This is not the first time Yao Xiaodong has faced serious challenges in his career. After he came to Singapore from Taiwan in 1979, the following year, he invested 50,000 yuan in several Taiwanese friends to set up a company, mainly engaged in the production of injection molds and metal forming tools.

Originally, he only contributed, but the company suffered for years. He decided to buy the company in 1983, only to hit a recession. As a result, in the four years since he took over the company's original 200,000 yuan of capital, only 90,000 yuan was left, bad debts were recruited over 130,000 yuan, and the accounts were seriously beyond their means, and even the power company had to cut off the power supply. Yao Xiaodong is not willing to be defeated, after some exploration, lock mold business, business is gradually on track.

In 1986, the company received a capital injection of 140,000 yuan from the American electronic components supplier Iolex, accounting for 35% of the total capital. In 1993, the company set up a factory in China.

After listing on the Singapore Exchange in 2003, the Group continued to expand overseas and diversified its business, including smartphone components and contract manufacturing "customers such as Apple and Xiaomi", iot 107) and commercial electronic products.

Two setbacks losses of more than 200 million yuan, actively explore the European and Japanese markets.

Two years ago, when he made mobile phones for Tot& Company in Russia, Cheng Xiaodong's career hit the rocks again. He said: "The other party did not fulfill the responsibility of the order, did not take delivery in accordance with the contract, many raw materials we bought turned into waste, and the loss was more than 100 million yuan." We also started making computers at that time. 

In the Numerical control (CNC) business, two Chinese customers drove down prices and canceled orders in a short period of time. Because of the huge investment in equipment, it lost about 140 million yuan."

Broken customer trust and turbulence in the new process business have led to a huge cumulative loss for the group over the past two years. At the worst, bank loans exceeded 200 million yuan, and the debt ratio reached 40%.

He said: "To a company like ours is a bolt from the blue and unbearable. The Chinese people say that "calm and worry", and when things come to mind, they must settle down a little before they can consider them well. I evaluated the plate and we still have a lot to do, just like we have a reputation in the plastics market, especially in terms of quality."

Although some people suggested that he simply sell the whole business and take it easy, Yao Xiaodong decided to stand up and take charge again.

"Do not retreat when you lose the battle, I want to retire with success!" It is one thing to lose money when things happen; it is more serious to have customer, supplier and employee confidence wobbles. I told myself, the plate is so good, don't be nervous..."

Yao Xiaodong first won the support of the bank, and then restored the confidence of the team, won orders, increased profits and proposed incentive mechanisms. He believes that everyone is linked to their own interests and interests, which is reasonable, so he proposed: "Good performance of employees, even if the salary is very high, still can get 12 months bonus." We need to bring out their entrepreneurial spirit by rewarding them."

To Yao Xiaodong's relief, the group turned a loss into a profit in June last year, and achieved a net profit after tax of 7.64 million yuan in the second quarter.

Looking back on the ups and downs of this period of time, he said: "Two years ago, I encountered such a problem, and I was able to overcome it smoothly. I will pay off 200 million yuan in debt within a year and still have 100 million yuan in cash in hand. I have steps."

When encountering setbacks, do not say to retreat, and now Yao Xiaodong does not say to rest.

He said: "After the rectification, I have established a good system, if this system does not allow it to flourish, it is a pity." In the next five to 10 years, I believe the group will develop very well."

Therefore, when Molex, the second largest shareholder, was interested in buying the group, Yao Xiaodong instead bought 22 per cent of Molex at a high price in June this year. "They invested 140,000 yuan and sold it for 200 million yuan 20 years later," he laughs.

At present, Yao Xiaodong holds about 83% of the group, and the outside world is quite concerned about the succession issue. Yao Xiaodong revealed that has been actively looking for suitable candidates, and will be promoted from within. He hopes that after a smooth transition in the next three to five years, he can step back and offer advice.

Hi-P International just released its third quarter earnings and pre-earnings. In a recent bridge report to Hi-P International, DBS research analyst Lin Li Yang mentioned that the group's wireless "smartphones" and computer external equipment are in the industry's upcycle, and consumer electronics has 30 active customers.

Lin Liqing believes that Hi-P International's earnings can grow by 3% in the 2017 and 2018 fiscal years, and the target price has been raised from $1.45 to $1.67. Herbie International closed Friday at 1.565 yuan.

Apple products contribute significantly to the group's revenue, but Jhin also makes components for other products. The Group is now more actively exploring the European and Japanese markets, as well as further exploring the medical and automotive parts markets, and hopes to double its business growth in the next five to eight years through native businesses and mergers and acquisitions.

For the brilliant performance of the group's share price, Yao Xiaodong is pleased.

He said: "Hi-P more and more brave, after the rebirth of the fire can play more potential, the future road is broad, the future is bright." Yao Xiaodong proves that age is not a problem, and he wants to make a contribution to society as a whole, using his own experience as an example to inspire young people, and even all entrepreneurs.