shiningcrownmegaways| Shanghai Jahwa Pan Qiusheng resigned as chairman and other positions

Shu Dongni, a reporter, has many articles per editor.

May 14, Shanghai Jiahua (600315) (SH600315, share price 21Shiningcrownmegaways.71 yuan with a market capitalization of 146Shiningcrownmegaways81 billion yuan) release about the resignation of the chairman and the selection of the acting chairmanShiningcrownmegawaysOn the morning of the same day, Chairman Pan Qiusheng applied for personal reasons to resign from the company's director, chairman, member of the Board of Directors Committee on Strategy and Sustainable Development, as well as the company's subsidiary holding enterprises and shareholding enterprises, and resigned as chief executive officer and general manager.

At the same time, the 18th session of the eighth Shanghai Jiahua Board of Directors deliberated and passed a bill on the selection of acting chairman of the board of directors and the nomination of candidates for directors. Director Cheng Jianxin was elected acting chairman of the company until a new chairman was elected. at the same time, the board of directors decided to appoint Lin Xiaohai as chief executive and general manager of the company. In addition, Shanghai Jiahua controlling shareholders nominated Lin Xiaohai as a candidate for director (to be submitted to the company's general meeting for consideration).

Lin Xiaohai was born in 1971 with a bachelor's degree in light chemical engineering from South China University of Technology and has 30 years of offline and online management experience in China's FMCG industry. From 2016 to 2020, Lin Xiaohai served as vice president and general manager of the retail industry department of Alibaba Group Holdings Co., Ltd. From 2020 to March 2024, Lin Xiaohai served as Executive Director and CEO of Gaoxin Retail Co., Ltd.

Lin Xiaohai has many years of management experience in multinational consumer goods companies and the FMCG industry in China, and is good at driving transformation and change, and has strong strategic leadership and execution, said the board of directors of Shanghai Jiahua. The board of directors believes that under the leadership of Lin Xiaohai, Shanghai Jiahua will actively embrace the new changes in the retail consumption trend, speed up the pace of change and transformation, and work together to scale new heights.

In April 2020, Pan Qiusheng became chairman and general manager of Shanghai Jiahua.ShiningcrownmegawaysDuring his tenure of office from 2020 to 2023, the revenue of Shanghai Jiahua was 7.032 billion yuan, 7.646 billion yuan, 7.106 billion yuan and 6.598 billion yuan respectively, an increase of-7.43%, 8.73%,-7.06% and-7.16% respectively over the same period last year. The net profit of returning home was 430 million yuan, 649 million yuan, 472 million yuan and 500 million yuan respectively, up-22.78%, 50.92%,-27.29% and 5.93% respectively.

During his tenure, Pan Qiusheng carried out major reforms to Shanghai Jiahua. In 2021, Pan Qiusheng put forward the "123 Management Policy", which takes consumer as the center, brand innovation and channel progress as the two basic points, and culture, system and process and digitization as the three boosters.

In 2023, Pan Qiusheng once again made major adjustments to the company's strategy, organizational structure, marketing innovation, talent echelon and sustainable development, from the original functional system, it was transformed into the department system composed of beauty and skin care and mother and child business department, personal care business department and overseas division.

At the 2024 annual conference of Shanghai Jiahua in March this year, Pan Qiusheng also said that the company has determined the strategy of focusing on categories with high gross margin, high growth rate and high brand premium in the next few years. It will gradually move to the strategy of increasing the proportion of beauty and makeup business and improving the profitability of personal care business through differentiation, and take the initiative to abandon the category business with low gross margin, low profit and low brand premium. He also highlighted "striving to hit overseas business to create the company's second growth curve."