Founder and Chairman of Fuyao Group
Winner of the Outstanding Contribution Award between the United States and China
曹Chairman Cao Dewang was one of the first entrepreneurs to grow up after the establishment of the People's Republic of China through reform and opening up. He adhered to the manufacturing industry for more than 40 years and aspired to "make a piece of glass for the Chinese people". Through continuous exploration and practice, he led Fuyao from a small township factory in the southeast corner to a truly large multinational industrial group. He established parallel and collaborative production, sales, and research bases in 9 countries around the world and 16 provinces and cities in China, The product is selected by global automotive manufacturing brands and has the world's largest market share.
In addition, he was also the first person in China to propose and promote the talent exchange market, paving the way for revitalizing talent resources and promoting the healthy development of private economies; He was the first practitioner to introduce the independent director system, safeguarding the interests of shareholders and employees from the perspective of corporate governance; He is the first person to win the anti-dumping lawsuit, setting an example for Chinese enterprises to pursue commercial fairness in the international market; He is an active practitioner of national strategic policies, providing a Chinese example for the world from reform to "going global".
In today's world of diverse political, economic, and cultural development, he never forgets his original intention and fulfills his mission. He led Fuyao to pay more than 13 billion yuan in taxes and distribute more than 14 billion yuan in dividends to listed companies. At the same time, he adheres to the Chinese business culture of "combining righteousness and profit", actively providing advice and suggestions to promote the improvement of national competitiveness, and on the other hand, he personally devoted himself to social welfare undertakings, donating 11 billion yuan to society, Received honors such as "Outstanding Private Entrepreneur in the 40 Years of Reform and Opening up", "China Poverty Alleviation Donation Award", "Global Glass Industry Association Phoenix Award", and "Ernst&Young Entrepreneur Global Award", and is known by society as a representative of China's entrepreneurial spirit and the true first good in China.
Fuyao Group (fully known as Fuyao Glass Industry Group Co., Ltd.), registered and established in Fuzhou, China in 1987, is a large multinational industrial group specializing in automotive safety glass. In 1993, Fuyao Group's stock was listed on the Shanghai Stock Exchange, becoming the first listed company in the same industry in China. Its stock name is Fuyao Glass, with a stock code of 600660. In 2015, Fuyao Glass successfully listed on the H-share market with stock code 3606.
Since its inception, Fuyao Group has been determined to make its own high-quality glass for the Chinese people, be a good supporting role in the automotive industry, uphold the core values of "diligence, simplicity, learning and innovation", and adhere to the strategic path of independence, application research and development, openness and inclusiveness. After more than thirty years of development, Fuyao Group has established modern production bases and business institutions in 16 provinces and cities in China, as well as countries and regions such as the United States, Russia, Germany, Japan, and South Korea. It has also established six design centers in China, the United States, and Germany, with approximately 27000 employees worldwide. In 2018, Fuyao Group achieved a revenue of RMB 20.225 billion and a net profit of RMB 4.12 billion.
Nowadays, Fuyao Group has become the world's largest professional supplier of automotive glass, with products certified and selected by top global automotive manufacturers and major automotive manufacturers, including Bentley, Mercedes Benz, BMW, Audi, General Motors, Toyota, Volkswagen, Ford, Chrysler, etc.
Fuyao Group is also an active explorer and practitioner of high-quality development in Industry 4.0. The company leads development with intelligence, driven by innovation, and provides customers with a "soul" of glass through intelligent manufacturing. Its information technology and production automation are among the top in the global industry. In recent years, Fuyao Group has won various innovation honors and qualifications, including the "China Quality Award Nomination Award", "Intelligent Manufacturing Demonstration Enterprise", "National Innovation Demonstration Enterprise", and "National Enterprise Technology Center".
From 2001 to 2005, Chairman Cao Dewang led the Fuyao team to fight hard, spending over 100 million yuan for several years. They successively won two anti-dumping cases in Canada and the United States, shocking the world. Fuyao Glass has also become the first Chinese enterprise to sue the United States Department of Commerce and win the victory. In 2006, when the Secretary of the United States Department of Commerce visited China, he called on Cao Dewang.
For many years, Fuyao has insisted on investing huge R&D expenses every year. Today, some high-tech products of Fuyao Glass represent the highest manufacturing level in the world and possess independent intellectual property rights.
On September 14, 2019, Chairman Cao Dewang will personally attend the "40th anniversary celebration of the establishment of diplomatic relations between China and the United States and the 5th Outstanding Contribution Award Ceremony of the US China Investment Summit Forum" and deliver a keynote speech. Stay tuned!