Early Life
Qin Yinglin was born in 1965 in Hexi Village, Henan, China. Growing up in a multigenerational farming family, he experienced the challenges of rural poverty. His father's early ventures in pig raising highlighted the vulnerabilities of traditional farming, which inspired Qin to pursue studies in animal husbandry at Henan Agricultural University, graduating in 1989.
Rise to Success
Qin's entrepreneurial journey began in 1992, when he and his wife, Qian Ying, started a pig farming business in Nanyang, Henan, with just 22 pigs. Through dedication and the implementation of scientific farming methods, their enterprise experienced rapid growth. By 1994, they had 2,000 pigs, and by 1997, they reached 10,000. In 2000, Qin founded Muyuan Farming, which later became Muyuan Foodstuff. The company received investments and loans to further expand their business. Muyuan Foodstuff was listed on the Shenzhen Stock Exchange in 2014.
Key Business Strategies
Qin’s success is attributed to several key strategies. He focused on vertical integration, controlling all aspects of the supply chain, from feed processing to slaughter. Innovation was also a key factor, with Muyuan employing modern pig farming techniques and technologies. The company's resilience during the African swine fever crisis in 2018 demonstrated the effectiveness of their biosecurity measures. His business philosophy emphasizes long-term sustainability over short-term profits.
Philanthropy
Qin Yinglin has engaged in philanthropic activities, including donations to Westlake Education Foundation. In 2019, he donated stock worth RMB 100 million. In 2020, he donated shares valued at RMB 800 million for basic research and technological innovation at Westlake University. In July 2022, he donated RMB 1 billion to Henan Agricultural University. In May 2023, Muyuan Foods, under Qin's leadership, donated an additional 100 million RMB to Westlake University.