Caixin.com, October 10th (Reporter Wang Bin) A-share listed company's top executive was placed under control again. Zhang Jian, the actual controller, chairman, and general manager of Emma Technology (603529.SH), became the first entrepreneur to be "placed under control" this month.

Tonight, Emma Technology announced that the company recently received a notice from Zhang Jian's family, stating that on October 9, 2024, they received a notice from the Chengde Municipal Supervision Committee that Zhang Jian was placed under control and under investigation. As of the announcement disclosure date, the company has not received any notice from relevant authorities nor been asked to assist in the investigation.

Emma Technology stated that as of the announcement disclosure date, the company has not yet been informed of the progress and conclusions of the above matters. The company will continue to monitor the situation and promptly fulfill its disclosure obligations and highlight relevant risks in accordance with relevant laws, regulations, and normative documents.

Emma Technology emphasized that the company has a sound organizational structure and standardized governance system. As of the announcement disclosure date, the other directors, supervisors, and senior management of the company are all performing their duties normally. There has been no change in the company's ownership control, the board of directors is operating normally, the production and operation management situation is normal, and the above matters will not have a significant impact on the company's normal production and operation.

According to Emma Technology's IPO prospectus, Zhang Jian was born in May 1969 and is currently 55 years old.

Tianyancha data shows that Emma Technology was established in 1999 and entered the electric two-wheeler industry in 2004, also being one of the leading enterprises in the electric two-wheeler industry. In June 2021, Emma Technology officially listed on the Shanghai Stock Exchange main board. On the day of listing, the company's market cap exceeded 16 billion yuan, and the company's founder Zhang Jian immediately became the richest man in Shangqiu, Henan. Currently, Zhang Jian directly holds 68.78% of Emma Technology's shares, and together with his daughter Zhang Gege, they collectively hold a 69.8951% stake in Emma Technology.

According to the Hurun Research Institute's list, as of January 15, 2024, Zhang Jian and Zhang Gege ranked 1577th on the list with a wealth of 16.5 billion RMB. As of the close on October 10th, Emma Technology's market cap was 29.7 billion yuan. Based on this calculation, Zhang Jian's personal wealth has exceeded 20 billion yuan.

Aima Technology is a typical family-owned enterprise, with Duan Hua, Vice Chairman and Vice General Manager of the company, being the wife of Zhang Jian. According to Aima Technology's 2023 annual report, Zhang Jian, Duan Hua, and Zhang Gege received pre-tax total compensation of 3.2137 million yuan, 3.0823 million yuan, and 0.5072 million yuan respectively, totaling 6.8032 million yuan.

In fact, Aima Technology's path to listing was not smooth sailing. During the initial IPO attempt, Aima Technology was exposed to news of deteriorating relationships at the senior level. Vice President Gu Xinjian was accused of extorting and blackmailing CEO Zhang Jian for an amount of 0.235 billion yuan. On December 2, 2013, Zhang Jian reported to the Jinhai District Branch of the Tianjin Public Security Bureau accusing Gu Xinjian of repeated extortion and blackmail. Gu Xinjian was arrested on February 9, 2014.

Aima Technology's main business is the research and development, manufacturing, and sales of electric bicycles, electric light motorcycles, electric motorcycles, and other products. In the first half of this year, the company achieved revenue of 10.591 billion yuan, a year-on-year growth of 3.66%; net income was 0.951 billion yuan, a year-on-year growth of 6.24%.

It is worth noting that from 2020 to 2023, Aima Technology's revenue growth rates were 23.8%, 19.33%, 35.09%, and 1.12% respectively, with a significant decrease in revenue growth rate in 2023. In the 2023 annual report letter to shareholders, Zhang Jian pointed out that the company's performance last year demonstrated strong resilience and strategic strength amidst changes, and anticipated the industry moving towards comprehensive recovery.