Li Mingbin: From 2,1600 yuan to billionaires


At present, there are more than 2,000 companies with a small scale in Dongguan, and at least 30 companies with assets of over 100 million. Almost all industries are involved.

The tall and sturdy body, the face of the Chinese character is filled with a simple and confident smile, and the eyes are modest and wise. In the conversation with the reporter, the "king of high temperature wires" appeared very affinity. Talking and laughing, the reporter learned that the Confucian merchant had been working in the south from Guangdong in 1993. He founded his own business on his own, from Sichuan farmers to an ordinary migrant worker, and achieved the current Dongguan Xinxin Transmission Technology Co., Ltd. The chairman of the company started from the initial 2,1600 yuan, and now the output value exceeds 100 million yuan. It ranks among the top in the field of unconventional high-temperature special cable production in the country, and has been listed for more than two years.

Working for my wife

In 1967, Li Mingbin was born in a small mountain village in Nanya Town, Kai County, Chongqing. Both parents are ordinary peasants. Li Mingbin went out to work in Jiangsu, Hunan, Shanghai, Shandong and other places. He worked as a bricklayer and construction worker. He also learned to make tofu and open tractors. He has been doing fruit and vegetable transportation for several years. After the business, after years of hard work, he has created his extraordinary business mind. In 1993, Li Mingbin’s wife came to work in Humen, Dongguan. He also followed and worked as an ordinary worker in a hardware electronics factory.

Was cheated by fellow villagers to Chang'an

"At the factory in Humen, my basic salary is 12 yuan per day, which was already relatively high at the time." But for doing business, he does not meet the salary of 12 yuan per day. At the end of a certain year, Li Mingbin came to Chang'an Jinyu Hardware Factory with his fellow villagers. With a hard work and hard work, he completed the production of many people in the same month. Only one week later, he realized that the factory was implementing “timely wages.” On average, his daily salary was only about 7 yuan, and there was no previous factory high. . He found the above manager's theory "pros and cons" and proposed to implement piece-rate wages throughout the plant. In the midst of the shock, the factory executives left him with an exception and implemented the “piece-rate wage” system. After less than a time, the management promoted him to the squad leader and began to train him. After the second year, he has been a squad leader, leader, supervisor, and has always been a manager. In the intensive training and experience accumulation, the awareness of technology, management, and business has gradually matured.

In a word, let him stand on his own

At that time, he was in the factory and had several jobs, but the salary did not increase because of the increase in workload, but he did the same. Six years later, due to various reasons, the owner of Jinmeng Hardware Factory decided to give up the factory, find Li Mingbin to help handle the inventory, and encouraged Li Mingbin to develop his own business, and also gave him all the original office equipment. The boss asked him: "Make more money to earn money for others. Have you ever thought about when you will be your own boss?" "I also want to do my own business and see when you give me a chance." Li Mingbin smiled. Answered. "Do you have money?" "No." "What do you want to do?" "Rely on you." "How much money I need, I can lend it to you." "No, you only need to help me when the monthly payment is made." "Okay, no problem." Li Mingbin recalled that before his company was founded, he found the boss and had such a dialogue. It was because of this conversation that Li Mingbin had the courage to get out of the career. step.



From 2,1600 yuan to billionaires

In this way, Li Mingbin and his wife took out all the savings of 2,1600 yuan and started their own entrepreneurial road. At that time, I rented a private house and set up the Dongguan Changan Rixing Electrical Equipment Factory. A farmer’s own business was born, and became a professional enterprise engaged in wire and cable, electrical materials, electronic raw materials, electrical accessories and lighting components. At that time, the company had only three people, me, my wife, and a colleague from my original company. After a period of hard work, it achieved internal and external expansion of the business and achieved rapid development. In October 2000, it was officially registered as Dongguan Rixin Wire Industry Co., Ltd.

In September 2003, Dongguan Rixin Wire Industry Co., Ltd., located in the sixth industrial zone of Changsha Shangsha, was fully operational. At the beginning, there were less than 50 people, mainly doing Teflon cable, silicone rubber (10795, 255.00, 2.42%, bar) cable and wire harness processing products. In less than one year, the factory added engineering technology research and development center. Mainly engaged in high-end unconventional special line, specializing in high-definition digital TV cable, flame-retardant low-smoke halogen-free network cable, advanced speaker cable, special building line, aviation locomotive ship internal connection line, lighting electrical internal connection line and various temperature sensors We will develop high-tech wire rods and move towards diversified high-tech enterprises. So in 2005, he won the provincial high-tech enterprise. In 2006, he added a production base in Ningbo. In 2007 and 2008, he won the Dongguan Patent Gold Award for two consecutive years. At the same time, he obtained more than 600 US UL certifications and 19 German VDE certifications. China CCC With 7 certifications, the company has passed ISO9000, ISO14000, TS16949, QC080000 and UL ROHS environmental labeling system certification. In August 2008, the company was officially reorganized into Dongguan Rixin Transmission Technology Co., Ltd., and obtained the AAAA-level standardized good behavior enterprise.

Abandoning the grain and continuing to write brilliant

Opportunities are hard to come by and are fleeting. Whoever seizes the opportunity who is the winner, who can create the opportunity is the leader among the winners. From a penniless wage earner, Li Mingbin became a boss with over 100 million net worth through his own strong struggle and was listed on the list of "China's outstanding private technology entrepreneurs". Now Li Mingbin is in the midst of his career. His assets in the company of Changan have exceeded 100 million yuan. It has more than 300 employees and more than 60 professional and technical personnel. The products sell well in domestic and foreign markets, and become the key recommended products in the construction, fire protection and other industries, and are exported to Europe and the United States as a key enterprise in the field of special high-temperature cable production, and an excellent supplier of China Lighting Association.

At present, Dongguan Rixin Transmission Technology Co., Ltd. is actively preparing for listing. In cooperation with well-known universities across the country, the transformation of materials, processes, testing and production is underway. Dongguan Quality and Technical Supervision Bureau also sent special personnel to stay in Japan to assist in related work.
Edit: LC-HY

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