Revelation Peng Xiaofeng Growth Experienced: Part 3

[Dialogue]

Peng Xiaofeng have subscribed to the "harsh" requirement

Wang Dehe disclosed to reporters Peng Xiaofeng his talks with the main contents of half an hour. He said, sum up, Peng Xiaofeng in half an hour, described an industry dream, and made two requests.

Asked Xinyu government supports 200 million yuan

Reporter: Peng Xiaofeng to what you raised two demands?

Wang Dehe: One is the need to ensure that "LDK Solar" production of power for 24 hours; Second, the government needs the support of 200 million yuan of funds.

Reporter: 200 million yuan capital investment may small, how do the event of failure? Then how you think?

Wang Dehe: 200 million yuan, Xinyu, is not a small number, in 2004, annually, Xinyu financial revenues only 1.8 billion yuan or so. Can produce 200 million yuan is a problem, more importantly, will this huge sum of money loaned to a private enterprise, once the problems, my great political risk. However, in order to seize the opportunity, you must take risks. However, I watched the "LDK Solar" procurement polysilicon films equipment orders before the money allocated to them.

Reporter: This 200 million yuan of funds is how to resolve?

Wang Dehe: to gather sufficient support this 200 million yuan government, headed by me personally find Jiangxi Province International Trust and Investment Corporation, as we are the old customers, Jiangxi trust of our very confidence, we secured Xinyu City Financial, issuing trust products financing 100 million yuan. The remaining 100 million yuan, they must be rigged up, Xinyu City Financial raise the tens of millions of yuan, Jiangxi provincial financial department to support a part of, and then lend the Xinyu 30 million yuan.

"LDK Solar" miracles due to positioning accuracy

Reporter: two years, the establishment, construction, the New York market, and Asia's largest provider of polycrystalline silicon film. Do you think that the "LDK Solar" Why create this series of myths?

Wang Dehe: First of all, because of Peng Xiaofeng accurate strategic choice. At that time, this industry Although China has had some solar electronics makers, such as Suntech-Power; also had some solar assembly plants, such as the Canadian solar companies. However, in the upper reaches of the industry chain, silicon of this link into the enterprise not much. This should be our very fortunate thing. The strategic choice, the LDK choose the first step in a very correct move, forward-looking; Another is that Peng Xiaofeng human resources input.

Reporter: back again before the decision, you afraid of?

Wang Dehe: This year in July, "LDK Solar" After one month after the successful listing will be 200 million yuan loan company with interest in full restitution Xinyu city, I take the risk of a successful conclusion. Looking back on the development of the whole thing, is a bit mean, certainly there are risks listed unsuccessful. It can only do we actively explore a victim of industrial development.

[Scores]

"LDK Solar" is expected to contribute to 2001 revenue 3.6 billion

This year, on June 1, the LDK Solar success of the New York Stock Exchange in the United States, the history of China's enterprises in the United States issued a single one of the biggest IPOs.

According to Wang Dehe, currently "LDK Solar" already has 1,000 megawatts of polysilicon film production. According to the board by the end of July in the United States released the information, to 2009, "LDK Solar" to reach 1,600 megawatts of capacity than the original plan three years ahead of time.

Wang Dehe operator has been an account, if the 6 percent tax levy, "LDK Solar" an annual output value of 60 billion yuan, can contribute Xinyu tax 3.6 billion yuan, which is equivalent to that the government borrowing 200 million yuan of security 18 times. In Wang Dehe plan, then, Xinyu there will be more funds to support such as "LDK Solar" such enterprises developed.

Source: 信息日报 Deng Qiuyan & Zhong Jinping & Wu Xinrong Oct. 10, 2007

Link:
Revelation Peng Xiaofeng Growth Experienced: Part 1
Revelation Peng Xiaofeng Growth Experienced: Part 2
Revelation Peng Xiaofeng Growth Experienced: Part 3