Early Life
Yuan Fugen was born in 1951. In his early career, he laid the foundation for his future success in the metal processing industry. In the 1980s, Yuan established a small sheet metal and stamping factory in his hometown of Suzhou, China.
Rise to Success
Through strategic growth and focused operations, Yuan Fugen's factory evolved. In 1998, the company was formally established. In April 2010, this factory was successfully listed on the Shenzhen Stock Exchange, now known as Dongshan Precision. The company manufactures precision metal plates and cast metal. Dongshan Precision's market value is around 100 billion yuan.
Key Business Strategies
The company expanded into telecommunications, consumer electronics, and automotive sectors. His sons, Yuan Yonggang and Yuan Yongfeng, now hold key positions within the company. Yuan Yonggang serves as the chairman and Yuan Yongfeng as the general manager of the company.
Philanthropy
Specific details on philanthropy amounts could not be found with the search queries.