Important personnel changes: Zeng Congqin succeeded Li Shuguang as chairman of the group and Jiang Wenge as vice chairman and general manager of the joint stock company

In February 18, 2022, Wuliangye Yibin Co.Ltd(000858) , the largest Baijiu listed company in Sichuan (000858.SZ, hereinafter referred to as ” Wuliangye Yibin Co.Ltd(000858) “) announced important personnel changes:

Li Shuguang, director of Wuliangye Yibin Co.Ltd(000858) and chairman of Wuliangye Yibin Co.Ltd(000858) group ( Wuliangye Yibin Co.Ltd(000858) ‘s parent company), resigned, and Zou Tao, vice chairman and general manager of Wuliangye Yibin Co.Ltd(000858) resigned.

After Li Shuguang resigned, Zeng Congqin, the current chairman of Wuliangye Yibin Co.Ltd(000858) succeeded him as the chairman of Wuliangye Yibin Co.Ltd(000858) group. In addition, Yibin SASAC nominated Jiang Wenge as the vice chairman and general manager of Wuliangye Yibin Co.Ltd(000858) to replace Zou Tao.

In the announcement, Wuliangye Yibin Co.Ltd(000858) expressed heartfelt thanks to Li Shuguang and Zou Tao, saying that during their tenure in the company, they were scrupulous and diligent, had the courage to innovate and deepen reform in strategic planning, production and operation, marketing and other aspects, and made significant contributions and outstanding achievements to the development of the company.

successor

The reporter of Economic Observer learned from the insider that Li Shuguang was born in January 1962 and reached the retirement age of 60 in 2022. Li Shuguang has served as the chairman of Wuliangye Yibin Co.Ltd(000858) group since early March 2017. During his five-year tenure, Wuliangye Yibin Co.Ltd(000858) has developed rapidly, and the share price has risen from more than 30 yuan (after restoration) to the highest 354.61 yuan, with the highest increase of more than 11 times.

As the leader of Wuliangye Yibin Co.Ltd(000858) , Li Shuguang has a good reputation among dealers. A dealer of Wuliangye Yibin Co.Ltd(000858) told the reporter of economic observer that as the chairman of a large state-owned enterprise, Li Shuguang is easy to approach, has no official shelf, and pays attention to production and quality.

On February 18, Wuliangye Yibin Co.Ltd(000858) official website also disclosed this important personnel change.

On February 17, Yibin municipal government appointed Zeng Congqin as the chairman of Wuliangye Yibin Co.Ltd(000858) group. Zou Tao, who resigned from the joint stock company, will serve as the general manager of Wuliangye Yibin Co.Ltd(000858) group and remain a partner with Zeng Congqin.

Since then, he has jumped to the top of Wuliangye Yibin Co.Ltd(000858) from Qin, serving as both the chairman of Wuliangye Yibin Co.Ltd(000858) joint stock company and the chairman of Wuliangye Yibin Co.Ltd(000858) group, the parent company.

The public is unfamiliar with the newly nominated Wuliangye Yibin Co.Ltd(000858) vice chairman and general manager Jiang Wenge.

The resume disclosed by Wuliangye Yibin Co.Ltd(000858) shows:

Mr. Jiang Wenge, 55 years old (born in May 1966), Han nationality, born in Peng’an, Sichuan Province, is a member of the Communist Party of China and has a graduate degree. He started work in August 1985 and worked in Peng’an county and Shunqing District, Nanchong City, Sichuan Province, Sichuan development and Reform Commission and Sichuan work for relief office. He once served as deputy head of Shunqing district government, deputy director of employment and Income Distribution Department of provincial development and Reform Commission, deputy director of rural economy department and director of rural economy department, deputy director and first-class researcher of Sichuan work for relief office. From December 2018 to February 2022, he served as a member of the Party committee, director and deputy general manager of Wuliangye Yibin Co.Ltd(000858) group company; He has been a member of the Party committee of the company since December 2018, a director of the company since May 10, 2019, and a vice chairman and general manager of the company since February 2022.

He has not been punished by the CSRC and other relevant departments or disciplined by the stock exchange, is not a person subject to dishonesty, and does not hold Wuliangye Yibin Co.Ltd(000858) shares.

double digit growth

In 2022, the performance growth rate of Wuliangye Yibin Co.Ltd(000858) can still maintain double digits.

The latest financial report is the third quarterly report of 2021. The financial data show that Wuliangye Yibin Co.Ltd(000858) achieved an operating revenue of 49.7 billion yuan in the first three quarters of 2021, with a year-on-year increase of 17%; The net profit was 17.3 billion yuan, a year-on-year increase of 19%.

Wuliangye Yibin Co.Ltd(000858) did not disclose its 2021 performance forecast.

The Citic Securities Company Limited(600030) research report believes that Wuliangye Yibin Co.Ltd(000858) will firmly promote the construction of brand / product / channel under the tone of steady progress in 2021; The dealer reward assessment pays more attention to the growth quality and marketing process, which reflects the determination and execution of the company’s fine management of channel marketing. Looking forward to 2022, the company will focus on high-quality development, continue to promote Wuliangye Yibin Co.Ltd(000858) cultural construction and classic Wuliangye Yibin Co.Ltd(000858) , and strengthen the accurate management and operation ability of channels. Considering that the company has fully delivered goods in 2021, it is expected to pack light in 2022, successfully raise prices and harvest smooth sales in peak season; Long term optimistic that the company will achieve high certainty and rapid growth under the traction of strong brand power.

On February 18, 2022, Wuliangye Yibin Co.Ltd(000858) shares fell below 200 yuan and closed at 199 yuan per share, with a total market value of 772.4 billion yuan, ranking the largest market value enterprise in Sichuan Province.

After this important personnel change, Wuliangye Yibin Co.Ltd(000858) under the new leadership of Zeng Congqin and Jiang Wenge, it will be revealed whether it can continue to grow at a high speed and what changes it will bring to the company.

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