Recently, the results of the selection of the 2017 Top Ten Economic Persons jointly sponsored by Sina Finance, People's Daily and Wu Xiaobo Channel were announced. The theme of this selection is to 'pay tribute to the times' driving forces. "Based on the principles of innovation, subversiveness, foresight, growth, Sustainability and other five selection dimension selection .On the scene of the economy gathered together, glittering.Ao Smith Group senior vice president and president of China Investment Co., Ltd. Ding Wei, with outstanding business influence and excellent contribution to the industry, the success of Elected East China 's 2017 Top Ten Annual Financial Year'.
From a well-known American brand to a household name, Mr. Ding Wei spent 20 years building AO Smith into a leading brand in China's home appliances industry, focusing on innovative R & D and creating quality products. As the United States, "Fortune" 50 AO Smith, has been ranked the water heater, water purifier market share of the first election of the East China region '2017 Top Ten Economic Year People', not only deserved, it is right The industry contribution it has made and its full affirmation of economic promotion.
He is a good entrepreneur with a strategy in the mind
Under the new normal of economy in China, as the core figure of enterprises, the enterprises under their leadership form an upward-vigorous and endless force under the change of the times, discovering new business value, forming a new business direction and becoming China The backbone of economic growth Entrepreneurs themselves keen insight and extraordinary forward-looking, the heart of the pattern, the hands of a strategy, the eyes of the direction, at the foot of a path, pioneering the pioneering spirit of reform and innovation of the spirit of the time Mr. Ding Wei It is such a good entrepreneur.
In the current consumption upgrading and transformation stage, many home appliances brands, especially foreign brands, because they can not adapt to the Chinese market demand, and gradually withdraw from the market.But AO Smith is an exception, as a 143-year-old multinational corporations, AO Smith showed good development Situation Since entering the Chinese market, AO Smith annual sales growth rate of more than 20%, becoming the past 20 years in the Chinese market the most stable, and the only remaining share of foreign brands continued to rise.
Especially in recent years, China's home appliance market iterative upgrade, increasing consumer demand diversification, in this case, AO Smith's leading edge is more prominent, the brand value continues to improve, from single-class leader to multi-class leader, the whole Channel seamless link go hand in hand, customer profitability continues to improve, the industry's leading position can not be shaken, and was peer admire and respect.
It is precisely because of this, SINA Finance granted Mr. Ding Wei Eastern Region '2017 Top Ten Economic Person of the Year' title, affirmed its contribution to the Chinese home appliance industry, looking at Ding Wei led AO Smith's achievements, not Difficult to find, the honor of access to its deserved.
He wrote A.O. Smith China's 20 years of glory and achievement
In the past 20 years since entering China, AO Smith led by Ding Wei has made unparalleled achievements. From a single category, it has become a leading brand of home appliances covering many categories such as hot water, water purification, heating and air purification, Are 20% -35% of the rapid growth in water heaters, water purifiers and other categories has been ranked first in the industry, and multinational companies to become a model of localization in China one, Ding Wei himself repeatedly won the 'Chinese home appliance exploits ',' Top Ten influential people in China's kitchen and toilet industry 'and' China's Best Business Leader Award 'and many other awards, excellent performance and extraordinary leadership to the more legendary president of the home appliance industry.
Currently AO Smith sales share in the entire water heater market has reached 27.46%, ranking first in the industry; water purifier sales market share of 29.1%, also ranks first in the industry, the air purifier also jumped in just two years The top three in the industry, recognized as the leading brand in the industry, the market outstanding performance, but also for many years won the most innovative brand honor.
Ding Wei said in an award-winning presentation, 'As a 143-year-old brand, the success factor is to insist on innovation and development, embrace change.Our R & D team to solve the problem is that the market is ubiquitous and difficult or unwilling to solve, To be the leader of the industry, the standard requires itself to occupy the commanding heights of R & D and create a path of innovation and upgrading for the industry. Each time AO Smith enters an industry, he or she does not do it and must do first.
In 20 years in China, AO Smith recruits a large number of R & D engineers, builds R & D centers and insists on tailor-made product design and R & D to meet the needs of the Chinese market. To better understand the real needs of Chinese consumers, Household survey, each batch of products before the market launch large-scale real trial in the user's home, after repeated experiments, in-depth interviews, in order to ensure that the company's R & D innovation is the real solution to industry challenges, improve user experience improvements .For example, 2009 When entering the water purification market, AO Smith clearly put forward to solve the heavy metal pollution of the reverse osmosis technology is the most suitable drinking water safety solutions for China's national conditions, and continue to invest in research and development, leading the continuous upgrading of the reverse osmosis water purifier industry, the current AO The overall market share of Smith water purifier ranked the first in the industry.Of AO Smith's success, for the entire industry has a strong sense of paradigm.
143 years of innovative research and development 20 years of deep plowing in China cast a model for the industry
Founded in 1874, AO Smith leads the industry in hot water, water treatment, air purification, home heating, commercial and other fields and has 27 factories and branches in 10 countries around the world. AO Smith is the New York Stock Exchange Listed companies (code AOS), the market value is more than 10 billion US dollars mark, the successful inclusion of S & P 500 constituent stocks, among the "well-known American corporate clubs."
For 143 years, AO Smith has always adhered to the idea of "finding a better way through research," and through continuous innovation and research and development, in the 20 years of deep plowing in China, through advanced technology, excellent products and perfect services for China Consumer quality of life, to provide a better solution AO Smith always adhere to the concept of better products to end-users and attitude, and continue to create more suitable for Chinese consumers innovative products.
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