Zhongxin Finance, April 9 (Reporter Xie Yiguan) "accidentally" earned more than 80 million yuan, and turned it all over to the company, and received a supervision letter because of this. The protagonist of today's story is the big guy in the pig breeding industry. Qin Yinglin, the richest man in Henan.

The picture is from the official website of Muyuan Food Co., Ltd.

"Accidentally" earned more than 80 million

　　On the evening of the 7th, Muyuan shares issued an announcement that on February 17th, Chairman Qin Yinglin and senior executive Xu Shaotao sold some or all of the company's convertible corporate bonds (bond abbreviation: Muyuan Convertible Bonds) on February 15th. ), the above transactions constitute short-term transactions.

　　According to the announcement, Qin Yinglin's short-term transaction generated about 86.8881 million yuan in revenue, and Xu Shaotao's short-term transaction generated about 69,150 yuan in revenue.

After the above behavior, Qin Yinglin and Xu Shaotao took the initiative to explain the relevant situation to the company and handed over the proceeds of the transaction to the company.

Screenshot from the announcement of Muyuan Shares.

　　Although the announcement stated that Qin Yinglin did not have the subjective intention of short-term trading, and there was no purpose of using short-term trading to seek benefits.

However, on the 8th, Qin Yinglin still received a supervision letter from the Shenzhen Stock Exchange.

　　This is not the first time Qin Yinglin has been "targeted" by regulatory authorities.

In May 2021, Muyuan shares disclosed that it received the "Decision on Taking Regulatory Talk Measures against Qin Yinglin" issued by the China Securities Regulatory Commission.

　　It is mentioned that on March 15, 2021, Muyuan shares submitted to the China Securities Regulatory Commission the possibility of starting the issuance when some media questioned some of the company's financial indicators and related transactions, and was inquired by the Shenzhen Stock Exchange and asked for verification and explanation. Convertible bonds related materials, and issued a written opinion, indicating that the company has no major issues that affect the issuance and listing and investors' judgment.

Qin Yinglin, as the legal representative and chairman of Muyuan Co., Ltd., signed and confirmed the relevant materials.

Henan's richest man who "raised" pigs

　　As the "helmsman" of a leading pig breeding enterprise in the country, Qin Yinglin has been committed to pig breeding for 30 years.

　　According to the official website of Muyuan Co., Ltd., in 1992, Qin Yinglin and his wife Qian Ying resigned from public office and returned to their hometown in Mashankou Town, Neixiang County.

After 30 years of development, Muyuan has pig farming business covering 215 counties (districts) in 102 cities and 24 provinces (regions) across the country, with total assets of 212 billion yuan, 140,000 employees, and more than 300 subsidiaries. In 2021, 40.26 million live pigs will be sold.

　　In 2019, under the dual influence of African swine fever and the pig cycle, pork prices once "taken off", and Qin Yinglin also became the "richest man in Henan".

　　Although the price of live pigs entered a falling range after that, Qin Yinglin remained firmly in the position of "Henan's richest man".

According to the 2022 Hurun Global Rich List, Qin Yinglin and Qian Ying ranked 10th in China and 46th in the world with a fortune of 175 billion yuan.

The price of pigs fell, and the performance of "Pigma" Muyuan shares was pre-reduced

　　On January 19, Muyuan shares released the 2021 annual performance forecast. It is expected that the net profit attributable to shareholders of listed companies in 2021 will be 6.5 billion to 8 billion yuan, a year-on-year decrease of 70.86%-76.32%.

　　In this regard, Muyuan Co., Ltd. explained that during the reporting period, the company's live pig slaughtered volume increased significantly compared with the same period last year, but due to the gradual recovery of domestic live pig production capacity, the price of live pigs in 2021 will drop significantly compared with the same period of last year, resulting in the company's 2021 operating performance has dropped significantly compared with the same period last year .

　　According to the market dynamics of domestic and foreign agricultural products released by the Department of Market and Information Technology of the Ministry of Agriculture and Rural Affairs, at the end of 2021, the weekly average price of pork in the wholesale market was 23.36 yuan per kilogram, compared with 46.28 yuan per kilogram at the beginning of the year, a cumulative decline of 49.5%.

The daily K chart of Muyuan stock price.

　　The performance is expected to decline. In the capital market, the stock price of "Pigmao" Muyuan shares has fallen all the way from a high of 131 yuan in February 2021, and once dropped to 39.01 yuan in July.

　　As of the close on April 8, 2022, Muyuan shares fell 0.74% to 53.71 yuan per share.

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