Ye Maoxin Resigned Yao Yuming And Resigned. The Most Central Enterprise Jingwei Textile Machine Usher In The Wu Xudong Era!

Jingwei Textile Machinery Limited by Share Ltd (hereinafter referred to as "Jingwei Textile Machinery") announced in the evening of January 13th that the board of directors received today's resignation letter submitted by Mr. Ye Maoxin, chairman of the board. Ye Maoxin resigned as director and chairman of the company due to the company's actual controller China Hi-Tech Group Corporation's overall work arrangement. Mr. Ye Maoxin will not be in office after he resigns. The resignation will not affect the normal operation of the company. As of this announcement, Mr. Ye Maoxin held 8580 shares of the company's stock.


Jingwei Textile Machinery said that since its appointment as chairman of the company in August 2010, Ye Mao has faithfully performed his duties and diligently and conscientiously. He has done a lot of fruitful work in strategic layout, corporate governance, innovation and development, and safeguarding the interests of the company and shareholders.


In addition, Yao Yuming, general manager of Jingwei Textile machinery, also resigned as director and general manager of the company due to the actual arrangement of China Hi-Tech Group Corporation. Jingwei Textile Machinery said Yao Yuming has worked hard and diligently since he became the general manager of the company in August 2007. He has done a lot of effective work in company management innovation, capital operation, value creation and maintaining the core competitiveness of enterprises, which has fully protected the good operation and development of the double main business of the company.


On the same day, Jingwei Textile Machine elected Wu Xudong as chairman of the company and appointed Mr. Mao Faqing as general manager of the company.


Reporters access to information was informed:


Wu Xudong: Bachelor's degree, EMBA master's degree. Senior economist. Senior professional manager. Deputy general manager of Jingwei Textile machinery. Since September 1992, he has been deputy director of Jingwei accessories factory, deputy general manager and general manager of Jingwei Heli company, deputy manager and general manager of Jingwei labor service company, general manager of Jingwei machinery (Group) Co., Ltd., deputy general manager, deputy secretary of Party committee, Secretary of Discipline Committee and Chairman of the Jingwei machinery (Group) Co., Ltd., deputy secretary, general manager and chairman of Shanxi textile machinery Limited by Share Ltd Yuci branch. He has been deputy general manager of Jingwei Textile machinery since May 2013. He also serves as Jingwei Textile machinery company, Jingwei Textile Machinery Limited by Share Ltd Yuci branch, Tianjin Hongda Textile Machinery Co., Ltd., Tianjin Jingwei New Textile Machinery Co., Ltd., Shenyang Hongda Textile Machinery Co., Ltd., Shenyang Honghua Textile Machinery Co., Ltd., Wuxi Jingwei Textile Technology Test Co., Ltd., Wuxi Jingwei Anjie energy saving Technology Co., Ltd., director of Zhengzhou Hongda new textile machinery Co., Ltd. Since February 2019, he has served as director of Jingwei Textile Machinery Limited by Share Ltd.


Ye Maoxin, male, born in September 1962, Han, Taigu, Shanxi, bachelor degree, EMBA, joined in July 1983, joined the CPC in November 1995, senior engineer. Currently vice president of China Hi-Tech Group Corporation, member of the Party committee, director, deputy general manager and Party committee member of China Textile Machinery (Group) Co., Ltd., chairman of Jingwei Textile Machinery Limited by Share Ltd. He worked in the three workshop and master division of Jingwei Textile Machinery Factory. He served as director of Technology Department of Jingwei Textile Machinery Factory, assistant factory director, manager of chemical fiber machinery department, deputy general manager, director, executive deputy general manager, general manager, deputy secretary of Party committee, Party committee secretary, vice chairman and deputy general manager of Limited by Share Ltd, deputy general manager and member of the Party committee of China Hengtian Group Co.


Yao Yuming: Bachelor's degree, bachelor's degree, senior accountant. Since July 1990, he has been deputy director of the Finance Department of the Jingwei Textile Machinery Factory, director of the factory assistant and director of the financial office of the factory, chief financial officer, deputy general manager and Secretary of the Party committee of the Jingwei Textile machinery company. He has served as director of Jingwei Textile Machinery since August 1995 and has served as the chief manager of Jingwei Textile machinery since August 2007. He also serves as vice chairman and Secretary of the Party committee of the financial and trust company of the Jingwei spinning machine company, chairman of Hongkong Huaming Co., Ltd., shares in the company's Cci Capital Ltd, Heng Tian Zhong Fortune Investment Management Limited by Share Ltd director and so on.


Mao Faqing: postgraduate degree, doctor of economics, senior accountant, Chinese certified public accountant, China certified tax collector, chief financial officer of Jingwei Textile machinery. Jingwei Textile machinery has been deputy director, accounting department, finance department, finance department and deputy chief inspector of Finance and economics since September 1995, and has been chief financial officer of Jingwei Textile machinery since April 2008. Mao Qing is also chairman of Shanghai Huayuan thermotherapy Technology Co., Ltd., director of Beijing Jing Peng Cci Capital Ltd, Hongkong Huaming Company Limited, Zhongrong International Trust Co, DURABUSD.O.O, GINAFTrucksNederlandB.V. supervisor and so on.


According to public information, the Jingwei Textile Machinery Limited by Share Ltd is the original Jingwei Textile machinery factory with more than 60 years history. The company is a leading enterprise in the textile machinery manufacturing industry. The company has the core technology of cotton spinning equipment, and has long adhered to the research and development direction of digital intelligence, high speed and high efficiency, reduced employment and green environmental protection, vigorously nurturing core technology and high-end products with independent intellectual property rights, and made great breakthroughs in the intelligent key technologies of cotton spinning sets. The company has also continuously improved its management level and efficiency through information technology, and has continuously strengthened its leading position in the domestic textile machinery manufacturing enterprises, and has continuously increased its influence in the foreign textile machinery market.


According to the financial report, in the first three quarters of 2019, Jingwei Textile Machinery realized total business income of 7 billion 300 million, an increase of 4.2% over the same period last year, and realized net profit of 370 million, down 26.2% from the same period last year. The decline was narrowed compared with the same period last year, and the earnings per share were 0.53 yuan. During the reporting period, the gross profit margin of the company was 28.2%, down 9.2 percentage points from the same period last year, and the net interest rate was 30.4%, down 3.4 percentage points from the same period last year.


Lu Yunting, an analyst at Zhongtai securities, believes that as the pilot of the integration of central enterprises, China Heng Tian Group, the original controlling shareholder of Jingwei Textile machinery, formally integrated into the China machinery industry group in 2017. State machinery group is a key state-owned enterprise directly under the central government. Its business is focused on equipment manufacturing and modern manufacturing services. It has strategic significance for important equipment manufacturing in the country, and nearly 40 wholly owned and holding subsidiaries and 12 listed companies. Jingwei Textile machinery is the only "textile + finance" listing platform in the National Machinery Group, and the trust license of the financial trust group is of great significance to the financial layout, performance contribution, resource integration and the integration of industry and finance.