleaning electronics giant solution CEC four in one project

The evening of August 1st, the SASAC official website quietly hang out a report entitled "on the China Electronics Corporation and other 6 enterprises reorganization bulletin", bulletin announced: the China Great Wall Computer Group Corporation merged with China Electronics Corporation, after the reorganization of the China Great Wall Computer Group Corporation revoked.

So far, China Electronics (CEC) and the Great Wall Group restructuring news officially settled. In less than 50 words of the notification, the SASAC did not disclose further news of the merger.

Interestingly, in the the Great Wall group of four listed companies, only the the Great Wall of science and Technology (0074.HK) on the morning of August 2nd issued a "parent company of the Great Wall group will be incorporated into the China Electronics Group" announcement, the Great Wall computer (000066.SZ), the Great Wall information (000748.SZ) and A (000021.SZ) technology are on the same day issued to clarify the announcement: the company has not yet received recombinant information, with the further deepening of the reform of state-owned enterprises, the future does not rule out the possibility of the Great Wall group and other state-owned enterprises restructuring.

The afternoon of August 2nd, located in Xueyuan Road's the Great Wall headquarters deserted: from the front to the core office area, the reporter has not met a people on both sides of the aisle; small conference rooms are closed, many more luxurious office furnishings is empty; in the core office area, huge office only a few people, all departments the personnel on duty.

"I know the news from the Internet in the morning." Group office is responsible for sending and receiving files on duty staff told reporters that she had not received the relevant documents and the reorganization, "we still work, because few people recently engaged in education on Party members'advancement, many people are listening to." The Great Wall group website, a photo of the most eye-catching place hanging chairman Chen Zhaoxiong presided over the advanced sex education lectures.

The first step of "four in one"

Chen Zhaoxiong into the the Great Wall group is actually preparing for the reorganization." A senior panda in Nanjing told reporters that the Nanjing panda is also on the list of companies that have restructured CEC.

May 14, 2004, Chen Zhaoxiong, former vice president of CEC officially succeeded Wang as chairman of the Great Wall group.

The reason why the state-owned personnel arrangements, the purpose is to prepare for the the Great Wall group into China electronics." A person close to Chen Zhaoxiong also confirmed to this newspaper, "in the Great Wall and CEC merger, Chen Zhaoxiong is one of the main surgeon who."

After entering the the Great Wall group, Chen on the entire the Great Wall group conducted a strong change:

First, the reorganization of its industry. The Great Wall group, an internal data show that in 2004, under the leadership of Chen Zhaoxiong, the Great Wall group's Guilin, the Great Wall and other financial software enterprise assets revitalize; while closing the Beijing the Great Wall computer development company, Beijing sky leasing company four can not continue to operate the enterprise; and in Shenzhen, Fred, Edward the southern Shenzhen the Great Wall information, four companies were integrated.

On the other hand, Chen Zhaoxiong changed the the Great Wall group insisted for years "the Great Wall" line, and vigorously promote the "the Great Wall brand" plan, the Great Wall group's branches complex sub brands are unified to the "the Great Wall" brand. For example, had been transferred out of the listed company of Hunan computer, after the return to the Great Wall group soon renamed the "the Great Wall", there is news that another listed company is renamed deep science and technology plan.

Thirdly, it is to adjust the group management structure. To strengthen and enrich the strategic planning department, business management department, the Audit Department of the Ministry of supervision and other core business, and began to open recruitment within the group of middle-level cadres; and some back office were compressed, such as the general office and the office of Party committee office, the Ministry of human resources and old cadres Department offices.

In a strong reform Chen Zhaoxiong, the Great Wall group impressive performance in 2004, turnover reached 11 billion 419 million yuan, compared to the same period in 2003 11 billion 110 million increase of about 2.78%; net profit of 200 million yuan, compared with 178 million in 2003 increased 22 million yuan; earnings per share was 16.7 points, 14.8 points higher than in 2003 also increased slightly.

"How much do you want to clear the problem and then re - organize the taste." These people close to Chen Zhaoxiong said, the reform of the Great Wall group's business is actually conducive to the subsequent reorganization of the CEC."

In April this year, a merger and acquisition of state-owned assets to the CEC led program. Mergers and acquisitions include the Great Wall group, Putian group, CLP Group (CECT), the goal is to make the integration of the CEC has become the first in the field of information industry 'national' 500 companies in the world." The person said, "Chen Zhaoxiong is also one of the surgeon who report."

The source said, because CEC (former Ministry of electronics industry director) and Putian group (the former Ministry of Posts and Telecommunications supervisor) before the Ministry of information industry was established in different ministries, the "four" program in the comments encountered resistance, "with CEC and the Great Wall group is only the first step, the intention of the SASAC is bigger the same field is not strong, there might be several companies."

As for the specific restructuring steps CEC and the Great Wall group, CEC vice president Tong security refused to disclose the details of the situation in an interview with reporters, has not yet received a formal notice of the group, inconvenient speech." CEC Information Technology Research Institute of integrated circuit technology director Chen Yin told reporters that the specific restructuring plan will be announced on August 20th. Previously, CEC general manager Yang Xiaotang also revealed a similar message.

As for the 6 companies in Nanjing and