Enron Company Profile, Enron Inc. Login

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China Anran, also known as "Anran Nano", is a high-tech enterprise mainly engaged in the research and development, promotion and application of nanotechnology. The registered capital is 98 million Hong Kong dollars, and 2.8 billion Hong Kong dollars are invested in the construction of Enron Industrial Park in Weihai.

Based on the development of nano industry, Enron has developed and produced 11 series and more than 300 nano health products by using the world's most advanced nano technology and combining the company's unique process technology. After several years of rapid development, Enron has developed into a high-tech enterprise integrating scientific research, production, sales and service, and its products have been exported to Asia, Europe, America and other countries in the world, and the market has covered 31 provinces, municipalities and autonomous regions across the country, and radiates the European market. Six branches have been established in China and a number of branches have been established internationally.

The first phase of the Enron Industrial Park built in Weihai covers an area of more than 150 acres, with 10,000 square meters of modern multi-storey factories full of vitality and vitality. The park has a nano-scale micro-element biochemical textile factory, a garment factory, a hosiery workshop, a quilting workshop, a cosmetics factory, a physical health food and drug extraction workshop (the physical extraction technology is the first in the world), a health food factory (which has passed GMP certification), a nano-scale water chalice factory, an electronics factory, and a nanotechnology, biotechnology, and energy technology R&D center. On September 20, 2006, the five-star science and technology building of 10,000 square meters was successfully capped, and the ecological park of more than 1,800 square meters and the prestressed lighting roof of more than 2,000 square meters in the building became the largest in China.

In 2007, it obtained ISO9001 quality management system certification. In 2006, Enron acquired a textile factory and a wire factory invested by a Korean company, and acquired 117 acres of land as the land for the development of Enron's second phase industrial park. In 2005, Enron Nano Company was named "High-tech Enterprise" after being reviewed by the Department of Science and Technology of Shandong Province.

In 2006, Weihai Science and Technology Bureau and Weihai City established Weihai Engineering Technology R&D Center and Weihai Enterprise Technology R&D Center, which were also settled in Enron Industrial Park. The research projects include high-tech projects such as environmentally friendly and energy-saving fuel cells, the in-depth development of biological extraction technology, and the research and development of the use of this technology extract for AIDS. First-class scientific research, first-class equipment, first-class production technology, novel and unique formulas, will surely create first-class products.

At present, the company has launched five categories: textile, chemical, food, light industry, and electronics, with 11 series and 300 high-tech products. These products have been awarded the "CHC National High-tech Health Products Market Development Committee Health Selection Products", "The First China Weihai International Habitat Festival" designated products, in 2008, "Enron Zhonghe" was recognized as "Shandong Famous Trademark" by Shandong Provincial Administration for Industry and Commerce. Since its establishment in 2004, Enron Nano Company has been making selfless donations to the society, and has successively donated more than 10 million yuan to Weihai City's catastrophic snowstorm, middle schools, primary schools, poor college students, elderly apartments, poor rural areas, and Sichuan disaster areas, and has won a strong commendation.

He was declared bankrupt in 2001.

Founded in 1930 as Northern Natural Gas Corporation, Enron was a joint venture between the North American Electric Light Company, Lone Star Natural Gas Company, and United Electric Railroad Company. Between 1941 and 1947, as the company went public, the company's shareholding gradually dispersed, and by 1979, InterNorth IncBecame the controlling shareholder of the company and replaced Northern Gas in its listing on the New York Stock Exchange.

In 1985, Internorth acquired rival Houston Natural Gas Company and changed its name to Enron. Originally, the company wanted to change its name to "Antran", but it was soon abbreviated again due to the meaning of the word ** (enteron: intestines).

The company was initially engaged in the distribution of electricity and natural gas throughout the United States, and was engaged in the construction of power plants and pipeline laying and other infrastructure around the world. In 1998, the company established Azurix Inc. to enter the water industry, and in June 1999, it was partially listed on the New York Stock Exchange. Azurix's unsuccessful presence in Buenos Aires, where it operates, resulted in huge losses, and in April 2001 Enron announced that it would close Azurix and its assets.

By taking the lead in transforming businesses such as power and telecommunications and ancillary businesses into financial products that can be traded and even include extraordinary "climate derivatives", Enron claims that the company has maintained healthy growth. From 1996 to 2001, Fortune magazine named Enron "America's Most Innovative Company" for six consecutive years, and in 2000, Enron was named one of the "100 Best Employers in America" by the magazine. However, as was later revealed, many of the profits reflected in Enron's statements were inflated or even fabricated out of thin air, and the company left the unprofitable portion off the balance sheet through a dizzying array of financially related transactions.

Enron's global image has been tarnished by rumors of bribery and political pressure in Latin America, Africa and the Philippines. In particular, in a $3 billion contract with India's Maharashtra state power company, Enron was accused of pressuring the Indian authorities through George Bush and former Bill Clinton, and on January 9, 2002, the U.S. Department of Justice announced a criminal investigation into Enron, and held a congressional hearing on January 24. In mid-November 2001, after being embroiled in a series of accounting fraud scandals, Enron and its accounting firm, Arthur Andersen, faced the world's largest bankruptcy.

A "White Knight" rescue plan initiated by a smaller energy company, Dynegy, ultimately failed. In 2001, Enron's stock price fell from $90 to 30 cents. Since Enron** has historically been seen as a blue-chip stock, it has dealt an unprecedented and devastating blow to financial markets.

Whether Enron is a pyramid scheme or not should be determined according to the mode of operation.

1. What is MLM?

"Pyramid scheme" refers to the act of the organizer or operator recruiting personnel to obtain illegal benefits, disrupt economic order, and affect social stability by calculating and paying remuneration to the recruited personnel on the basis of the number of personnel directly or indirectly recruited or their sales performance, or requiring the recruited personnel to pay a certain fee as a condition to obtain membership qualifications.

2. Those behaviors belong to pyramid schemes.

According to Article 7 of the Regulations on the Prohibition of Pyramid Selling, the following acts are pyramid schemes:

1. The organizer or operator requires the recruited personnel to recruit other personnel to join through the recruitment of personnel, and calculates and pays remuneration (including material rewards and other economic benefits, the same below) to the recruited personnel on the basis of the number of personnel directly or indirectly recruited on a rolling basis, seeking illegal benefits;

2. The organizer or operator obtains the qualifications to join or recruits other personnel to join by recruiting personnel, requiring the recruited personnel to pay fees or paying fees in disguised form by subscribing to commodities, etc., and seeking illegal benefits;

3. The organizer or operator requires the recruited personnel to recruit other personnel to join through the development of personnel, forming a relationship between the upper and lower lines, and calculating and paying the remuneration of the upper line on the basis of the sales performance of the lower line, and seeking illegal benefits.