The largest shareholder of Wuliangye Co., Ltd. (listed company) is Yibin State-owned Assets Administration Bureau, and the actual controller is Wuliangye Group. Wuliangye has maintained a high profit level since its listing. Wuliangye is a "blue chip" in both liquor industry and all publicly listed companies, and Wuliangye Group has made great sacrifices for listed companies. So what returns did Wuliangye Group get by initiating the establishment of Wuliangye listed company? Generally speaking, there are two common returns for shareholders of listed companies.
The return of dividend distribution of the company; (2) the appreciation of the stock market price held by shareholders.
1998, Wuliangye was successfully listed. However, due to the restriction of listing conditions at that time, only some core assets were successfully listed and became a household name Wuliangye. Other industries constitute the current Wuliangye Group Co., Ltd. Wuliangye and Wuliangye Group are originally a company, sharing interests and risks. This is the root of many related transactions between Wuliangye Co., Ltd. (hereinafter referred to as Wuliangye) and Wuliangye Group Co., Ltd. (hereinafter referred to as Wuliangye Group) in the past few years. Wuliangye and Wuliangye Group are excessively dependent on their business, which leads to the serious independence of Wuliangye in this respect. Secondly, the State-owned Assets Supervision and Administration Commission of Yibin entrusted Wuliangye Group to manage its state-owned Wuliangye shares, but at this time Wuliangye Group is the actual controller of Wuliangye shares, and the two are inextricably linked, which provides great convenience for its related transactions.