(Source: "Securities Daily" 2024-10-18)
October 17th to 18th，The topics “Four people from a company in Jilin left their jobs without permission, some for 16 years” and “A state-owned enterprise in Jilin denies that four people left their jobs and ate empty wages” have been on the hot search list。Reporter learned，A company in Jilin published in the newspaper to “promote” employees to return to work，is a subsidiary of Jilin Forest Industry Group Quanyangquan Beverage Co., Ltd. (hereinafter referred to as "Quanyangquan Beverage"), a subsidiary of A-share listed company Quanyangquan。
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Notice display，Four comrades left their posts without the company’s approval，I haven’t come to work at the company yet。During this period，Quanyangquan Beverage has continued to contact the above-mentioned comrade in various ways to no avail。We are now notifying Ren Moumou and four other comrades by way of announcement to return to the company before October 21, 2024。If you don’t return after the due date，Quanyangquan Beverage will be handled in accordance with the "Labor Law of the People'w88 online casinos Republic of China" and the Jilin Provincial State-owned Assets Supervision and Administration Commission's "Notice on Carrying out Special Rectification of the Problem of Empty Rates" and relevant regulations。
Assistant to the Dean of the School of Law, University of International Business and Economics、Associate Professor Lou QiuranSaid in an interview with a reporter from Securities Daily，This long-standing problem of employees leaving their jobs without authorization，Reflects the serious governance irregularities within the enterprise，His legal affairs、Compliance、Internal control、Executive departments and other departments may have problems with information exchange，There may be a problem of negligence and slackness among different levels of management。
It can be seen from the announcement，The time span of these employees’ absences ranges from 2008 to 2020，The longest employee has been away for 16 years。The person in charge of the company’s human resources department said，These employees are all ordinary front-line employees，The company has not paid him wages or provided benefits since the day he left his job，There is no such thing as free money。These 4 employees are “established”，The company still wants them to return to work。
This notice has aroused public attention on the long-term absence of state-owned enterprise employees。According to the relevant person in charge of the company，Originally planned to deal with these four employees in 2019，But postponed due to objective reasons。But the employees mentioned in the announcement will leave their jobs in 2020，Raising questions about whether the company is delaying processing employees who leave their jobs。
atLou QiuranIt seems，This kind of management chaos not only causes the company to incur unnecessary operating costs in the short term，It will also have a negative impact on the company’s long-term development，If things continue like this、Employee morale will definitely be greatly affected。Secondly，May cause employees to lose confidence in management’s management capabilities，Possible company compliance、The functions of the risk control department have a negative impact。Last，The existence of management chaos may indicate that the company may still have other chaos，Or it may indicate that the company lacks the ability to deal with chaos，Will have a negative impact on the company's reputation and investor confidence。
Performance under pressure
While management ability is being questioned，Quanyangquan’s performance is also declining。First half of this year，First half of 2024，Quanyangquan achieves total operating income of 600 million yuan，Decreased by 5 year-on-year.49%；Net profit attributable to parent company 2067.750,000 yuan，43 year-on-year decrease.02%；Deduction of non-net profit loss 788.160,000 yuan，Profit in the same period last year 3041.110,000 yuan；The net cash flow generated from operating activities is 1.0.6 billion yuan，Decreased by 12% year-on-year.37%。
Quanyangquan is produced from Changbai Mountain’s natural drinking mineral water、Sales is the main business，Also engaged in landscape planning and design、Garden Engineering Construction、A comprehensive listed company in the garden maintenance and smart environmentally friendly home business。Reasons for the company’s performance decline in the first half of 2024，Quanyangquan pointed out in the financial report: "Mainly due to the significant decline in the garden and home furnishing auxiliary industry due to industry reasons。”
According to reporter’s understanding，Although some investors asked on the Shanghai Stock Exchange e-interactive platform "whether the company will divest the forestry and door industries，To focus on mineral water and liquor business”，However, Quanyangquan Company currently has no plans to divest its gardening and other related businesses。The company’s reply to this is，They currently adhere to the w88 casino gamesindustrial development strategy of “one main and one auxiliary”，The main business is the natural mineral water industry，Other businesses are considered non-main business segments。
Focus on the main business，Quanyangquan’s subdivided industry is the natural mineral water industry，According to statistics from China Beverage Industry Association，Quanyangquan ranks among the top three natural mineral waters and the top two bottled natural mineral waters in the country，Currently, the only listed company in the A-share market with mineral water as its main business is Quanyangquan。
At the performance briefing held in September，Quanyangquan said: “The overall sales volume of Quanyangquan mineral water continues to grow，Production capacity and sales volume basically match，Capacity utilization is relatively high，In recent years, we have continued to promote technological transformation or new projects to increase production capacity。Overall，The company’s production capacity construction and water reserve，Able to adapt to the needs of long-term development in the future。”
Zhu Danpeng, vice president of the Guangdong Provincial Food Safety Promotion Association, told a reporter from Securities Daily: "Quanyangquan has not yet achieved nationalization and omni-channel operation，On airplanes only、Special channels such as high-speed rail have certain coverage，But there are not many appearances on mainstream traditional channels。Therefore，Its overall size is small，Lower profit。Also，Quanyangquan is also involved in ginseng extract、Liquor and other side businesses。I think，Not strong in its main business、Too many side jobs、When the front is too long，Its development prospects are not promising。”
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