Huayao Huaheng Company has achieved employee shareholding as the first state-owned mixed-ownership enterprise in our province to complete employee shareholding. "I used to be just an ordinary employee of a state-owned enterprise. I learned from North China Pharmaceutical Co., Ltd

Huayao Huaheng Company realizes employee shareholding

is the first state-owned holding mixed-ownership enterprise in our province to complete employee shareholding

"In the past, I was just an ordinary employee of a state-owned enterprise. Now through employee shareholding, my vital interests and corporate development are closer." Wang Guoxin, deputy director of the penicillin V potassium fermentation workshop of Hebei North China Pharmaceutical Huaheng Pharmaceutical Co., Ltd. (hereinafter referred to as Huaheng Company), invested 100,000 yuan to hold the company's shares. He said this when talking about his understanding of the reform of mixed ownership of state-owned enterprises .

It was learned from North China Pharmaceutical Co., Ltd. that its controlling subsidiary Huaheng Company, as the first batch of state-owned mixed-ownership enterprises in the province, has carried out employee shareholding pilot units. It has completed changes in employee shareholding and related industrial and commercial registration, with its registered capital increased from 5 million yuan to 210 million yuan. It is reported that Huaheng Company is the first state-owned mixed-ownership enterprise in our province to complete employee shareholding.

Huaheng Company was established in 2015, with North China Pharmaceutical Co., Ltd. holding 60% of the shares and Hebei Coastal Industrial Investment Fund Partnership holding 40% of the shares. Huaheng Company is the only company in the country that produces penicillin V potassium raw materials. At the same time, its vitamin B12 has achieved production in the entire industrial chain, and is leading in the technology and equipment industry.

As an important project for the relocation, transformation and upgrading of Huayan, Huaheng Company's development goal is to build a high-end R&D and production base mainly based on high-end characteristic raw materials such as antibiotics and vitamins. In order to achieve the goal, it is urgent to establish a market-oriented operation system, form a long-term incentive mechanism, reward and punishment constraint mechanism and interest distribution mechanism to attract and retain high-quality talents.

General Manager of Huaheng Company Li Xiaoyu said that with the support of the Provincial State-owned Assets Supervision and Administration Commission, Jizhong Energy Group and Huayao Group, they actively explored and innovated to establish a limited partnership as an employee shareholding platform, and adopted the method of simultaneously increasing capital with the original two shareholders to introduce a third-party employee shareholding platform to hold shares. 50 registered employees of Huaheng Company, including core business management personnel, technical backbones and business backbones, jointly invested 7.1 million yuan to achieve employee shareholding, and Wang Guoxin is one of them.

During the implementation of employee shareholding, Huaheng Company adhered to the principles of "grasping the key minority", "same share price", "job changes to stocks", and "people take stocks to withdraw", and made detailed agreements on the methods of holding, equity management, equity transfer and exit, which fully protected the interests of shareholders of all parties. On the premise of fully investigating the product development potential, the smooth progress of employee stock ownership has made the second largest shareholder, Hebei Coastal Industrial Investment Fund, more confident in the development prospects of the enterprise. At present, the capital increase funds of the employee stock ownership platform, North China Pharmaceutical Co., Ltd. and Hebei Coastal Industrial Investment Fund have all been received.

Chang Zhishan, assistant general manager of Huayao Group, said that Huaheng Company's implementation of employee shareholding is conducive to promoting the effective binding of the interests and risks of the company's owners and operators, improving capital operation efficiency, and enhancing the vitality of the company's development. "At present, there is no mature experience to follow in implementing employee shareholding by state-owned mixed-ownership enterprises." Chang Zhishan said that in terms of introducing strategic investors, scientifically setting equity ratios, and improving the market-oriented personnel selection and employment system, Huaheng Company should continue to explore and strive to provide a certain reference for our province to comprehensively promote the mixed-ownership reform of state-owned enterprises.

(Source: Hebei Daily client)