Billionaire A-share company chairman passes away, underage daughter inherits 900 million yuan in stock

(Source: Quan Yan She)

On the evening of March 20, A-share listed company Dabeinong (002385) with a market value of over 100 billion disclosed that its former actual controller and chairman, Shao Genhuo, passed away on February 3 due to illness. Before his death, 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 enter into any inheritance or support agreement with others. Half of his shares (i.e., 464 million Dabeinong shares) are part of his estate and are jointly inherited by his spouse, Mo Yun, and his minor daughter, Shao Moumou. Based on the division of joint property and inheritance law, Mo Yun inherits 696 million shares, accounting for 16.18% of the company’s total shares; his minor daughter Shao Moumou inherits 232 million shares, accounting for 5.39%.

As of March 20, Dabeinong’s stock closed at 4.08 yuan per share, with a market value of 17.5 billion yuan. Based on this, the 232 million shares inherited by Shao Moumou are worth approximately 946 million yuan.

After the above equity changes, Mo Yun and Shao Moumou, as concerted actors, hold a total of 21.58% of Dabeinong’s shares. Since Shao Moumou is a minor, her mother, Mo Yun, is her legal guardian. Therefore, all rights associated with the shares inherited by Shao Moumou—including (but not limited to) voting rights, nomination rights, proposal rights, and other positional rights—are exercised by Mo Yun in accordance with the law. Mo Yun’s voting rights are sufficient to significantly influence the resolutions of Dabeinong’s shareholders’ meeting. As a result, the company’s controlling shareholder and actual controller have changed from Shao Genhuo to Mo Yun.

In the first three quarters of 2025, Dabeinong achieved revenue of 20.744 billion yuan and net profit attributable to shareholders of 257 million yuan. According to the 2025 annual performance forecast, the company is expected to report a loss of 450 million to 580 million yuan.

Public information shows that Shao Genhuo, the former actual controller of Dabeinong, was born in July 1965. He holds a Ph.D. in Agronomy from China Agricultural University and is China’s first pig nutrition Ph.D. graduate. In 1991, he began teaching at Beijing Agricultural College, becoming the university’s first doctoral faculty member. The China Agricultural University Alumni Association called him the “Number One Pig Farming Ph.D. in China.” However, after just over a year of teaching, Shao Genhuo decided to leave the stable academic career to start his own business— in 1993, he used all his savings of 20,000 yuan to rent two small rooms in Wanquan Zhuang, Haidian, and founded Dabeinong.