随后，柳志伟告知第一大股东邢媛已实际控股公司，并计划收购她持有的股权。邢媛仅同意意向卖出 10%的股权并收取了首付款。然而，在接下来的一年时间里，柳志伟不断尝试将公司股权继续转让给其 他机构与人员。 登录新浪财经APP 搜索【信披】查看更多考评等级 来源：小基慢跑 2026年1月9日，证监会一纸批复核准上海长宁国有资产经营投资有限公司成为淳厚基金主要股东、实际 控制人。这场自2022年3月开始的股权纠纷闹剧，终于画上句号。 淳厚基金成立于2018年11月3日，注册资本1亿元人民币，原本是一家个人系公募基金公司。据初期股权 结构显示，六位自然人股东分别为邢媛、柳志伟、李雄厚、李文忠、董卫军和聂日明。 这场持续近四年的公司治理危机，不仅让淳厚基金自身付出沉重代价，也为整个公募基金行业敲响了警 钟。 闹剧起源：违规股权转让 时间回溯至2022年3月左右，淳厚基金二股东柳志伟在股东间使用"不对称""时间差"等方式，先行私下 与三股东李雄厚、四股东董卫军沟通股权收购事宜。 柳志伟先后签署股权买卖协议，完成收购李雄厚、董卫军的股权，在未通知其他股东和公司的情况下， 实际拥有了公司绝对控股权。 淳厚基金旗下产品的定期报告也 ...

点击 最 下方 " 推荐"、"赞 "及" 分享 "，"关注"材料汇 添加 小编微信 ，遇见 志同道合 的你 正文 第一部分 关于研究与投资的心得体会分享 我先就自己从业这么多年做研究和投资的一些体会，和大家做一个分享。 一、时间是每个人唯一稀缺的资产，要学会研究最重要的问题 做研究最为重要的是时间管理，我们每一个人最稀缺的就是时间。研究工作面对的是一个非常复杂 的、非结构化的海量信息。时间的稀缺性与信息的无限性就会派生出两个问题： 1、要研究最重要的问题 我一直说，我们研究的应该是大问题，要把握的是产业与企业的大方向，并在判断与决策上获得大 概率上的正确。概括起来就是，大问题、大方向、大概率。 无论是资深的分析师还是学校刚毕业的初学者，都一样要去学习站在产业的最高处、最前沿，以企 业老板的角度去思考大问题，即使在一些细枝末叶的问题上做得多么完美，其价值也是有限的。大 问题上的模糊准确远远比小问题上的完美精确更为重要。 2、在正确的路径上持续积累 解决效率问题的第一步是要树立科学合理的正确的研究方法，然后通过不断的学习，去持续优化这 个思维框架与方法体系。要在正确的路径上持续地积累，守正出奇。不能在丛林里面的羊 ...

Core Viewpoint - The article discusses the dissatisfaction of Ding Yanhui, the chairman of Aibisen, regarding the company's governance structure and compensation mechanisms, leading him to vote against the chairman election due to concentrated shareholding issues and ineffective incentive systems [1][3]. Group 1: Governance Structure - Ding Yanhui expressed concerns about the serious issues within the company's governance structure, highlighting the concentrated shareholding that hinders optimization through negotiation [1]. - He has communicated repeatedly with the company regarding the concentrated shareholding problem but has not seen any results, which prompted his dissenting vote during the chairman election [1]. Group 2: Compensation Mechanism - Ding criticized the company's profit distribution mechanism as being inadequate and the compensation distribution mechanism as unscientific and unreasonable [1]. - In 2024, Ding Yanhui received a total pre-tax compensation of 4.3556 million yuan, which includes 1.7399 million yuan from the employee stock ownership plan, marking a 51% increase from his 2.8845 million yuan salary in 2023 [3]. Group 3: Personal Philosophy - Ding Yanhui stated his commitment to reform, emphasizing his motto of contributing more taxes to the state and providing better compensation to employees [1].

Core Viewpoint - The recent board resolution announcement from A-share listed company Absen has sparked market discussions, particularly due to the unique situation where the founder and chairman Ding Yanhui cast the only dissenting vote against his own election, citing dissatisfaction with the chairman's salary of 4.35 million yuan [1][11]. Group 1: Voting and Reactions - During the first meeting of the sixth board of directors on November 28, 2025, all 9 directors attended, and the election of the chairman resulted in 8 votes in favor and 1 vote against, which was from Ding Yanhui himself [3][13]. - The announcement of Ding's dissent quickly gained traction on social media, with mixed reactions from netizens questioning why he was dissatisfied with a salary of 4.35 million yuan [3][13]. Group 2: Salary Data - Ding Yanhui's pre-tax remuneration for 2024 was 4.3556 million yuan, which includes 1.7399 million yuan from the employee stock ownership plan, marking a 51% increase from 2.8845 million yuan in 2023 [5][15]. - Over five years, his salary has increased nearly fivefold from 730,000 yuan in 2020 to 4.3556 million yuan in 2024 [5][15]. - Compared to peers, Ding's salary is significantly higher, with the chairman of Leyard earning 1.051 million yuan, and others earning even less, indicating that Ding's compensation is more than double the average salary of 2.0971 million yuan for other executives at Absen [5][16]. Group 3: Company Performance - In 2024, Absen reported a revenue of 3.663 billion yuan, a year-on-year decline of 8.58%, and a net profit attributable to shareholders of 117 million yuan, down 62.98% [6][16]. - However, in the first three quarters of 2025, the company showed signs of recovery with a revenue of 2.872 billion yuan, up 5.66%, and a net profit of 185 million yuan, up 57.33% [6][16]. Group 4: Company Response and Governance Issues - In response to the public outcry regarding Ding's salary dissatisfaction, Absen clarified that the statement was a clerical error, and Ding's actual concern was about the overall incentive mechanism of the company [7][17]. - Ding aims to push for reforms in the company's governance structure, focusing on optimizing governance, improving the distribution of benefits, and adjusting the incentive mechanisms [7][17]. Group 5: Shareholder Dynamics and Market Reaction - As the founder and actual controller of Absen, Ding holds approximately 12.5 million shares, accounting for 33.78% of the total share capital, with a market value of around 2 billion yuan [8][18]. - Ding's limited influence over his own salary is highlighted by his absence from the compensation and assessment committee, which is led by another individual [9][21]. - Following the "self-opposition" incident, Absen's stock price fell by 1.36% to 16.01 yuan per share, with a total market capitalization of approximately 5.9 billion yuan [10][22]. - The incident has drawn attention to potential adjustments in the executive compensation system, with the board also passing a proposal to revise the senior management compensation management system [10][23].

12月2日，记者致电丁彦辉了解反对票背后的更多情况。关于为何以薪酬为理由投出本次反对票，丁彦辉称，"这是董秘的笔误"，自己其实是对公 司的激励机制不满。 丁彦辉表示，股票是上市公司最重要的资产，股权结构是上市公司治理的根基。但目前来看，艾比森的股权结构非常集中，且难以通过协商进行优 化。"针对股权结构过度集中的问题，我已与公司反复沟通却无果。两位股东始终不愿意减持，公司治理结构无法得到优化。因此，我在董事长选 举环节投出反对票。" 另据每日经济新闻，记者就此事对丁彦辉进行了专访，他在给出的回应中提到三点："公司的治理结构存在严重问题；公司的利益分配机制很不健 全；公司的薪酬分配机制不科学、不合理，不完善。"他还表示，要从自己开始，下决心改革。"'给国家多交税，给员工多发钱'，这是我的座右 铭。" 资料显示，丁彦辉1973年出生，中国国籍，无境外永久居留权，1996年毕业于甘肃陇东学院中文系，2004年至2010年在清华大学深圳研究生院 EMBA班、金融投资班、市场营销班学习。2001年8月创业成立艾比森，一直担任公司董事长、法定代表人至今（其中有十八年兼任总经理），现 并任惠州艾比森董事，艾比森投资公司董事长 ...

A股上市公司艾比森的一则《第六届董事会第一次会议决议公告》近日引发广泛关注。公告透露，审议 通过《关于第六届董事会董事长的议案》，但在相关补充信息中显示，丁彦辉投了1票反对，反对理由 是"对董事长岗位薪酬不满意"。对此，记者联系艾比森求证，对方回应称"这是董秘的笔误"，实际是董 事长对公司激励机制不满。艾比森方面还表示，董事长想要做一些改革创新，例如，公司治理结构不健 全，要优化公司治理结构；利益分配机制不健全；薪酬激励机制不合理。 (蓝鲸新闻) ...

对此，顺义法院持续深化"联企e站"特色品牌建设，创建优化营商环境法官工作站，设立"帮企来"人民 调解委员会驻顺义法院调解室，组建法护营商服务队、以案释法讲师团，通过坚持"真保护"、发现"真 问题"、解决"真需求"，以高质量民商事审判工作助力打造一流法治化营商环境。 张丹芳指出，民营企业涉诉案件主要具有以下特点：一是涉诉案件类型集中，主要为合同纠纷，其中买 卖合同纠纷占比最高；二是新型案件持续涌现，数字资产权属争议、人工智能应用纠纷、非典型担保效 力认定、独立保函欺诈等新类型案件数量明显增加；三是公司治理缺陷突出，如财务信息透明度不足、 内部管理制度缺失等，易诱发股东权利冲突，进而导致公司治理僵局。 新京报讯(记者张静姝)11月24日，北京市顺义区人民法院召开"依法平等保护做实暖企安商"服务保障民 营经济健康发展新闻通报会，全面梳理该院2022年以来审理的涉民营企业案件，系统总结案件审理概况 特点、经验做法，针对性提出民营经济健康发展对策建议。 顺义法院党组成员、副院长张丹芳介绍，近年来，随着辖区民营经济蓬勃发展，顺义法院受理的涉民营 企业案件逐年增加，2024年受理涉民营企业案件近2.5万件，约占受理案件总数 ...

11月20日，首创证券（601136）发布第二届董事会第十九次会议决议公告，宣布公司管理层及董事会架 构迎来重要调整。会议全票通过多项人事议案，张涛当选公司第二届董事会董事长，刘惠斌任副董事 长，蒋青峰被聘任为总经理，同时董事会专门委员会成员同步调整，任期均至本届董事会届满。 张涛接任董事长，毕劲松卸任 公告显示，本次董事会审议通过《关于选举公司第二届董事会董事长的议案》，张涛先生当选为公司第 二届董事会董事长，任期自本次董事会审议通过之日起至本届董事会任期届满时止。原董事长毕劲松先 生不再担任该职务。 据了解，本次董事会应出席董事11名，实际出席11名（其中现场7名、视频4名），会议由过半数董事推 举张涛主持，各项议案均以11票同意、0票反对、0票弃权的结果获全票通过，会议召开及表决程序符合 《公司法》及公司章程规定。 刘惠斌当选副董事长，完善治理架构 在董事长选举之外，董事会同步审议通过《关于选举公司第二届董事会副董事长的议案》，刘惠斌先生 当选为公司第二届董事会副董事长，任期与董事长一致，至本届董事会届满。公告指出，副董事长的任 职将进一步完善公司治理结构，助力董事会高效决策。 蒋青峰任总经理，张涛不再 ...

Core Points - The company has announced the cancellation of its supervisory board and will allow the audit committee to assume its responsibilities, aiming to enhance corporate governance structure [7][8] - The company has made amendments to its articles of association, including the removal of provisions related to the supervisory board and the introduction of a section on the obligations of controlling shareholders and actual controllers [9][10][11] - The company has reduced the required shareholding percentage for shareholders to propose motions at the shareholders' meeting from 3% to 1% [12] Financial Data - The financial statements for the third quarter have not been audited, and the company has reiterated the accuracy and completeness of its financial information [1][6] - The company has restated its financial data for the previous year due to the acquisition of Xinjiang Zhongcan Comprehensive Energy Co., Ltd., which was included in the consolidated financial statements [2] - The net profit of the acquired entity before the merger was reported as -2,024,169.83 yuan, compared to -535.16 yuan in the previous period [6]

Core Points - Jiangsu Yueda Investment Co., Ltd. has proposed amendments to its articles of association, including the cancellation of the supervisory board, to enhance corporate governance and operational compliance [1][6][8] - The proposal requires approval from the shareholders' meeting and authorization for the board and management to handle related business registration changes [2][10] Group 1: Board Meeting Details - The 7th meeting of the 12th Board of Directors was held on October 13, 2025, with all 11 directors present, meeting legal and regulatory requirements [5][7] - The board unanimously approved the proposal to amend the articles of association and cancel the supervisory board [6][9] Group 2: Shareholders' Meeting - The first temporary shareholders' meeting of 2025 is scheduled for October 29, 2025, at the company's headquarters [11][16] - Voting will be conducted through a combination of on-site and online methods, with specific details provided for registration and participation [17][25]