On March 2, the official website of China Resources pharmaceutical announced that Dong-E-E-Jiao Co.Ltd(000423) former party secretary and President Qin Yufeng is currently undergoing disciplinary review and supervision investigation by the Discipline Inspection Commission of China Resources Pharmaceutical Holdings Co., Ltd. and the Liaocheng Supervision Commission of Shandong Province on suspicion of serious violation of discipline and law.
According to the announcement on the same day, Dong-E-E-Jiao Co.Ltd(000423) former member of the Party committee and senior vice president Wu huaifeng is also under disciplinary review and supervision investigation by the Discipline Inspection Commission of China Resources Pharmaceutical Holdings Co., Ltd. and the Liaocheng Supervision Commission of Shandong Province on suspicion of serious violation of discipline and law.
According to Tianyan survey, Dong-E-E-Jiao Co.Ltd(000423) belongs to China Resources Group. It was established in 1952 and reorganized from a state-owned enterprise into a joint-stock enterprise in 1992. It became a listed company in 1996 and was listed on the Shenzhen Stock Exchange on July 29 of the same year. It has 5000 employees and a total asset of 11 billion yuan. At present, the legal representative of the company is Cheng Jie.
Public information shows that Dong-E-E-Jiao Co.Ltd(000423) has experienced frequent personnel changes in recent years.
On January 17, 2020, Dong-E-E-Jiao Co.Ltd(000423) announced that the board of directors of the company had recently received a written resignation report submitted by Qin Yufeng. Qin Yufeng applied to resign as a director, President and legal representative of the ninth board of directors of the company due to retirement at the age of retirement, and resigned as a member of the strategy committee and Nomination Committee of the ninth board of directors of the company. After his resignation, Qin Yufeng no longer held any position in the company.
On May 20, 2021, Dong-E-E-Jiao Co.Ltd(000423) announcement showed that the board of directors of the company recently received a written resignation report submitted by Mr. Wu huaifeng. Due to personal reasons, Mr. Wu huaifeng applied to resign as senior vice president of the company. After his resignation, Mr. Wu huaifeng no longer held other positions in the company.
On January 10, 2022, Dong-E-E-Jiao Co.Ltd(000423) announced that Chairman Han Yuewei resigned as chairman of the board due to the change of work content, and President Gao Dengfeng also resigned as president and succeeded Han Yuewei as chairman of the board. Meanwhile, Cheng Jie was appointed as the new president.
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) the factory. In 2006, Qin Yufeng became Dong-E-E-Jiao Co.Ltd(000423) helmsman. 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.
From 2006 to 2018, Dong-E-E-Jiao Co.Ltd(000423) net profit increased from 154 million yuan to 2.087 billion yuan for 12 consecutive years, once known as “Maotai in medicine”. It is also from 2006 that Dong-E-E-Jiao Co.Ltd(000423) started the mode of raising prices all the way. Incomplete statistics show that prices have been raised up to 17 times. In 2019, Dong-E-E-Jiao Co.Ltd(000423) performance fell sharply and inventory crisis broke out.
Dong-E-E-Jiao Co.Ltd(000423) 2021 performance express shows that its net profit attributable to shareholders of listed companies is 428 million yuan – 475 million yuan, an increase of 888% – 997% over the same period of last year, and the net profit after deducting non recurring profits and losses is 346 million yuan – 383 million yuan, an increase of 974% – 1071% over the same period of last year.
