2004 China Rich List
Wu Liangding and Chen Ailian (husband and wife) - 2004 China Rich List:No.54
| 2004 wealth (US m): |
215 |
| 2003 wealth (US m): |
215 |
| age: | 58 & 46 |
| birthplace: | Shaoxing, Zhejiang |
| company: | Zhongbao System Enterprise Group |
| head office: | Shanghai |
| industry: | Auto parts, machinery and autos |
| listing: | None |
| personal info: | This year has seen Zhongbao’s 1999 investment into pickup trucks start to pay off, with budgeted sales expected to hit US$100 million from 12, 000 vehicles this year. The family-owned Zhongbao has been consolidating its aluminum alloy wheel business for motorcycles and cars, expanding now to five plants across the country and generating US$240 million of sales last year. Starting out with machinery for the textile industry, Wu and Chen in 1995 diversified to aluminum wheel production. Wu now focuses on finance, leaving the day to day running of the business to his wife and son. |
| other list rank: |
