Billionaire A-share company Da Bei Nong's former chairman passed away, shares inherited by wife and daughter, actual controller changed to spouse

A-share listed company Dabeinong (002385) recently announced that the former actual controller and chairman, Shao Genhuo, passed away on February 3 due to illness. During his lifetime, he directly held 928 million shares of the company, accounting for 21.58% of the total share capital. According to the notarization issued by Beijing Jingcheng Notary Office, Shao Genhuo did not leave a will nor sign any inheritance or support agreement with others. Half of his shares (i.e., 464 million shares) are considered his estate and will be inherited jointly by his spouse, Mo Yun, and his minor daughter, Shao Moumou.

Based on the division of joint marital property and inheritance arrangements, Mo Yun ultimately inherited 696 million shares, accounting for 16.18% of the total share capital; Shao Moumou inherited 232 million shares, accounting for 5.39%. Calculated at the company’s stock price of 4.08 yuan per share on March 20, the value of Shao Moumou’s inherited shares is approximately 946 million yuan. After this change in equity, Mo Yun and Shao Moumou, as concerted actors, collectively hold 21.58% of the company’s shares. Since Shao Moumou is a minor, her mother, Mo Yun, as her legal guardian, will exercise shareholder rights on her behalf, including attending meetings and voting. Mo Yun’s actual control over voting rights is sufficient to significantly influence the company’s shareholder meeting resolutions, thus the company’s controlling shareholder and actual controller have changed from Shao Genhuo to Mo Yun.

Public information shows that Shao Genhuo was born in July 1965, holds a Ph.D. in Agronomy from China Agricultural University, and is the first pig nutrition Ph.D. in China. In 1991, he became the first doctoral teacher at Beijing Agricultural College. After teaching for more than a year, he decided to resign and start his own business. In 1993, he used all his savings of 20,000 yuan to rent two small rooms in Wanquanzhuang, Haidian, Beijing, with his entrepreneurial partners, founding Dabeinong Group. From university teacher to entrepreneur, Shao Genhuo’s transformation has been called by the China Agricultural University Alumni Association as “the nation’s first ‘Pig Farming Ph.D.’ entrepreneurial story.”

Financial data shows that Dabeinong achieved operating revenue of 20.744 billion yuan and net profit attributable to the parent of 257 million yuan in the first three quarters of 2025. However, according to the latest performance forecast, the company expects a full-year loss of 450 million to 580 million yuan in 2025. This change in actual control and the performance fluctuations have attracted market attention to the future development of this agricultural technology enterprise.