Ling Hang’s Grand Platform: Everyone is a Boss | Signing Ceremony for the Implementation of the First Phase of Ling Hang Petrochemical’s Equity Reform
Release Date:
2018-08-07
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Abstract
On the morning of August 8, 2008, a tall man stood on a patch of barren land beside Xinfā Street in Daqing, holding a shovel. Several workers and an excavator were gathered nearby. Everyone exchanged glances; there were no grand speeches or fanfares. The man gripped the shovel tightly and drove it forcefully into the ground... That single shovel marked the beginning of the construction of Ling Hang’s first production base in Daqing. Of course, at the time, no one could have imagined that eight years later, this same man would once again dig into the earth—this time in Tianjin, a thousand kilometers away—ushering in the construction of Ling Hang’s second production base there. This man is named Zhou Zhongcheng, and the company is called Ling Hang.
In Ling Hang’s corporate culture, there is a motto: “Implement a brand strategy and forge a century‑long legacy.” This phrase has hung on the wall of Daqing’s conference room for ten years. Now, in Tianjin’s new office building, it was once again firmly and resolutely displayed on the conference room wall from day one. Such lofty declarations may be common to many companies, but for Ling Hang, it is more than just a slogan—it is the guiding principle behind everything we do. From our unwavering commitment to quality to our service ethos, we remain steadfastly true to this original aspiration. Though “it is easy to make a vow, but hard to keep it,” Ling Hang is determined to uphold our initial resolve and goals through every day and every small act.
On August 1, 2018, another significant moment arrived for Ling Hang: Ling Hang Petrochemical held the signing ceremony for its first equity grant. Eighty-three members of the sales team received company‑granted equity shares, thereby gaining entitlement to dividends from the company’s operations.
In agriculture, the principle is that farmers own their land; in commerce, it’s that merchants hold shares. From this moment on, Ling Hang will no longer be just a company, and its members will no longer be mere employees. The status of Ling Hang’s staff has undergone a “qualitative” transformation: from “employees” to “owners” holding equity shares, with their mindset shifting from passive “wage labor” to proactive “entrepreneurship.” This institutional reform fundamentally transforms Ling Hang from a one-person enterprise into a shared platform for collective endeavor, achieving true sharing and mutual benefit.
This equity‑based reform, on the one hand, demonstrates Ling Hang’s determination regarding the future market and development, and on the other hand, underscores its commitment to talent. It also puts into practice Ling Hang’s corporate mission: “To enable all employees and partners who drive the company’s growth to realize their own value, lead fulfilling lives, make meaningful contributions to society, earn societal recognition, and command respect within the industry.” At the signing ceremony, Mr. Zhou Zhongcheng, General Manager of Ling Hang Petrochemical, elaborated on this reform, emphasizing that while profits are certainly a key factor in dividend distribution, what truly matters is that all our employees strive to deliver valuable, meaningful results for our distributors and end‑users. Cutting costs at all costs is never a sustainable path to major growth; instead, we must dare to invest where it counts, invest wisely, and ensure that every resource we allocate is used in ways that create real value and meaning.
This reform is only the first step in Ling Hang’s shareholding system reform. In the future, in addition to the sales team, our other teams and agents will gradually and systematically join Ling Hang’s broader platform. Ultimately, Ling Hang Petrochemical should be a shared enterprise and development platform for all, rather than merely a relationship of work and commerce. We must implement the reform of the partnership system and foster a mindset where everyone is a boss. Subsequently, General Manager Zhou outlined the market landscape and the current priorities of our work, emphasizing that while we need to clarify our working approach, refine our methods, and innovate our marketing strategies, there are no shortcuts or tricks—success hinges on execution and action. To invigorate the market, we must rely on taking steady, incremental steps every day.
After the meeting, everyone shared many heartfelt reflections in the group chat and on their social media feeds—there was excitement, touching moments, and, above all, a firm resolve to move forward. In the editor’s view, Ling Hang’s culture isn’t just those few lines of text; it’s the faded collar on each sales associate’s work T-shirt and their sun-tanned skin, as well as the phrase on every employee badge lanyard: “I am Ling Hang!”
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