Financial Services Association, May 5 (Reporter Huang Lu) Just a few days after Qiao Luyu, the actual controller and chairman of Jinjia Co., Ltd. (002191.SZ), known as the “leading tobacco label,” was released from lien, a new lien storm resurfaced.

This evening, Jinjia Co., Ltd. announced that on May 1, the company received a notice from the Dalian Jinzhou District Supervisory Commission that Li Dehua, the company's director and deputy general manager, was investigated and placed in custody.

The announcement did not disclose the specific reason why Deputy General Manager Li Dehua was investigated; it only stated, “At present, the company has made proper arrangements for the relevant work that Li Dehua is responsible for. The investigation matters in this case will not have a significant impact on the company's daily operations, and the company's various production and operation activities are carried out normally.”

According to his resume, Li Dehua is a “veteran” employee of Jinjia Co., Ltd., born in 1968, and has a high school education. He has worked for the company since 1996. He is currently the company's director, executive deputy general manager, and general manager of the production and marketing branch. It holds about 6.68 million shares of Jinjia shares and has an annual salary of 2.346 million yuan.

On April 20, Jinjia Co., Ltd. announced that it would hold an online briefing on the 2023 Annual Report. The attendees listed at the time included directors, Executive Deputy General Manager Li Dehua and many other executives, but according to the investor relations activity records released later, Li Dehua did not appear on the April 29 performance briefing list.

A Financial Services Association reporter combed through and found that senior officials of Jinjia Co., Ltd. were frequently filed by supervisory authorities. On the evening of March 15 this year, the company announced that it received a notice from the Enyang District Supervisory Committee of Bazhong City on the same day that Qiao Luyu, the actual controller and chairman of the company, was investigated and placed in custody.

On April 26 this year, the company held the 4th meeting of the 7th board of directors in 2024. Nine directors were expected to attend the meeting, 8 directors actually attended, and 1 absent director (director Qiao Luyu was absent; the specific reason for his absence was retained). The company's supervisors and senior management attended the meeting.

On April 27 this year, Jinjia Co., Ltd. issued an announcement stating that the company had received a notice to lift the lien from the Enyang District Supervisory Committee of Bazhong City, and that the Bazhong Enyang District Supervisory Committee had lifted the lien measures against Qiao Luyu, the company's actual controller and chairman. Currently, Qiao Luyu is able to perform his duties as chairman and legal representative of the company normally.

According to public information, Jinjia Co., Ltd. is mainly engaged in the development and production of high-end packaging, printing products and materials. China Tobacco is the only client for the company's tobacco label products, and Jinjia Co., Ltd. is also known as the leading cigarette label in the industry.

In 2023, the company achieved operating income of about 3.95 billion yuan, a year-on-year decrease of 23.96%; realized net profit of 118 million yuan, a year-on-year decrease of 40.03%. Among them, tobacco label products achieved operating revenue of 1.48 billion yuan, a year-on-year decrease of 24.08%. During the reporting period, the revenue composition of Jinjia Co., Ltd. was: the packaging industry accounted for 77.25%, the new tobacco industry accounted for 10.95%, and other industries accounted for 13.56%.

There are quite a few A-share companies related to tobacco management. According to data from Tonghuashun, there are currently 31 listed companies in the A-share tobacco sector. The main business involves cigarette labels, flavors and fragrances, cigarette bundles, cigarette connectors, e-cigarettes, etc. In addition to Jinjia Co., Ltd., there have previously been Huabao shares, Jiyou shares, and Shunhao shares involving actual controllers that have been detained or companies filed lawsuits.