On the afternoon of this (9th), Sichuan Jinding (Group) Co., Ltd. (Securities referred to as "Sichuan Jinding") issued an announcement stating that the board of directors received a written resignation report from the director, general manager and legal representative Xiong Jifeng on the same day. For personal reasons, Xiong Jifeng resigned from his position as a director of the company, member of the board of directors' professional committee, general manager of the company, and legal representative. According to relevant regulations, Xiong Jifeng's resignation report will take effect from the date of delivery to the company's board of directors, and he will no longer hold any position in the company or subsidiaries after his resignation. As of the date of this announcement, Xiong Jifeng does not hold shares in the company.
Open resume displays,Xiong Jifeng, born in February 1976, graduated from Huazhong University of Science and Technology with a bachelor's degree and a master's degree. He has served as the financial director of Shenshui Haina Water Group Co., Ltd., vice president of finance at Beijing Hantang United Technology Co., Ltd., deputy general manager of Sichuan Jinding (Group) Co., Ltd., head of finance, general manager, and director of the eighth and ninth board of directors. In 2024, Xiong Jifeng received a total pre-tax remuneration of 1.1251 million yuan from the company.
Xiongfeng. Source: Sichuan Jinding Group
Sichuan Jinding said that Xiong Jifeng's resignation will not affect the normal operation of the company's board of directors and the company's daily production and operation. The company will complete the selection of directors and general managers as soon as possible. At the same time, in order to ensure the smooth development of the company's related work, before the new general manager takes office, Liang Fei, the company's chairman, will perform the duties of the company's general manager and legal representative before the new general manager takes office.
Liao Fei, born in October 1981, Master of Business Administration, Finance and Finance at the Chinese University of Hong Kong. He has served as chairman of the eighth and ninth boards of directors of Sichuan Jinding (Group) Co., Ltd. He is currently the executive director and general manager of Shenzhen Pusu Capital Management Co., Ltd. and the chairman of the 10th Board of Directors of Sichuan Jinding (Group) Co., Ltd. In 2024, Liang Fei received a total pre-tax remuneration of 1.2235 million yuan.
Liang Fei. Source: Sichuan Jinding Group
Excellent performance in the first half of the year
Revenue and net profit increased significantly
On August 30, Sichuan Jinding released its 2025 semi-annual report,In the first half of 2025, Sichuan Jinding achieved operating income of 278 million yuan, a year-on-year increase of 84.75%; net profit attributable to shareholders of listed companies was 26.3055 million yuan, turning losses into profits.
It is worth noting that before this, Sichuan Jinding had lost two consecutive years: A loss of 41.237 million yuan in 2023 and a loss of 19.1882 million yuan in 2024. Whether the positive net profit in this period marks a significant improvement in the operating conditions of Sichuan Jinding.
Source: Sichuan Jinding 2025 Semi-annual Report
In the secondary market, as of the close of September 9, Sichuan Jinding was 10.05 yuan per share, with a total market value of 3.507 billion yuan.
Sales after multiple equity changes
The actual controller is currently the Luoyang Municipal Government
The company's official website shows that Sichuan Jinding was established in 1988. It was the predecessor of Sichuan Emei Cement Factory established in 1970. It was listed on the A-share market in 1993. It is the first cement listed enterprise in Sichuan Province. At present, the company has become one of the large limestone mines in Sichuan Province, a large bulk cargo distribution center in Leshan, and a large calcium oxide production enterprise in the southwest region. The company has many wholly-owned subsidiaries, holding subsidiaries and equity-staken subsidiaries, mainly including Shun Mining, Shuncai Building Materials, Xingshu Calcium Industry, Kuaidian Logistics, Shenzhen Yinxun, Yintai Group International Co., Ltd., Beijing Zhongsha, Shanghai Shuncai, Luoyang Jinding, Kaiwu Information Technology, Jintiyang Logistics, Hubei Haiying, Kaiwu Qiyuan Technology, and is located in Beijing, Shanghai, Shenzhen, Chengdu, Luoyang, Huangshi and other cities.
Follow equity penetration, the controlling shareholder of Sichuan Jinding is Luoyang Junying Private Equity Investment Fund Partnership (Limited Partnership) (hereinafter referred to as "Luoyang Junying"),The actual controller is Luoyang Municipal People's Government.
Source: Sichuan Jinding 2025 Semi-annual Report
Why is a Sichuan enterprise actually controlled by the Luoyang Municipal Government? The answer needs to be traced from its historical equity changes.
In April 2004 and April 2006, Warren Group Co., Ltd. (hereinafter referred to as "Wallen Group") acquired 68.6 million shares and 1 million state-owned shares held by Leshan State-owned Assets Management Co., Ltd. and Leshan Credit Property Brokerage Co., Ltd. respectively. After the above-mentioned equity transfer was completed, Hualun Group became the largest shareholder of Sichuan Jinding, and its actual controller was Chen Jianlong.
On June 1, 2009, Hualun Group was ruled by the People's Court of Fuyang City, Zhejiang Province, and the actual controller of Sichuan Jinding was changed to the bankruptcy administrator of Hualun Group.
On November 29, 2010, 54,232,251 shares of Sichuan Jinding held by Warren Group were transferred to Hailiang Metal Trading Group Co., Ltd. (hereinafter referred to as "Hailiang Metal Company"). After the completion of this equity transfer, Hailiang Metal Company became the largest shareholder of Sichuan Jinding. The actual controller was changed to Feng Hailiang.
On December 21, 2020, Pu Su Zhichun entrusted the voting rights of the company's circulating shares he held to Luoyang Junying, who became the controlling shareholder of Sichuan Jinding, and the actual controller was changed to the Finance Bureau of Laocheng District, Luoyang City.
丨Source: Sichuan Business Media Report丨
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This article does not constitute any investment advice! All views in the article only represent the interviewee’s personal position and personal views, and do not have any guidance or trading opinions! The stock market is risky, so be cautious when investing!
