Beijing listed company has no "second generation" to complete succession

In the story-filled A-share market, a new concept that is sought after – the succession concept is being born. Since the beginning of this year, the “transition of the tide” has continued to sweep the A-shares, and the next generation of the actual controllers of listed companies has taken power, becoming a “good” to be interpreted by brokers and investors. In contrast, listed companies in Beijing appear calm.

According to statistics from 155 non-state-owned listed companies registered in Beijing, the Beijing News reporter found that about one-tenth of the actual control of the people became the company's executives or major shareholders. Unlike many listed companies in Jiangsu and Zhejiang provinces that have completed intergenerational changes, most of the “heirs” of listed companies in Beijing are “on the road”.

Analysts believe that due to industrial structure, industrial and commercial history and other reasons, Beijing's local non-state-owned enterprises are mostly based on high-tech information industry or other emerging industries, and the companies themselves and their founders are relatively young. With the success of a group of post-80s "second generations", in the coming period, Beijing-based non-state-owned enterprises will ushered in power transfer in batches.

"Beijing" company is slow to change, high-tech enterprises account for the majority

After reviewing the public enterprises in Beijing, the Beijing News reporter found that as of now, there is no case of “second generation” in Beijing A-share listed companies. The majority of listed companies are still dominated by their parents.

This seems to be a gap with the overall situation of A-shares: According to the 2015 China Family Business Survey released by Forbes in September last year, among the A-share listed companies, the number of companies that completed “one-two generation succession” reached 111. Relatively speaking, the replacement of Beijing listed companies is “slow one shot”.

The Beijing News reporter observed that among the listed companies that have completed intergenerational handover, the number of companies from Jiangsu and Zhejiang is considerable. The first intergenerational handover of private enterprises occurred in Jiangsu-Zhejiang listed companies: In 2000, Xu Guanju, 39, took over the chairmanship of Chuanhua Group from his father Xu Chuanhua. Four years later, Xu Guanju promoted the successful listing of Chuanhua.

Most of the companies that have completed the change are traditional industry companies. This is also different from the situation of listed companies in Beijing.

According to the data provided by the Flush system, as of October 21, 2016, there were 155 non-state-owned listed companies registered in Beijing. According to the statistics of the Beijing News reporter, among the 155 non-state-owned enterprises listed in Beijing, the main business is 66 companies in the fields of "information services, computer applications, information equipment"; "electronic semiconductors, optical components", Biopharmaceuticals has a total of about 20 companies in the two industries with high technology content.

According to this calculation, only the above-mentioned three high-tech industries have reached a total of about 86 companies, about half of the total number of non-state-owned companies listed in Beijing. In addition, there are some emerging industries such as environmental engineering companies that are not counted.

Compared with the number of listed companies in high-tech and emerging industries, among the listed private enterprises in Beijing, traditional industry companies have not taken a strong position in terms of quantity. Among the 155 companies mentioned above, there are only six classic “real estate” companies in the traditional industry.

According to the information from the official website of the Beijing Securities Regulatory Bureau, as of now, the number of GEM companies under the jurisdiction of the Beijing Securities Regulatory Bureau is 84, ranking first in the country, with a total market capitalization of 21.15% of the country.

12 companies "second generation" became Dong Jiangao

At the same time as the “high-tech and emerging enterprises” listed by Beijing-listed companies, the phenomenon of being at the helm is generally younger.

In the process of statistical data, the Beijing News reporter found that the current chairman of Beijing non-state-owned enterprises is mostly between 40 and 55 years old, and the number of chairmanships over 60 years old is slim.

Although the second generation of Beijing-listed companies has not yet become a "head", many companies' "successful plans" seem to have been put on the agenda.

According to the general statistics of the Beijing News, as of October 21, among the 155 non-state-owned enterprises listed in Beijing, the “second generation” of the current actual controllers of 12 companies has entered the level of business management or participation in decision-making. Become a supervisor. In addition, there are three “second generations” holding a considerable proportion of shares in listed companies.

Wen Bingcai, the chairman of Shenzhou High Speed ​​Rail, is currently ranked as the 4th largest shareholder of a listed company with a 4.9% shareholding but has not held a position in the company.

He Qi, the chairman of the Oriental Garden, is a supervisor of the listed company.

Liu Qiutong, son of Han Wang Technology Chairman Liu Yingjian, is a non-independent director of a listed company.

Zhao Wei, the son of Beijing Lier Chairman Zhao Jize, is the company's vice president and director.

Zhou Yuan, the son of Origen’s chairman Zhou Yunjie, is 29 years old and is the vice chairman of the company.

WANGXU, the son of Wulu Snow, the chairman of Beilu Pharmaceutical, is the deputy general manager and non-independent director of the company. Tian Xinjia, the son of Tian Yuyu, Chairman of Jiayu Shares, is the vice chairman and non-independent director of the company.

Zhou Zhiwen, the wife of Shu Taishen, is a director of the listed company. Xu Bo, the son of Gao Huaixue, the actual controller of Ji Ai Technology, is now the company's third largest shareholder.

Zhu Haidong, the son of Zhang Qichun, chairman of Dongfangtong, is now a director of the company. The chairman of Halo New Network, Dian Diangen, is a deputy general manager of the company.

Zhang Minwei, son of Liu Li, chairman of Sanlian Hongpu, is a non-independent director of the company.

Liang Kaixian, the son of Cheng Yitong, is the general manager and director of the company. Liang Zhigen, the chairman of Sany Heavy Industry, is in the middle of the company and is the company's vice president and director.

Wu Qunming’s son, Wu Qun, the actual controller of Wandong Medical, indirectly holds Wandong Medical.

According to the general steps, the next generation, which is the actual controller of the listed company, is promoted to senior management or enjoys a higher proportion of shareholding, which can be regarded as the rhythm of “preparatory succession”.

Most of the 80s, 6 have a study abroad experience, 1 is a Canadian citizen

According to a brief review by the Beijing News reporter, 10 of the 15 people who may be preparing to take over are born after 1980.

Tian Xinjia, the son of Jia Jiayu, the chairman of the listed company Jiayu, was born in 1984 and served as the vice chairman. Zhang Min, the son of Liu Di, the chairman of Sanlian Hongpu, was born in 1988 and is now a non-independent director. Rock was born in 1980, the current deputy general manager ... In addition, the figure after the 90 has also flashed. Liu Qiutong, son of Hanwang Technology Liu Yingjian, was born in 1992. He is only 24 years old this year. He Chun, the niece of the chairman of Oriental Garden, is 25 years old and currently serves as a supervisor of the company.

Unlike the fathers of Grassroots Entrepreneurship, about half of the second generation of Beijing-listed companies that have taken over the job have experienced overseas study. Among them, He Wei, Liu Qiu Tong, and Zhou Yuan, the six "second generations", whose fathers chose for these "heirs" are concentrated in the United Kingdom, the United States, and Australia.

The resume of the senior executive of Hanwang Technology Liu Qiutong shows that Liu Qiutong, a 24-year-old graduated from a university in the United States, has already entered the company for training after he has graduated completely. “In 2010 and 2014, he followed his father’s visit and served as a portable translator” was also written. Enter his resume.

According to the information, Wang Daixue, the chairman of Beilu Pharmaceutical, is named WANGXU. He is currently a deputy general manager and a non-independent director. He is now a Canadian citizen.

Most of the second-generation successors are "not in time"?

Some analysts wrote that the second-generation succession phenomenon in Beijing is not concentrated, or related to the industrial structure: Beijing private enterprises listed companies in emerging industries, the founders themselves are still young, the second generation of the succession is mostly "not in time."

Zheng Jingpu, a domestic family business research and consulting expert, believes that listed companies, as public companies, face greater external pressures, and the time for their fathers or entrepreneurs to quit will be later.

He said that the current second-generation succession is not the mainstream of listed companies, but this does not mean that most listed companies will choose to be taken over by professional managers. Because the company has more and more talents after its listing, the second generation of the family may not be an important leadership position at present, and they are still on the road to succession.

“Private private companies have already seen a clear 'stopping tide', and listed companies are also moving in this direction.” According to Zheng Jingpu, according to relevant surveys, at least 80% of the first generation founders will choose to let their children succeed. . However, according to him, the second generation of volunteers to take over the class, "the ratio is very low."

[The youngest deputy director]

Origen Zhou Yuan: Vice Chairman of the Board at the age of 23

Zhou Yuan, the son of Origen’s chairman Zhou Yunjie, became the vice chairman of the company at the age of 23, and now he has been in this position for six years.

Has been the vice chairman of 6 years

Origen is engaged in the research and development, design, production and sales of food and beverage metal packaging products. In October 2012, Origen officially landed in A shares. In the company's IPO stage, its young vice chairman has attracted attention.

At that time, the open prospectus showed that Zhou Rui, the vice chairman of Origen, was the son of Zhou Yunjie, the chairman of the board. At the age of 25, he returned to the listed company after returning from overseas study and became the vice chairman of the company in November 2010.

In other words, when Origen officially sprinted, the 25-year-old Zhou Yuan had two years of experience as a “deputy chairman” and at the age of 23 he became the vice chairman of the company.

For many college graduates, this age is at the stage of career choices after graduation. Backed by the "Jiangshan" laid down by his parents, Zhou Yuan directly became the boss of many peers. Up to now, Zhou Yuan has been in the position of vice chairman for 6 years.

Last year's annual salary of 2 million

Although it is for the "work" of the family, the salary level enjoyed by Zhou Yuan is not compromised: the past data shows that in 2011, Zhou Yuan’s annual salary reached 1.75 million, which is second only to his company’s senior executive, Zhou Yunjie’s 2.66 million. Compared with other executives in the same period, it is obviously rich. In the same year, Wei Qiong, the general manager of the company, had an annual salary of 1.55 million, the annual salary of the two deputy general managers was about 1.4 million, and the annual salary of the chief financial officer was 1 million.

According to the 2015 annual report, Zhou Yuan received a salary of 2 million yuan.

Now, in public reports, Zhou Yuan has repeatedly represented the company to accept media interviews. In a visit to Zhou Yuan by the print media in September last year, Zhou Yuan said that “the future will be full of confidence in the sustainable growth of Origen, but the development model will change.”

The controlling stake is still in the hands of the father

Zhou Yunjie, the current chairman of Origen, is 55 years old and still the actual controller of the company.

According to the data, Zhou Yunjie has indirectly controlled more than 60% of the shares of Orijin, and his son Zhou Yuan does not own equity.

Judging from the public information, Zhou Yuan is currently only responsible for transactional work and does not have actual decision-making power.

In September last year, Huang Jianxiang participated in the joint venture of “Mobile Sports” and announced that he was invested by Wang Chaoyong, Yu Minhong and Zhou Yunjie. Among them, Zhou Yunjie invested in the role of “outsiders” in the sports circle. In the public report, Zhou Yuan once appeared as the "sports industry" platform as the owner of Origen.

[Beijing "foreign households"]

Sany Heavy Industry Beam is in the middle: learning from the workshop dispatcher

In the "2016 Hurun China Rich List" released recently, Liang Wengen, chairman of Sany Heavy Industry, ranked 48th on the list with a total of 32 billion. The listed company has a total market capitalization of 44.6 billion yuan. In the A-share Beijing non-state-owned enterprise listed company, this level is also called a heavyweight enterprise.

As a "foreign household", Sany Heavy Industry will soon face the test of "old and young shifts."

The future head was once kidnapped

As the son of Liang Wengen, Liang Zaizhong has been practicing "healing" for three years at Sany Heavy Industry.

According to the data, Liang was born in 1984 and is now 32 years old. He is currently a director of Sany Heavy Industry. According to public reports, in 2006, Liang Zaizhong graduated from the University of Warwick University in computer management, and then entered the Sany Group, starting from the workshop dispatcher to learn business management.

In the public report, Liang Zhongzhong, as the successor of the future, repeatedly expressed his views on business operations. However, as of now, from the public information, Liang Zhongzhong does not directly hold the shares of Sany Heavy Industry. It has been reported that although it has not yet officially taken over and took power, the company has already called it "Shaoliang General" internally.

According to "Global Entrepreneur", in July 2010, the car that Liang Zaizhong took was "followed by a carefully disguised fake police car." According to reports at the time, the gangsters dressed as police officers stepped forward and arrested them. Fortunately, this strategy was discovered by the driver of Liang Zhongzhong, and Liang was lucky enough to escape. The case was finally broken, but the main criminal committed suicide during the arrest process, and the case became an unsolved mystery.

At that time, the case was once suspected by Zoomlion, a competitor of the same city who was widely suspected of being Sany. On June 18, 2013, Zoomlion issued an announcement “Independent Directors’ Statement on the Independent Investigation of Media Reports”, in which the responder responded to the media’s previously reported case of Liang’s kidnapping, saying that it has nothing to do with Zoomlion. .

Recently served as deputy director of insurance company

After the "Shaodongjia" Liang was in distress, Sany Heavy Industry and its competitors in the same city have repeatedly experienced "mutual enthusiasm".

In 2012, Sany Heavy Industry Liang Wengen announced that the company headquarters will be moved from Changsha to Beijing. In the announcement at the time, the company stated that the main reason for the company's relocation was to “avoid vicious competition, accelerate the internationalization of the company, realize the “quality change the world”, and achieve the world-class industrial ideal of Sany.”

In March 2016, Jiulong Property Insurance Co., Ltd. was opened with a registered capital of 1 billion yuan. Sany Group, Zhuhai Dahengqin Investment and Zhuhai Yuchuang Investment Management are the top three shareholders. Liang Zaizhong served as vice chairman; at the end of July 2016, Hunan Sanxiang Bank was approved for construction. Earlier, it was reported that Liang Zhongzhong will serve as the chairman of Sanxiang Bank in the future.

[The oldest "second generation"]

Dongfang Tong Zhu Haidong: nearly 50 years old

Among the non-state-owned enterprises listed in Beijing, which are generally younger in the “first generation” and “second generation”, Dongfang is a “special case”: its founder and chairman are now more than 70 years old, and the company’s future successor is still unclear.

The founder does not retire, the "new master" is pending

In January 2014, Dongtong, which was founded 17 years ago, officially landed in A-shares. At that time, its founder and chairman, Zhang Qichun (female), was 75 years old.

At present, Zhang Qichun is 77 years old and still serves as the chairman of the company. His son Zhu Haidong is a director of a listed company but does not have actual management positions.

As the second generation of the founder of the listed company, Zhu Haidong is nearly 50 years old this year, and is comparable to many post-80s and post-90s successors.

In view of the fact that the chairman of the board is already high, Dongfang’s “succession” problem has been concerned by the outside world since its listing. Before the listing, Zhang Qichun once said to the media that he "does not deliberately prevent later people from taking over", but "it is difficult to find the right person to take charge of the company."

Until the company's IPO, Dongfangtong acknowledged in the issuance materials that "in view of Zhang Qichun's important influence on the issuer, such as Zhang Qichun's inability to continue to perform his duties to the company, the issuer's overall planning and business planning. Aspects may still be affected."

The founder Zhang Qichun and his wife made a promise at the time. "If Zhang Qichun refuses to have the shareholder qualifications stipulated in the "Company Law" due to personal health reasons or any accidents, then Zhang Qichun's shareholder qualification in the issuer is Zhu Haidong (son of Zhang Qichun) inherit."

Prior to this, Zhang Qichun once said that the future successors "will not be their own children, because they have their own favorite career."

Once "self-reliant portal"

According to Zhu Haidong's personal profile, in the early days of Dongfangtong, Zhu Haidong also worked with his mother for a long time, and served as the head of the finance department and finance department for several years.

In 2004, as the second generation of the founder, he once founded and managed Beijing Oriental Ruisi Technology Development Co., Ltd. from September 2007 to May 2009. Zhu Haidong worked at Rhodes Public Relations Co., Ltd. The position is unknown; since May 2009, he has also worked for Beijing Changce Tiancheng Public Relations Planning Co., Ltd.

Founder family equity reduction

In 2015, Dongfangtong proposed “secondary entrepreneurship”, and public information showed that Zhang Qichun provoked this stalwart for the professional manager of Dongfangtong.

The proportion of Zhang Qichun himself and his family members in recent years has been declining. Before the listing, Dongfangtong introduced Donghua Software to increase its capital. After this round of capital increase, Zhang Qichun’s shareholding ratio fell from the previous 30% to 26.6%. In December 2009, Dongfangtong conducted an equity transfer, after the transfer, Zhang Qichun’s The shareholding ratio fell again from 26.6% to 24.95%, and its son Zhu Haidong and his wife Zhu Man held 5.55% and 0.19% respectively.

As of June 2016, Zhang Qichun's shareholding ratio was 16.71%, and Zhu Haidong's shareholding ratio was 3.72%. The mother and son share more than 20%.

â–¡ Xinjing News reporter Zhang Quanwei intern Hong Zitong Beijing report