We are all investing in this field and seeing significant donations again! Kweichow Moutai 100 million, Huafeng Chemical 500 million

Release time:Apr 16, 2024 20:37 PM

Last week, two more A-share companies made big donations - Kweichow Moutai and Huafeng Chemical.

Kweichow Moutai is donating to the China Youth Development Foundation. According to the recent announcement of Kweichow Moutai, it is planned to donate 100 million yuan to the China Youth Development Foundation to carry out the 2023 "China Moutai · the pillar of the country" public welfare education activities. It is understood that since 2012, the China Youth Development Foundation, the Communist Youth League of Kweichow Moutai Provincial Party Committee and Kweichow Moutai jointly launched a large-scale public welfare student aid activity of "China Maotai · the pillar of the country", Guizhou Maotai has donated 100 million yuan every year to support college freshmen who participated in the college entrance examination that year and were admitted by full-time ordinary colleges and universities, but whose families have financial difficulties.

Huafeng Chemical's donation target is the Education Development Foundation of Rui'an Middle School in Zhejiang Province. It plans to donate in installments from 2023 to 2026, with a total donation amount of 500 million yuan, to establish a "first-class school in the province, leading in the Yangtze River Delta, and influential nationwide" school.

Maotai Public Welfare Assistance for Poor College Students

As the leading representative of A-share listed companies, Kweichow Moutai, with a market value of more than 2 trillion yuan, has attracted much attention from the market. In fulfilling social responsibility, it has become an industry model.

According to public data, since 2012, Kweichow Moutai Wine Co., Ltd., together with China Youth Development Foundation (CYDF) and provincial youth development foundations, has carried out the "China Moutai · the pillar of the country" Hope Project Dream Fulfillment Action, which is used to fund college freshmen who participated in the college entrance examination that year and were admitted by full-time ordinary colleges and universities, who are excellent in both academic and moral character but whose families have financial difficulties.

According to Guizhou Daily, since its launch in 2012, as of the end of 2022, the project has received a total of 1.108685 billion yuan in donations, supporting 214500 new students from economically disadvantaged universities across the country, covering more than 2700 counties in 31 provinces. It accurately supports disadvantaged students from their families to enter universities and realize their life dreams.

Starting from 2021, this project will continue to support college freshmen in solving the practical difficulties of "from home to school", and expand pilot funding in 11 provincial universities such as Guizhou University, Guizhou Normal University, and Guizhou Medical University. The focus will be on disadvantaged students in majors closely related to the needs of rural revitalization, such as engineering, agriculture, and science, to help cultivate young reserve talents urgently needed for rural revitalization.

Huafeng Chemical plans to donate 500 million yuan to establish a public school

Recently, Huafeng Chemical, a listed company in Wenzhou, announced that the company plans to donate a total of 500 million yuan to the Education Development Foundation of Rui'an Middle School in Zhejiang Province in installments from 2023 to 2026, in order to establish a "first-class school in the province, leading in the Yangtze River Delta, and nationally influential" school.

It is reported that the school will be a boarding public school, covering both junior and senior high schools. The school covers an area of approximately 223.8 acres and has a building area of approximately 150000 square meters. The company's donated funds are mainly used for the construction of the junior high school department and the leveling of the junior high and senior high school departments, or for other purposes determined by both parties.

According to the data, Ruian High School in Zhejiang Province has been established for 125 years and currently has 617 registered doctoral alumni. Zhang Wenhong, the director of the Department of Infectious Diseases at Huashan Hospital affiliated with Fudan University, and his brother Zhang Wenyu, a 1985 alumni of Ruian High School and the director of the Institute of Artificial Intelligence at Zhejiang University of Finance and Economics, all graduated from the school.

Listed companies are enthusiastic about education donations

In fact, in recent years, many A-share listed companies have been enthusiastic about educational public welfare and have announced donations to education development funds, or used to directly support students in completing their studies through scholarships, as well as directly building schools, including middle schools, universities, etc; There are also A-share company executives donating shares of listed companies to support the development of their alma mater and cultivate industry development talents.

In May of this year, Muyuan Stock also announced that the company had voluntarily donated RMB 100 million to the West Lake Education Foundation in Hangzhou. The donated funds will be used by the Hangzhou West Lake Education Foundation to support the construction and development of West Lake University or related public welfare education and scientific research, including but not limited to talent construction, discipline construction, infrastructure construction, student training, academic exchanges, research and other personnel compensation and subsidies, and other long-term development.

According to the data, the Hangzhou West Lake Education Foundation is the organizer of West Lake University and the fundraising entity of the West Lake University Donation Fund, while Qin Yinglin, Chairman of Muyuan Group, is the Vice Chairman of the Board of Directors of West Lake University. This donation constitutes a related party transaction. West Lake University was founded by Shi Yigong, a famous scientist and academician of the CAS Member.

In addition to direct cash donations from listed companies, the chairman or actual controller of listed companies also donates their shares through donations. The recipient mainly receives the dividend income from these shares or the consideration obtained from the transfer of corresponding shares.

In July this year, Gailun Electronics disclosed that Chairman Liu Zhihong would donate his indirectly held 1.78 million shares of the company to the Education Development Foundation of South China University of Technology in Guangdong Province. If calculated based on the stock price of Gailun Electronics at that time, the market value of the proposed donated shares would exceed 40 million yuan.

In April, Li Yinhui, Chairman of Tianyoude Liquor, donated 100 million yuan worth of shares to his alma mater Peking University. According to the announcement at the time, Tianyoude Group signed a donation agreement with Peking University Education Foundation. Tianyoude Group plans to donate its company stocks to Peking University Education Foundation in five batches for free, with a total market value of 100 million yuan. The donated stocks are all unrestricted circulating stocks, and the donation will be made once a year starting from 2023. The first donation was completed in April, and all will be completed before December 1, 2027. It is worth mentioning that after receiving its first donation, the Peking University Education Foundation has successfully become one of the top 10 shareholders of Tianyoude Wine.

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