After Dong-E-E-Jiao Co.Ltd(000423) (000423) entered the growth track again, Han Yuewei, chairman of the board of directors who had performed his duties for two years, announced his resignation and took over Gao Dengfeng, President of the company.
It was announced on January 10 that the board of directors of the company recently received a written resignation report submitted by Chairman Han Yuewei. Due to the change of work content, Han Yuewei applied to resign as chairman and director of the 10th board of directors of the company, and also resigned as chairman of the strategic committee of the 10th board of directors of the company. After his resignation, Han Yuewei no longer held any position in the company.
At the same time, Gao Dengfeng, President of the company, applied to resign as president and legal representative of the company. The board of directors of the company will elect Gao Dengfeng as the chairman of the 10th board of directors of the company.
Han Yuewei took over for two years
Back to the announcement, when Han Yuewei took over Dong-E-E-Jiao Co.Ltd(000423) in December 2019, the company’s performance and market value were falling sharply.
In July 2019, the semi annual report disclosed by Dong-E-E-Jiao Co.Ltd(000423) showed that the net profit during the reporting period decreased by 77.62% year-on-year. Dong-E-E-Jiao Co.Ltd(000423) said that after more than ten years of rapid growth, affected by the overall macro environment, the decline in the growth rate of the overall market scale of tonic products and other factors, as well as the gradual reduction of market expectations for the return of donkey hide gelatin value, Dong-E-E-Jiao Co.Ltd(000423) downstream traditional customers gradually reduced inventory, resulting in a decline in performance in the first half of the year.
Dong-E-E-Jiao Co.Ltd(000423) the share price also dropped from the historical high of 70.39 yuan / share in June 2017 to the low of 24.41 yuan / share in March 2020, with a cumulative decline of 65%.
The company’s “imminent change of generals” obviously expects Han Yuewei to quickly recover the Dong-E-E-Jiao Co.Ltd(000423) market decline.
Han Yuewei’s resume is eye-catching. According to public data, Han Yuewei, born in March 1968, holds a bachelor’s degree in construction management from the Department of civil engineering of Tsinghua University and a master’s degree in construction economics and management from Tsinghua University. He was once the director of the Municipal Office of Shenzhen construction and works Department, the Secretary of the Shenzhen regional working committee of China Resources Group, the vice president of China Resources Land Co., Ltd., the chief executive of China Resources medical Holdings Co., Ltd Posts: Deputy Secretary of the Party committee and general manager of China Resources Group Co., Ltd. He is currently the party secretary of China Resources Pharmaceutical Holdings Co., Ltd., executive director and CEO of China Resources Pharmaceutical Group Co., Ltd.
The high-level adjustment has achieved results. From the financial data of Dong-E-E-Jiao Co.Ltd(000423) , the company quickly reversed the situation and returned to the growth track in the two years under the leadership of Han Yuewei.
Dong-E-E-Jiao Co.Ltd(000423) the third quarterly report was disclosed on the evening of October 29, 2021. The company’s operating revenue in the third quarter was 1.139 billion yuan, a year-on-year increase of 20.5%; The net profit was 152 million yuan, a year-on-year increase of 140.55%. In the first three quarters, the company’s net profit was 301 million yuan, reversing losses year-on-year. Dong-E-E-Jiao Co.Ltd(000423) said that the sales volume of donkey hide gelatin and series products of the company recovered in the first three quarters, driving the year-on-year increase of revenue.
young and strong executives “up”
The industry believes that Han Yuewei himself has an important position in China Resources Pharmaceutical Group. At present, the task of Dong-E-E-Jiao Co.Ltd(000423) “fire fighting” has been completed. At the same time, Gao Dengfeng’s business strategy, then president of the company, has been recognized by the senior management of China Resources. It is reasonable to “change generals”.
Check Gao Dengfeng’s public resume. Gao Dengfeng, born in January 1973, holds a bachelor’s degree in management from Renmin University of China and a master’s degree in Business Administration from the National University of Singapore.
Gao Dengfeng started work in Dong-E-E-Jiao Co.Ltd(000423) in September 1995 and successively served as Dong-E-E-Jiao Co.Ltd(000423) sales representative, sales director, office manager, Marketing Manager / Director, director of southwest and northwest regions, director of high-end products division, general manager of Jiangsu sales branch, general manager of Jiangsu Anhui sales branch, director of human resources Department, general manager of health products company, general manager of e-commerce company Assistant president, vice president, President, etc.
It can be seen from his resume that Gao Dengfeng has worked in Dong-E-E-Jiao Co.Ltd(000423) for more than 20 years. After experience in many fields and positions, he is very familiar with the internal situation and external market environment of Dong-E-E-Jiao Co.Ltd(000423) , and has rich professional experience in marketing.
It is worth mentioning that Cheng Jie, who took over the post of president of the company, has also honed his marketing position for many years. According to his resume, Cheng Jie was born in March 1979 and joined China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) in September 2003. He has successively served as China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) OTC terminal representative, prescription drug management specialist, product assistant, product specialist, assistant manager, 999 Ganmaoling product manager, product director, director of OTC sales and marketing department, deputy general manager of marketing center, Secretary of the general Party branch and general manager of professional brand business department, Secretary of the Party branch and executive director of Aonuo (China) Pharmaceutical Co., Ltd., director and general manager of Sanjiu Sanofi (Shenzhen) Health Industry Co., Ltd.
At present Dong-E-E-Jiao Co.Ltd(000423) is actively optimizing and adjusting its development strategy, focusing on achieving innovative and breakthrough growth through digital marketing transformation. In the future, how the two experienced young executives will drive Dong-E-E-Jiao Co.Ltd(000423) to continue to achieve sound development will be the focus of attention.
(source: Securities Times · e company)
