One of the earliest domestic enterprises to develop and manufacture roll grinding machines.

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One of the earliest domestic enterprises to develop and manufacture roll grinding machines.

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2016

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2026-01-22

The Xiaomeng project of Xianfeng, characterized by short-term loans being used for long-term investments and debts incurred during construction, has remained idle for many years after completion—despite being part of severely overcapacity industries. Meanwhile, the company continues to bear annual interest payments on bank loans and refinancing costs, leading to an accelerating buildup of financial risks and legal litigation crises. These challenges have seriously jeopardized Guiyang Xianfeng’s survival, stability, and development. In recent years, the proactive and persistent efforts made by Xianfeng’s leadership to resolve the difficulties facing the Xiaomeng project have drawn high attention from provincial, municipal, and district-level authorities. Ultimately, in 2016, the Guiyang Municipal Party Committee and Municipal Government explicitly authorized the Guiyang Economic Development Zone Management Committee to undertake a comprehensive acquisition of the Xianfeng Xiaomeng project. The acquisition process was fully completed in 2017, thereby removing the largest and most critical obstacle in Guiyang Xianfeng’s development journey.

The Xiaomeng project of Xianfeng, characterized by short-term loans being used for long-term investments and debts incurred during construction, has remained idle for many years after completion—despite being part of severely overcapacity industries. Meanwhile, the company continues to face ongoing annual payments of bank loan interest and refinancing costs, leading to an accelerating buildup of financial risks and legal litigation crises. These challenges have seriously jeopardized Guiyang Xianfeng’s survival, stability, and development. In recent years, the proactive and persistent efforts made by Xianfeng’s leadership to resolve the difficulties facing the Xiaomeng project have drawn great attention from provincial, municipal, and district-level leaders. Ultimately, in 2016, the Guiyang Municipal Party Committee and Municipal Government clearly decided that the Guiyang Economic and Technological Development Zone Management Committee would undertake a comprehensive acquisition of the Xianfeng Xiaomeng project. The acquisition process was fully completed in 2017, thereby removing the largest and most critical obstacle in Guiyang Xianfeng’s development journey.


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