[ad_1]
Original title: Burst! The 48-year-old president of a publicly traded company was under investigation. The price of the shares rose 30% during the year. 73,000 shareholders were a little scared?
Summary
[El presidente de una empresa que cotiza en bolsa, de 48 años, fue sometido a investigación. El precio de las acciones subió un 30% durante el año. ¿73.000 accionistas estaban un poco asustados? ]Yanjing Beer, the former “big brother” of the Chinese brewing industry, exposed the “Black Swan” incident. Yanjing Beer issued an announcement on important issues on the night of the 8th. The company’s president and CEO, Zhao Xiaodong, was recently investigated by the relevant authorities and took hold measures for alleged violations of the law, and was unable to comply with their functions normally. The company’s work was temporarily chaired by Xie Guangjun, vice president and executive deputy general manager, and various business activities were carried out normally. (China corridor)
The former “big brother” of the Chinese beer industryYanjing BeerThe “Black Swan” incident was exposed.
Yanjing BeerMain topics announced on the night of the 8ad，the companyPresident and General Manager Zhao Xiaodong was recently investigated by the relevant department and seized due to an alleged violation of the law, and was unable to carry out his duties normally. The company’s work was temporarily chaired by Xie Guangjun, vice president and executive deputy general manager, and various business activities were carried out normally.
As a former “big brother” in the beer industry and as a sponsor of the 2008 Beijing Olympics,Yanjing BeerIn recent yearsPerformanceGrowth is weak and market share has declined. At the end of last year, its market share was national.BrandAppearance belowChina Resources BeerwithTsing Tao Beer.In the first half of this year, affected by the epidemic and other factors, Yanjing Beer revenue andNet profitThe growth rate slowed. At the time, the chairman of the board of directors was under investigation. For Yanjing Beer, it can be described as “the house leaks even at night”.
The president was investigated for alleged violation of the law
On the night of October 8, Yanjing Beer issued a major announcement that the company’s president and CEO Zhao Xiaodong was recently investigated by the relevant department for alleged violations of the law and was unable to perform his duties normally.
Although this day is the November holiday, Yanjing Beer held the second meeting of the 8th Board of Directorsmeeting, They deliberated and approved the “Proposal on the election of the vice president to act as president of the Board of Directors.” At present, the company’s work is temporarily chaired by Xie Guangjun, vice president and executive deputy general manager, and various business activities are carried on normally. The announcement also revealed a fact: the call for this board meeting was notified to all the directors of the company on October 5, which may mean that the company found out the news during the long holidays.
It is worth noting that Zhao Xiaodong was just re-elected in the general election of the company’s board of directors in the middle of last month. On September 16, Yanjing Beer held the first meeting of the eighth board of directors and the first meeting of the eighth board of supervisors. He reviewed and approved the relevant proposals for the general election of the board of directors, the board of supervisors and the senior management. Zhao Xiaodong was re-elected as president and CEO of the company. Manager and strategyCommitteePresident.
Take a look at Zhao Xiaodong’s career path. Public information shows that Zhao Xiaodong was born in June 1972, is now 48 years old, is a doctoral student, senior engineer, and has served as Beijing Feibao.ConsultancyDeputy Managing Director, Deputy Managing Director of Beijing Yanjing Beer Group Company, Director, Deputy Managing Director, Deputy Managing Director, Managing Director, President of Yanjing Beer Co., Ltd., Managing Director of Beijing Yanjing Beverage Co., Ltd., Beijing Yanjing Beer Investment Joint Stock Company (holding company of the companyshareholder) Director, Vice President,Beijing companiesVice-president and executive director of the board of directors of the limited company.
Zhao Xiaodong is currently the president and general manager of Yanjing Beer, at the same time servingBeijing companiesLimited company (companyReal controlPerson) Vice President and Executive Director of the Board of Directors; Vice President of Beijing Yanjing Beer Investment Co., Ltd. (the majority shareholder of the company). He was appointed CEO and Vice President of Yanjing Beer in September 2017.
Information from the annual report revealed that Yanjing Beer’s Zhao Xiaodong’s total pre-tax compensation in 2019 was 709,000 yuan.Related partyThey do not pay me.
Recent yearscompany achievementsDown
Yanjing Beer is the largest beer in ChinacompanyOne of the group, it has been rated as one of the 500 most important industrial companies in the country with the best economic efficiency and one of the 100 most important companies in Chinese industry. However, as the “big brother” of China’s brewing industry, Yanjing Beer’s operating performance in recent years has shown a downward trend.
In terms of revenue in 2019, Yanjing Beer (11,468 million yuan) is surpassed only byTsing Tao Beer(27.984 million yuan), ranking second among beer companies listed in A shares; but it belongs to the matrixNet profitPlusChongqing Beer(6557 million yuan) andPearl River Beer(457 million yuan) even less, and return to the mother network in 2019profit230 million yuan, ranking fourth among beer companies listed on A shares.
From 2017 to 2019, the revenue growth rate of Yanjing Beer was -3.26%, 1.32% and 1.1%, which were lower than in the same period.Tsing Tao Beer0.65%, 1.13%, 5.3% andChina Resources Beer3.66%, 7.37%, 4.02% of the total.According to research data, in 2019, the market share of Yanjing Beer was rankedChina Resources BeerAfter Tsingtao beer, it ranks third in national beer.
In the first half of this year, Yanjing Beer’s performance declined further, achievingOperating incomeAbout 5.565 billion yuan,I andA decrease of 13.89%, the net profit attributable to the parent company was approximately 269 million yuan, a year-on-year decrease of 47.46%.
As of September 30, Yanjing Beer’s stock price was 8.43 yuan per share, and the overall increase this year is around 30%.Capital to the northFavor has been held for 5 consecutive days before the eleventhNet inflowState, the latest market value is 23.76 billion yuan, behind Tsingtao Brewery (89.55 billion yuan) andChongqing Beer(49.941 billion yuan), ranking third among publicly traded beer companies.
The market does not know what the removal of Zhao Xiaodong means for Yanjing Beer, but what is certain is that this news is an absolute “black swan” for the 73,000 shareholders of Yanjing Beer.
At the end of the first half of the year, Yanjing Beer had a total of 73,100 ordinary shareholders, many of whom had state-owned business backgrounds. As for the actual controller, Beijing Yanjing Beer Investment Co., Ltd. (a state-owned legal entity) owns 57.4% of the shares, and Beijing Yanjing Beer Group owns 1.87% of the shares; further,China Securities Finance Corporation LimitedThe participation rate is 3.03% and the Central Huijin participation rate is 1.38%; there are also some well-known private equity funds, Chongyang Group (national non-state legal entity) has 3.27% and Chongyang Strategic Investment Co., Ltd. has 1.39%.
(Article source:BrokerageChina)
(Responsible editor: DF512)
I solemnly declare: The purpose of this information disclosed by Oriental Fortune.com is to spread more information and has nothing to do with this booth.
[ad_2]