Source: Changjiang Business News

The A- share market has seen another big "donation".

on the evening of March 13, zhongke chuangda (300496.SZ), a gem listed company, announced that it had recently received information from Zhao hongfei, the controlling shareholder and chairman of the company, that Zhao hongfei planned to donate 169044 shares (accounting for 0.04 of the company's total share capital) indirectly held by dazi county chuangdahui consulting co., ltd. (the company's employee stock ownership platform, hereinafter referred to as "chuangdahui"), for the construction and development of its alma mater, Beijing Institute of Technology, to help Beijing Institute of Technology "double first-class" construction. Based on the closing price of 61.62 yuan per share on that day, the market price of the shares donated by Zhao Hongfei to his alma mater for free exceeded 10 million yuan.

In recent years, with the development of China's modern enterprise system, equity donation is becoming the choice of more caring people in the field of public welfare and charity. While enterprises are growing and developing, outstanding entrepreneurs not only focus on the future of their own companies, but also devote themselves to public welfare and charity.

15 years of self-employment to accumulate billions of dollars

The announcement shows that on March 13, Chuangdahui has signed the "Donation Agreement" with the Beijing Institute of Technology Education Foundation. This donation is planned to be made in a non-transaction transfer manner. After the agreement takes effect, both parties will actively cooperate to submit transfer materials to China Securities Depository and Clearing Co., Ltd., and strive to complete the delivery of this property donation before March 31.

based on the closing price of 61.62 yuan per share on that day, the stock price of 169000 donated by Zhao hongfei to his alma mater for free exceeded 10 million yuan.

Public information shows that Zhongkechuang was established in 2008. At present, the three main businesses are intelligent software business, intelligent network connection car business and intelligent Internet of Things business. The founder of the company, Zhao Hongfei, graduated from Beijing Institute of Technology with a master's degree in computer application, and is currently the chairman of Zhongke Chuangda.

In 1974, Zhao Hongfei was born in an ordinary rural family in Zhenxiong County, Zhaotong Prefecture (now Zhaotong City), Yunnan Province. After studying hard since childhood, he finally got into Beijing Institute of Technology with excellent results.

After graduating with a master's degree in 1998, Zhao Hongfei joined the Software Research Institute of the Chinese Academy of Sciences as a domestic computer operating system software engineer, and later served as the deputy general manager of Peking University Jade Bird Technology Co., Ltd.

In 2008, as mobile phones entered the era of smart phones, Zhao Hongfei quit his high-paying job and started his own business. Zhongke Chuangda, which was co-founded with others, was one of the earliest companies engaged in Android software development in China.

In 2015, Zhongke Chuangda successfully entered the capital market, successfully listed on the Growth Enterprise Market, and gradually grew into the world's leading provider of overall solutions for artificial intelligence and smart industries, with business scope in many countries and regions around the world.

financial report shows that in 2022, Zhongke Chuangda will achieve revenue of 5.445 billion yuan and net profit of 0.769 billion yuan. In 2023, Zhao Hongfei ranked 521st on the Hurun China Rich List with a wealth of 11.5 billion yuan and sixth on the Yunnan Rich List.

as of the date of the announcement, the market value of zhongke chuangda is about 30 billion yuan. Zhao hongfei directly holds 0.122 billion shares of zhongke chuangda, accounting for 26.6 of the total share capital of the listed company. Through Chuangda foreign exchange, it indirectly holds 169000 shares of the listed company, accounting for 0.04 of the total share capital. According to the announcement, after the completion of the donation, Zhao Hongfei will no longer hold the company's shares indirectly through Chuangda Hui, and the number and proportion of his direct shares will remain unchanged.

It is disclosed that the donation will be set up by the Beijing Institute of Technology Education Foundation in accordance with the articles of association to focus on the "double first-class" construction of Beijing Institute of Technology, mainly to support the training of first-class talents, the construction of first-class teachers, the development of first-class disciplines, the construction of first-class infrastructure, the construction of first-class culture and the construction of first-class social service capacity.

Zhongke Chuangda said that Zhao Hongfei is one of the shareholders of Chuangda Hui, holding 2.2 percent of the shares, and the donation is the shares of the company indirectly held by it through Chuangda Hui.

More than a dozen charitable foundations hold more than 0.5 billion shares

With the continuous improvement of China's capital market, as an important part of the national economy, how to assume the corresponding social responsibility of listed companies is not only the expectation of the public, but also the embodiment of the responsibility of every entrepreneur.

from 2011 when Cao Dewang and his wife Chen Fengying donated 0.3 billion shares of Fuyao Glass to Heren Charity Foundation, to the past two years when Tencent Ma Huateng, Xiaomi Lei Jun and Midea He Xiangjian, etc., equity donation has become a public welfare choice for more and more entrepreneurs.

It is worth mentioning that in most equity donations, the recipient of the donation is a foundation established by a company or entrepreneur. On the one hand, this has greatly promoted the development of corporate public welfare and prompted it to fulfill its social responsibilities more actively; on the other hand, it has also allowed the foundation to obtain more abundant funds, providing a stable source of funds for the foundation, and allowing the foundation to operate in the direction of specialization and sustainability.

Take the Beijing Institute of Technology Education Foundation, the recipient of this donation, as an example. The foundation was established in 2010 with a registered capital of 20 million yuan. It is a charitable organization officially registered with the Ministry of Civil Affairs of China. The business unit is the Ministry of Industry and Information Technology. In 2014 and 2021, it was awarded the 4A social organization of the Ministry of Civil Affairs. It is a dynamic and fast-growing new force in the field of higher education in my country. The foundation promises that all the donated funds will be used for the educational development and social welfare undertakings of Beijing Institute of Technology.

According to incomplete statistics from the Changjiang Business Daily, there are currently at least 20 charitable foundations that receive stock donations from A- share listed companies, and at least 15 of them are active. These foundations hold more than 0.5 billion shares in total. The market value exceeds 10 billion yuan, and its holdings mainly come from donations from shareholders of listed companies.

The highest total number of holdings and market capitalization is the Heran Benevolent Foundation. The foundation was founded by Cao Dewang, chairman of Fuyao Glass (600660.SH). It is the first and only national non-public fund established with financial assets (stocks) approved by the State Council.

As of September 30, 2023, the Heren Charity Foundation held 0.17 billion shares of Fuyao Glass; as of the close of March 14 this year, the market value of the above shares was as high as 7.46 billion yuan.

In fact, many charitable foundations have received large share donations, but they have not yet completed the delivery procedures because they do not meet the conditions for lifting the restriction. For example, in October 2023, Zhao Yan, the actual controller of Huaxi Biology (688363.SH), donated 4.8168 million shares of the company to the Education Foundation of Shandong University, with a market value of about 0.3 billion yuan.

in addition, Ningde era in 2021 by the controlling shareholder Ningbo Meishan bonded port area Ruiting investment to Shanghai Jiaotong University Education Development Foundation donated 2 million shares of the company free of charge, the value of up to 1.374 billion yuan.

Industry insiders said that the donation of stocks by listed companies for charity will not affect the stability of the company's equity internally, and it can also obtain certain tax policy support; externally, it is also conducive to public charity organizations to obtain stable cash flow to support the development of charitable activities., Is mutually beneficial and win-win.