On February 14, Hunan Valin Steel Co.Ltd(000932) (000932. SZ) announced that the board of directors of the company recently received the written resignation of chairman and general manager Cao Zhiqiang. Due to work adjustment, Cao Zhiqiang applied to resign from his position as chairman, director, member and convener of the seventh board of directors, member of nomination and salary assessment committee and general manager of the company.
Hunan Valin Steel Co.Ltd(000932) also said in the announcement that during his tenure, Cao Zhiqiang was scrupulous and diligent, and played an important role in improving the level of corporate governance and promoting the high-quality development of the company. According to the announcement, after Cao Zhiqiang resigned, he will no longer hold Hunan Valin Steel Co.Ltd(000932) any other positions. At the same time, as disclosed in the announcement, Cao Zhiqiang did not hold shares of the company.
Hunan Valin Steel Co.Ltd(000932) recently released the performance forecast for 2021. It is expected that the performance will reach a record high last year, and the net profit attributable to the shareholders of the listed company will reach 9.5 billion yuan to 9.9 billion yuan.
the new chairman of Valin Group has taken office
According to the Hunan Valin Steel Co.Ltd(000932) 2020 annual report, Cao Zhiqiang has served as the general manager of the company since August 25, 2018 and the chairman of the company since March 26, 2019. He has successively served as the director of the second bar plant of Valin Xianggang, the director of the science and technology development center, the assistant to the general manager, the deputy general manager, the executive director (legal representative) and the general manager.
The reporter of the daily economic news found that on November 22, 2021, the website of the Hunan Provincial People's government published the personnel appointment and removal notice of Comrade Cao Zhiqiang as a member, standing committee member and Secretary of the Changde Municipal Party committee of the Communist Party of China, saying that the Changde Municipal Party committee held a meeting of leading cadres of the whole city on that day. Zhang guanheng, deputy director of the Organization Department of the provincial Party committee and director (concurrently) of the provincial Civil Service Bureau, attended the meeting and announced the decision of the provincial Party Committee on the adjustment of the main leading cadres of Changde City: Comrade Cao Zhiqiang was appointed member, standing committee member and Secretary of the CPC Changde Municipal Party committee
Image source: screenshot of web page
According to public information, Cao Zhiqiang was born in July 1975 in Shuangfeng, Hunan. Public media reported that he was "the post-75 municipal Party Secretary" and "the youngest municipal Party Secretary in Hunan".
In addition, on January 30, 2022, the website of Hunan Provincial People's government published the notice of the provincial government on the appointment and removal of several officials, which mentioned that Xiao zunhu was appointed chairman of Hunan Hunan Valin Steel Co.Ltd(000932) Group Co., Ltd. and Cao Zhiqiang was removed from the post of chairman of Hunan Hunan Valin Steel Co.Ltd(000932) Group Co., Ltd
Image source: screenshot of web page
The reporter noted that while announcing the resignation of chairman Cao Zhiqiang, Hunan Valin Steel Co.Ltd(000932) also announced the notice of convening the first extraordinary general meeting of shareholders in 2022. The general meeting of shareholders will consider the proposal on electing candidates for non independent directors of the eighth board of directors of the company, and Xiao zunhu is the first candidate for non independent directors.
Hunan Valin Steel Co.Ltd(000932) the performance is expected to hit a record high last year
According to the report, Hualing group is the largest shareholder in Hunan Province with a sales revenue of RMB 9.3 billion and RMB 0.2 billion.
According to the daily economic news on the official website of Valin Group, on January 28, Valin Group held a 2022 annual work meeting. The meeting concluded that in 2021, Valin Group achieved a sales revenue of more than 210 billion yuan and a total profit of 15 billion yuan, with a year-on-year increase of 38% and 46% respectively, both breaking historical records. In 2022, the business goal of Valin Group is to achieve an operating revenue of more than 210 billion yuan and a profit of more than 15 billion yuan.
In addition, the reporter also found that on January 27, Hunan Valin Steel Co.Ltd(000932) released the performance forecast at the same time. It is estimated that the total profit in 2021 will be 11.75 billion yuan to 12.35 billion yuan, and the net profit attributable to the shareholders of listed companies will be 9.5 billion yuan to 9.9 billion yuan, a record high; Among them, the single quarter profit in the fourth quarter increased by more than 20% year-on-year. The operating results of its core subsidiaries have achieved good results again, and the annual profits of Valin Xianggang, Valin LIANGANG and automobile sector company have reached a record high.
At the investor teleconference held on February 8, Hunan Valin Steel Co.Ltd(000932) said that looking forward to 2022, Valin Xianggang will continue to consolidate its competitive advantages in shipbuilding, bridges and other fields, vigorously develop high-level marine platform steel, and continue to increase its market share in nuclear power, wind power, military industry and other fields; Hualing Lianyuan Steel will keep up with the high-profile demand of new energy vehicles, UHV and other industries and increase the research and development of electrical steel; Valin Henggang will continue to work in the oil and gas field; At the same time, the automobile sector company promotes the application of the third generation cold rolled automobile steel, speeds up the production of phase II projects, and further consolidates its competitiveness in the field of new energy vehicles.
It is worth noting that Hunan Valin Steel Co.Ltd(000932) received market attention last year due to "steel e-commerce". Last July, Hunan Valin Steel Co.Ltd(000932) announced to increase the capital of its wholly-owned subsidiary Hunan Valin e-commerce Co., Ltd. (hereinafter referred to as Valin e-commerce) with its own capital of 200 million yuan. After the capital increase, the registered capital of Valin e-commerce increased from 156 million yuan to 356 million yuan, an increase of 128%. The company still holds 100% equity of Valin e-commerce.
According to the local media Xiaoxiang financial media, the staff of Hunan Valin Steel Co.Ltd(000932) board secretary office said: "Valin e-commerce undertakes the role of Hunan Valin Steel Co.Ltd(000932) main business in expanding revenue scale and enhancing the influence of Valin brand in the trade sector". The report also mentioned that after about 20 years of development, steel e-commerce has been reduced from about 180 in 2014 to dozens at present in the fierce competition, and is constantly moving towards concentration. According to the report released by China Metallurgical Industry Planning and Research Institute in December 2020, iron and steel e-commerce accounts for about 10% of the total steel consumption in China, with broad growth space.
