Bad news came from A-shares,
The legendary chairman passed away.
The former chairman of 50 billion A shares passed away
On the evening of April 7, Shanghai Electric Co., Ltd. issued an obituary, and the company's board of directors announced with great sadness that Mr. Wu Ligan, the founder and former chairman of the company, passed away on April 4, 2024 at the age of 83. Mr. Wu Ligan is one of the family members of Wu Ligan, the actual controller of the Company, and the death of Mr. Wu Ligan will not lead to a substantial change in the actual controller of the Company.
Mr. Wu Ligan founded the company's predecessor Kunshan Hushi Electronics Co., Ltd. in 1992, adhering to the business philosophy of "growth, evergreen, and mutual benefit", diligent and dedicated, honest and innovative, and leading the company to long-term sustainable and healthy development. The directors, supervisors, senior management and all employees of the company would like to express their highest respect for Mr. Wu Ligan's hard work and outstanding contributions, and express their deep condolences and deep remembrance for the passing of Mr. Wu Ligan.
On the evening of March 28, Shanghai Electric Co., Ltd. just issued an announcement announcing the resignation of Wu Ligan as chairman of the company, and the announcement said that the board of directors received the resignation of Mr. Wu Ligan, chairman of the board of directors on March 28, 2024. Due to his advanced age, Mr. Wu Ligan resigned as the chairman of the board of directors, a director of the company and the establishment of a special committee under the board of directors.
According to the official website, Hudian Co., Ltd. is a company engaged in the semiconductor industry, which was established in Kunshan City, Jiangsu Province in 1992 and listed on the SME Board of the Shenzhen Stock Exchange in 2010.
Since its establishment, the company has been based on the R&D, design and manufacturing of printed circuit boards, focusing on the implementation of the established stable growth strategy of "focusing on the main business of PCB and striving for excellence", and has now developed into one of the important brands in the printed circuit board industry and enjoys a high reputation in the industry. The company's leading products are widely used in communication equipment, automobiles, industrial equipment, data centers, networking, microwave radio frequency, semiconductor chip testing and other fields.
Legendary Taiwanese businessmen
According to the annual report of Shanghai Electric Co., Ltd., Wu Ligan is a provincial citizen of Taiwan Province of China (has obtained the status of permanent resident of Hong Kong), born in 1941, graduated from the Department of Chemistry of Tunghai University in Taiwan, China, and is the founder of the company.
According to public reports, Wu Ligan is a legend in the printed circuit industry. At the beginning, he carried the family background of the "cotton king" and resolutely came out to establish a PCB factory, which was a must at that time. After that, under pressure, he came to Kunshan to build a factory and established the first Taiwan-funded enterprise in Kunshan with an investment of more than 30 million US dollars - Hushi Electronics Co., Ltd., which started his large-scale investment in the mainland. Most of the Taiwanese businessmen who went to Kunshan to invest had received his help.
In February 2020, Wu Ligan's family ranked 2,000th on the "2020 Hurun Global Rich List" with a wealth of 10 billion yuan. In October 2021, Wu Ligan's family ranked 1123rd in the "2021 Hurun Report" with a wealth of 6.5 billion yuan. In November 2022, Wu Ligan's family ranked 1127th in the "2022 Hurun Report" with a wealth of 5.5 billion yuan.
Since 1997, the company has been awarded the title of "Double Excellent Enterprise" by the Ministry of Foreign Trade and Economic Cooperation for six consecutive years, and has been awarded the titles of "Excellent Taxpayer in Suzhou", "Top Ten Enterprises in Kunshan", "Advanced Unit of Comprehensive Management in Kunshan", "Best Foreign-invested Enterprise" and so on.
According to the financial report, in 2023, the company achieved operating income of 8.938 billion yuan, a year-on-year increase of 7.23%, and net profit attributable to the parent company of 1.513 billion yuan, a year-on-year increase of 11.09%. In the fourth quarter of 2023, the revenue was 2.856 billion yuan, an increase of 23.15% from the previous quarter, and the net profit attributable to the parent company was 559 million yuan, an increase of 21.50% from the previous quarter.