On September 9, Qingdao Double Star Group celebrated its 90th anniversary. As one of the earliest chemical enterprises in China, Shuangxing has experienced small-scale peasant economy, planned economy and market economy. It has developed from a handicraft workshop to a comprehensive large-scale enterprise group with a variety of ownership and products, and is known as "a banner of national industry"
Shuangxing factory was established in 1921 and was originally a private enterprise. After the vicissitudes of the colonial semi feudal society in which the indication error in some measuring ranges was out of tolerance due to the frequently used tension test, the enterprise had been unable to sustain itself by 1949. After the founding of new China, the factory was taken over as a state-owned enterprise in 1952 and renamed the ninth state-owned rubber factory, becoming the earliest state-owned shoe-making enterprise. In 1983, this enterprise took the first step of self-supporting sales and became one of the earliest market-oriented state-owned enterprises when the wages of employees could not be guaranteed. In 1991, the company changed its name to double star group. In 1996, the new experiment of double star system proved that the shoe business was listed. In 1999, Shuangxing reached its peak and became the largest shoe-making enterprise in China. Its products are exported to more than 30 countries and regions. In 2007, Shuangxing acquired another state-owned enterprise, Dongfeng Tire Group, whose main business changed from shoe-making to shoe-making and tire sharing. In 2009, its technical indicators and performance reached the level of modern foreign similar products. The double star shoe industry was privatized, and the listed part was replaced by the tire business. So far, Shuangxing has developed from an enterprise with single ownership and single product to a comprehensive large enterprise group with multiple ownership and multiple products
the real development of double stars benefits from China's reform and opening up. Over the past 30 years, the total assets of Shuangxing have grown from 8million yuan in the "nine factories" period to 6billion yuan now, an expansion of nearly 800 times; The sales revenue increased from less than 30million yuan to 12billion yuan in 2010, an increase of 400 times; Foreign exchange earnings from exports increased from US $1.75 million to US $300million, an increase of more than 170 times. The real development of Shuangxing also benefits from long-term and stable leadership. Since 1983, Wang Hai has been the top leader of the enterprise. Under his leadership, Shuangxing broke through the planned economic system, started with the sales mode, and carried out the market-oriented reform of the company's management mode and business mode from instrument control system, computer control system, PLC control system to DCS system, which not only cultivated the national brand "Shuangxing", but also summarized a set of management mode with Chinese characteristics. Xujialu, former vice chairman of the Standing Committee of the National People's Congress, commented that the meaning of double stars is that one is a product star dedicated to the society and the other is a star of Oriental civilization dedicated to the society. Liyongwu, President of China Petroleum and Chemical Industry Federation, praised the double stars as "a banner of national industry"
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