Text | Listed Company Group of Corporate Research Office, Author | Huai Shang Yu
In the past two days, A-share investors may not be in a good mood.
Since rebounding to 3,500 points and encountering resistance, A-shares have re-entered a downward trend. At 1:30 pm on the 19th, the stock index broke through the 3,300-point integer mark, which made many investors feel chilled.
html After 21:50, a wave of mysterious power poured into the market, which greatly boosted the concept of lithium mining. 10 stocks reached their daily limit during the session. The market rebounded sharply in the two cities, and eventually both turned red.Affected by this, lithium battery materials stock Shanshan shares (600884.sh) rose 7.33% at the close.
In fact, this stock reached its daily limit on the first day.
However, this is not because some organization predicted in advance that lithium batteries will "ride alone as the savior" today, but because of major changes in company executives.
On the evening of November 18, Shanshan Shares issued an announcement.
announced that the company held the 13th meeting of the 11th board of directors on November 17. In view of Zheng Ju’s application to resign as chairman of the company’s 11th board of directors due to work reasons, the meeting elected director Zhou Ting as the company’s chairman. , elected director Zheng Ju as vice chairman. As soon as the news of
came out, the market was in an uproar.
For a time, the melon-eating public forgot about the distress of the stock index’s decline and began to pay attention to the gossip about the “gong fight” among the company’s top executives.
Shanshan Co., Ltd. was established in 1992. It was initially engaged in the clothing industry and went public in 1996. Zheng Yonggang, the founder of
company, was not only a local talent at that time, but also a well-known young entrepreneur in the country in the 1990s. Older people probably know the company's famous advertising slogan: "Shanshan suits, don't be too chic!"
1999. Shanshan Co., Ltd. has begun to deploy the new energy industry and is the first domestic enterprise engaged in the research, development and production of artificial graphite anode materials for lithium-ion batteries. In the anode material business and polarizer business, the company currently maintains a leading position in the world, and its market share continues to increase.
Who knows, there will be unexpected events.
In February 2023, Zheng Yonggang died suddenly in Japan due to a heart attack, which triggered a dispute over the inheritance rights of Shanshan Shares.
In this "palace fight", one side is Zheng Ju, the son of Zheng and his ex-wife, and the other side is his current wife Zhou Ting.
Zheng Ju was born in 1991. He is a returnee who studied in the UK. After graduating from his undergraduate degree, he returned to China and joined Shanshan. With the support of his father, he climbed up step by step from the grassroots level. By the spring of 2023, this "prince" has already risen to the top of Shanshan Co., Ltd. and leads the company's daily operations.
Compared with Zheng Ju, Zhou Ting, who was born in 1982, is basically an "outsider".
Although she once worked as a reporter and anchor for Zhejiang Satellite TV, Dragon TV, and China Business Group TV News Department, before Zheng Yonggang's death, the two had three children, and she mainly stayed at home to support her husband and raise their children.
On March 23, 2023, the 40th meeting of the 10th board of directors of Shanshan Co., Ltd. voted with 11 votes in favor, 0 votes against, and 0 abstentions to elect Zheng Ju to succeed his father as the chairman of the company’s 10th board of directors. Officially Take over Shanshan shares.
According to insiders, Zhou Ting appeared at the meeting that day and alleged that the shareholders' meeting violated regulations. On May 6 of that year, some media reported that Zhou Ting and her three children sued Zheng Ju, requesting the freezing of 51% of Ningbo Qinggang shares held by Zheng Yonggang.
However, this "palace battle" ended soon.
On the afternoon of May 10 that year, Zheng Ju said at the Shanshan Shareholders' Meeting, "As for the equity issue, we have reached an agreement with Ms. Zhou Ting, and both parties will work together to promote a new round of development of the company."
Zhou Ting said , "The two parties have reached a basic consensus on the basis of establishing normal communication channels."
Time flies, and it is early winter of 2024 in the blink of an eye.
No one expected that the "palace battle" of Shanshan Shares would begin to have a sequel, and the plot would take a big turn.
On the evening of November 18, Shanshan Co., Ltd. announced that in view of Zheng Ju’s application to resign as chairman due to work reasons, the board of directors unanimously elected director Zhou Ting as the company’s chairman of the board of directors until the expiration of the term of the 11th board of directors. According to regulations, the chairman of the board is the legal representative of the company, and the chairman of the strategy committee is the chairman of the company. Accordingly, the legal representative of Shanshan Co., Ltd. and the chairman of the Strategy Committee of the 11th Board of Directors will be changed to Zhou Ting.
That night, on the official public account of Shanshan Shares, an open letter signed by Zhou Ting announced the transfer of power of Shanshan Shares: "Today, classmate Zheng Ju and I completed the handover of work. , we will unite and work together to lead Shanshan to move forward. "
Compared with the tense atmosphere last spring, this time the transfer of power seems to be full of "ease", and the "Prince" who handed over power has always maintained. Silence, no objections as ordinary people imagine.
Perhaps, this handover was too calm, leaving outsiders a little confused: "What do you mean by resigning due to work reasons?"
At this time, people couldn't help but recall that in the more than a year since Zheng Ju took over, Shanshan Co., Ltd. Performance. The
financial report shows that compared with 2022, Shanshan Shares’ revenue and net profit will both decline in 2023.
In the first quarter of this year, Shanshan Co., Ltd. even suffered a loss in profit.
In the first half of the year, the company's short-term borrowings and long-term borrowings both exceeded 8 billion yuan. As of June 30, the total interest-bearing liabilities climbed to 19.948 billion yuan.
In the third quarter, the company's revenue was 13.28 billion yuan, net profit was 52.18 million yuan, and liabilities were 24.62 billion yuan, of which short-term borrowings were 6.217 billion yuan and long-term borrowings were 8.783 billion yuan. The report card of
is not good, but compared with its peers, it cannot be said to be that bad.
In the past two years, photovoltaic power generation, lithium batteries and other new energy-related listed companies have suffered a lot of losses. Therefore, Shanshan Co., Ltd.’s performance can be said to be better than the previous performance.
What's more, the lithium battery-related industries are reaching an inflection point, and the prosperity should be much better in the coming year. Does Zheng Ju have any other hidden reasons for "giving up his choice" at this time?
Entering the second half of the year, some major lawsuits have been reported from Shanshan Shares.
html On September 3, Shanshan Group announced the latest progress of 12 major lawsuits, most of which involve the settlement of bank debts, with the cumulative value of the litigation subjects reaching 1.835 billion yuan. Shanshan Group, Shanshan Holdings and Zheng Ju are basically jointly sued for joint liability.’s financial report shows that at the end of the third quarter of this year, Shanshan’s cash and cash equivalents balance was 2.717 billion. Compared with the above-mentioned debts, considering that we still need to maintain the company's normal operations, this money is really not much.
However, if Zheng Ju is not good at her job, can she do better after being replaced by Zhou Ting? Some people in the
industry admitted frankly that they may not be so optimistic.
According to their analysis, Zheng Ju has been working hard at Shanshan Co., Ltd. for many years, and his grasp of the company's operations and industry development is no worse than Zhou Ting, who had been raising her husband and raising her children. Moreover, he had previously been favored by the company's elders and predicted that Zhou Ting would do better than him after taking office. The reason was not sufficient.
In any case, the capital market seems to welcome Zheng Ting's rise.
After hitting the daily limit on November 18, Shanshan Shares’ stock price rose sharply again today.
In the future, the outside world is waiting to see whether Shanshan's operations will improve as its stock price indicates.
Text | Listed Company Group of Corporate Research Office, Author | Huai Shang Yu
In the past two days, A-share investors may not be in a good mood.
Since rebounding to 3,500 points and encountering resistance, A-shares have re-entered a downward trend. At 1:30 pm on the 19th, the stock index broke through the 3,300-point integer mark, which made many investors feel chilled.
html After 21:50, a wave of mysterious power poured into the market, which greatly boosted the concept of lithium mining. 10 stocks reached their daily limit during the session. The market rebounded sharply in the two cities, and eventually both turned red.Affected by this, lithium battery materials stock Shanshan shares (600884.sh) rose 7.33% at the close.
In fact, this stock reached its daily limit on the first day.
However, this is not because some organization predicted in advance that lithium batteries will "ride alone as the savior" today, but because of major changes in company executives.
On the evening of November 18, Shanshan Shares issued an announcement.
announced that the company held the 13th meeting of the 11th board of directors on November 17. In view of Zheng Ju’s application to resign as chairman of the company’s 11th board of directors due to work reasons, the meeting elected director Zhou Ting as the company’s chairman. , elected director Zheng Ju as vice chairman. As soon as the news of
came out, the market was in an uproar.
For a time, the melon-eating public forgot about the distress of the stock index’s decline and began to pay attention to the gossip about the “gong fight” among the company’s top executives.
Shanshan Co., Ltd. was established in 1992. It was initially engaged in the clothing industry and went public in 1996. Zheng Yonggang, the founder of
company, was not only a local talent at that time, but also a well-known young entrepreneur in the country in the 1990s. Older people probably know the company's famous advertising slogan: "Shanshan suits, don't be too chic!"
1999. Shanshan Co., Ltd. has begun to deploy the new energy industry and is the first domestic enterprise engaged in the research, development and production of artificial graphite anode materials for lithium-ion batteries. In the anode material business and polarizer business, the company currently maintains a leading position in the world, and its market share continues to increase.
Who knows, there will be unexpected events.
In February 2023, Zheng Yonggang died suddenly in Japan due to a heart attack, which triggered a dispute over the inheritance rights of Shanshan Shares.
In this "palace fight", one side is Zheng Ju, the son of Zheng and his ex-wife, and the other side is his current wife Zhou Ting.
Zheng Ju was born in 1991. He is a returnee who studied in the UK. After graduating from his undergraduate degree, he returned to China and joined Shanshan. With the support of his father, he climbed up step by step from the grassroots level. By the spring of 2023, this "prince" has already risen to the top of Shanshan Co., Ltd. and leads the company's daily operations.
Compared with Zheng Ju, Zhou Ting, who was born in 1982, is basically an "outsider".
Although she once worked as a reporter and anchor for Zhejiang Satellite TV, Dragon TV, and China Business Group TV News Department, before Zheng Yonggang's death, the two had three children, and she mainly stayed at home to support her husband and raise their children.
On March 23, 2023, the 40th meeting of the 10th board of directors of Shanshan Co., Ltd. voted with 11 votes in favor, 0 votes against, and 0 abstentions to elect Zheng Ju to succeed his father as the chairman of the company’s 10th board of directors. Officially Take over Shanshan shares.
According to insiders, Zhou Ting appeared at the meeting that day and alleged that the shareholders' meeting violated regulations. On May 6 of that year, some media reported that Zhou Ting and her three children sued Zheng Ju, requesting the freezing of 51% of Ningbo Qinggang shares held by Zheng Yonggang.
However, this "palace battle" ended soon.
On the afternoon of May 10 that year, Zheng Ju said at the Shanshan Shareholders' Meeting, "As for the equity issue, we have reached an agreement with Ms. Zhou Ting, and both parties will work together to promote a new round of development of the company."
Zhou Ting said , "The two parties have reached a basic consensus on the basis of establishing normal communication channels."
Time flies, and it is early winter of 2024 in the blink of an eye.
No one expected that the "palace battle" of Shanshan Shares would begin to have a sequel, and the plot would take a big turn.
On the evening of November 18, Shanshan Co., Ltd. announced that in view of Zheng Ju’s application to resign as chairman due to work reasons, the board of directors unanimously elected director Zhou Ting as the company’s chairman of the board of directors until the expiration of the term of the 11th board of directors. According to regulations, the chairman of the board is the legal representative of the company, and the chairman of the strategy committee is the chairman of the company. Accordingly, the legal representative of Shanshan Co., Ltd. and the chairman of the Strategy Committee of the 11th Board of Directors will be changed to Zhou Ting.
That night, on the official public account of Shanshan Shares, an open letter signed by Zhou Ting announced the transfer of power of Shanshan Shares: "Today, classmate Zheng Ju and I completed the handover of work. , we will unite and work together to lead Shanshan to move forward. "
Compared with the tense atmosphere last spring, this time the transfer of power seems to be full of "ease", and the "Prince" who handed over power has always maintained. Silence, no objections as ordinary people imagine.
Perhaps, this handover was too calm, leaving outsiders a little confused: "What do you mean by resigning due to work reasons?"
At this time, people couldn't help but recall that in the more than a year since Zheng Ju took over, Shanshan Co., Ltd. Performance. The
financial report shows that compared with 2022, Shanshan Shares’ revenue and net profit will both decline in 2023.
In the first quarter of this year, Shanshan Co., Ltd. even suffered a loss in profit.
In the first half of the year, the company's short-term borrowings and long-term borrowings both exceeded 8 billion yuan. As of June 30, the total interest-bearing liabilities climbed to 19.948 billion yuan.
In the third quarter, the company's revenue was 13.28 billion yuan, net profit was 52.18 million yuan, and liabilities were 24.62 billion yuan, of which short-term borrowings were 6.217 billion yuan and long-term borrowings were 8.783 billion yuan. The report card of
is not good, but compared with its peers, it cannot be said to be that bad.
In the past two years, photovoltaic power generation, lithium batteries and other new energy-related listed companies have suffered a lot of losses. Therefore, Shanshan Co., Ltd.’s performance can be said to be better than the previous performance.
What's more, the lithium battery-related industries are reaching an inflection point, and the prosperity should be much better in the coming year. Does Zheng Ju have any other hidden reasons for "giving up his choice" at this time?
Entering the second half of the year, some major lawsuits have been reported from Shanshan Shares.
html On September 3, Shanshan Group announced the latest progress of 12 major lawsuits, most of which involve the settlement of bank debts, with the cumulative value of the litigation subjects reaching 1.835 billion yuan. Shanshan Group, Shanshan Holdings and Zheng Ju are basically jointly sued for joint liability.’s financial report shows that at the end of the third quarter of this year, Shanshan’s cash and cash equivalents balance was 2.717 billion. Compared with the above-mentioned debts, considering that we still need to maintain the company's normal operations, this money is really not much.
However, if Zheng Ju is not good at her job, can she do better after being replaced by Zhou Ting? Some people in the
industry admitted frankly that they may not be so optimistic.
According to their analysis, Zheng Ju has been working hard at Shanshan Co., Ltd. for many years, and his grasp of the company's operations and industry development is no worse than Zhou Ting, who had been raising her husband and raising her children. Moreover, he had previously been favored by the company's elders and predicted that Zhou Ting would do better than him after taking office. The reason was not sufficient.
In any case, the capital market seems to welcome Zheng Ting's rise.
After hitting the daily limit on November 18, Shanshan Shares’ stock price rose sharply again today.
In the future, the outside world is waiting to see whether Shanshan's operations will improve as its stock price indicates.
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