Recently, according to the official website of China Resources medicine, Qin Yufeng, former Secretary of the Party committee and President of Dong-E-E-Jiao Co.Ltd(000423) and Wu huaifeng, former member of the Party committee and senior vice president of Dong-E-E-Jiao Co.Ltd(000423) are suspected of serious violation of discipline and law. At present, they are under discipline review and supervision investigation by the Discipline Inspection Commission of China Resources medicine Holding Co., Ltd. and the supervision commission of Liaocheng City, Shandong Province.
In this regard, the reporter of the securities times contacted donkey hide gelatin and has not received a reply at present.
Dong-E-E-Jiao Co.Ltd(000423) “soul” character
According to public information, Qin Yufeng was born in 1958, native to Dong’e County, Shandong Province. He entered Dong-E-E-Jiao Co.Ltd(000423) factory in 1974 and successively served as section chief, director, assistant to factory director, deputy general manager and executive deputy general manager. He was responsible for quality, R & D, technological transformation, procurement and supply, production and manufacturing, market marketing and other work. He was once known as the “soul” of Dong-E-E-Jiao Co.Ltd(000423) .
In 2006, in the 32nd year of engaging in donkey hide gelatin industry, Qin Yufeng became the helmsman of Dong-E-E-Jiao Co.Ltd(000423) . Two years later, Dong-E-E-Jiao Co.Ltd(000423) production technology was included in the national intangible cultural heritage project, and Qin Yufeng became the representative inheritor of Dong-E-E-Jiao Co.Ltd(000423) production technology of national intangible cultural heritage.
After Qin Yufeng took over, the net profit of Dong-E-E-Jiao Co.Ltd(000423) maintained a rapid growth for a time, and the product price of Dong-E-E-Jiao Co.Ltd(000423) also continued to rise.
According to the incomplete statistics of Dong-E-E-Jiao Co.Ltd(000423) announcement and public data, in 2006 and 2019, Dong-E-E-Jiao Co.Ltd(000423) accumulated price increases of up to 17 times, including three times in 2014, successively increasing the ex factory price of donkey hide gelatin by 19%, the maximum retail price of compound donkey hide gelatin slurry by no more than 53% and the ex factory price of donkey hide gelatin by 53%. Donkey hide gelatin block soared from a few hundred yuan per kilogram to more than 5000 yuan.
for questioning the price increase, Qin Yufeng once said that the price increase is the “return of value” of donkey hide gelatin. “In the Ming Dynasty, the catalogue recording the business history had detailed records on the commercial circulation of donkey hide gelatin. At that time, donkey hide gelatin was taxed with one yuan and six cents per catty. According to the tax practice at that time, the circulation tax accounted for 1 / 20 of the sales. It was estimated that the price of donkey hide gelatin was roughly 32 yuan and silver per catty, which is equivalent to 4 Jointo Energy Investment Co.Ltd.Hebei(000600) 0 yuan per catty.”
thereafter, Qin Yufeng retired on January 20, 2020 it is worth noting that within less than one year after Qin Yufeng retired, eight senior executives Dong-E-E-Jiao Co.Ltd(000423) including chief financial officer, vice president and company supervisor successively chose to leave.
In addition, according to public information, Wu huaifeng, who was also examined and investigated this time, entered Dong-E-E-Jiao Co.Ltd(000423) work in 1979 and successively served as deputy chief, chief financial officer and deputy general manager of the finance section. In June 2005, he began to hold the post of Dong-E-E-Jiao Co.Ltd(000423) director; In June 2005, he began to serve as the Secretary of Dong-E-E-Jiao Co.Ltd(000423) board of directors; In August 2018, he began to serve as Dong-E-E-Jiao Co.Ltd(000423) senior vice president.
has experienced many high-level changes in recent years
The reporter noted that in recent years Dong-E-E-Jiao Co.Ltd(000423) there have been many high-level changes.
In December 2019, Han Yuewei was appointed as chairman of Dong-E-E-Jiao Co.Ltd(000423) board of directors in the face of crisis. At that time, Dong-E-E-Jiao Co.Ltd(000423) performance declined. According to the data of 2019 annual report, the revenue and net profit decreased by 59.68% and 121.29% respectively year-on-year, of which the net profit loss was 443 million yuan.
More than a month later, on January 20, 2020, Dong-E-E-Jiao Co.Ltd(000423) disclosed the announcement on Qin Yufeng’s retirement. Due to the reason of retirement, Qin Yufeng applied to resign as a director, President and legal representative of the company’s ninth board of directors, and resigned as a member of the strategy committee and Nomination Committee of the ninth board of directors. After his resignation, Qin Yufeng no longer held any position in the company. As of the announcement date, Qin Yufeng held 165700 shares of the company, accounting for 0.03% of the total shares of the company Dong-E-E-Jiao Co.Ltd(000423) president was replaced by Gao Dengfeng.
in addition, on the evening of January 10 this year, Dong-E-E-Jiao Co.Ltd(000423) announced that Chairman Han Yuewei resigned as chairman due to changes in work content, and President Gao Dengfeng also resigned as president and succeeded Han Yuewei as chairman. Meanwhile, Cheng Jie was appointed as the new president
Some analysts believe that the change of Dong-E-E-Jiao Co.Ltd(000423) executives may be part of the management adjustment of the major shareholder China Resources. According to the letter phi, at the end of 2021 and the beginning of 2022, China Resources medicine, China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) , members of the board of directors and senior executives of China Resources medical have changed. Among them, Han Yuewei resigned from Dong-E-E-Jiao Co.Ltd(000423) post and also changed his position in China Resources medicine. Cheng Jie, the new president of Dong-E-E-Jiao Co.Ltd(000423) is from China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) and is also an executive of China Resources.
According to public information, Gao Dengfeng, born in January 1973, has worked in Dong-E-E-Jiao Co.Ltd(000423) for more than 20 years and has gone through many fields and positions, such as sales, marketing, human resource management, e-commerce, health products and so on. Cheng Jie, also a Post-70s generation, has successively served as China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) otc terminal representative, 999 Ganmaoling product manager, general manager, executive director of Aonuo (China) Pharmaceutical Co., Ltd., director and general manager of Sanjiu Sanofi (Shenzhen) Health Industry Co., Ltd. The latter two companies are wholly-owned subsidiaries and holding subsidiaries of China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) respectively.
