On September 10, Anhui Golden Seed Winery Co.,Ltd. (600199.SH) announced that CFO Jin Hao resigned due to work adjustments, while simultaneously appointing Guo Jibao as the new Chief Financial Officer.
According to the announcement, Jin Hao officially stepped down on the same day, with his original term scheduled to end on November 21, 2025. Following his departure, he will no longer hold any position within the company. His 2024 compensation totaled 1.08 million yuan.
The incoming CFO Guo Jibao brings extensive financial management experience across both beer and liquor enterprises. His professional background includes serving as CFO and holding core financial management positions at various companies including China Resources Snow, Heineken facilities, and Jinsha Cellar Wine, demonstrating cross-regional and cross-brand financial coordination expertise.
This executive transition occurs at a sensitive juncture as the company faces operational pressures. Anhui Golden Seed Winery's interim 2025 report revealed that the company achieved revenue of 484 million yuan in the first half, declining 27.47% year-over-year; total profit reached -71 million yuan, down 575.04% compared to the same period; and net profit attributable to shareholders was -72 million yuan, plummeting 750.54% year-over-year. The management reshuffle amid financial pressures may reflect internal efforts to reorganize and reshape operational strategies and financial systems.
As of the September 10 close, Anhui Golden Seed Winery shares traded at 11.09 yuan per share, down 16.62% year-to-date, with a total market capitalization of 7.295 billion yuan. Facing continued losses and fluctuating capital market confidence, the appointment of new CFO Guo Jibao may represent part of the company's organizational structure and financial system optimization efforts for the next phase.
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