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

Source: 21st Century Business Herald Author: Jiang Peixia

On the evening of March 20, the A-share listed company Dabeinong (002385), with a market value of over 10 billion yuan, announced that its 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 in the company (i.e., 464 million Dabeinong shares) are part of 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 law, Mo Yun inherits 696 million shares, accounting for 16.18% of the company’s total shares; the 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.

Following this transfer of rights, Mo Yun and Shao Moumou, as concerted actors, hold a combined 21.58% stake in Dabeinong. 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 voting power—are exercised by Mo Yun in accordance with the law. Mo Yun’s voting rights are sufficient to significantly influence the resolutions of the shareholders’ meeting. As a result, the controlling shareholder and actual controller of the listed company 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 the parent of 257 million yuan. According to the 2025 annual performance forecast, the company expects a loss of 450 million to 580 million yuan.

Public information shows that Shao Genhuo, the former actual controller of Dabeinong, holds a Ph.D. in Agronomy from China Agricultural University and is China’s first pig nutritionist with a doctoral degree. 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 Doctor” in China. However, after just over a year of teaching, Shao Genhuo decided to leave the stable job and venture into business—using all his savings of 20,000 yuan to co-found Dabeinong in 1993, renting two small rooms in Wanquanzhuang, Haidian.