"Lao Gan Ma" Tao Huabi and her youngest son withdrew from holding shares Lao Gan Ma

　　in the country, when it comes to "Laoganma" brand hot sauce, everyone knows it. "Laoganma" can be seen in supermarkets of all sizes in China. Because of its unique flavor, "Laoganma" has become a seasoning sauce commonly used in Chinese people's home-cooked diet. At the same time, Tao Huabi, 70, is regarded as a role model in the business world as the founder of "Lao Ganma".

　　According to relevant information, Tao Huabi, who has always been low-key, quietly withdrew from her holdings in the company in 2014 and no longer holds any shares in Nanming Laoganma. This equity change has not been noticed by the outside world so far. At the same time, her youngest son Li Hui no longer appears on the shareholder list. The company that produces "Laoganma" is Guiyang Nanming Laoganma Flavor Food Co., Ltd. located in Guiyang, Guizhou Province. This company was registered and established by Tao Huabi in the 1990s. Last year, its sales reached 4.5 billion yuan.

　　Nanming Laoganma was registered and established in October 1997 with a registered capital of 10 million yuan. At the beginning of its establishment, the company was established with wholly-financed investment from Tao Huabi. In March 2014, a media report mentioned the equity structure of Lao Ganma when it was established, saying that the shareholder structure was extremely simple, with only Tao Huabi and her two sons. Among them, Tao Huabi only accounts for 1%, the eldest son Li Guishan holds 49%, and the younger son Li Hui only invested in the shares in May 2012, holding 50%. Tao Huabi no longer cared about Lao Ganma’s specific affairs, but only grasped the general direction. Li Guishan is in charge of the market and Li Hui is in charge of production.

　　Tao Huabi's withdrawal from the shareholder list occurred three years ago, but has not been discovered by the outside world so far. Industrial and commercial information shows that on June 27, 2014, the investor information of Laoganma of Nanming changed, Tao Huabi was deleted from shareholders, another shareholder Li Hui also withdrew, and Li Miaoxing appeared on the shareholder list.

　　There are signs that Li Miaoxing worked in Laoganma's company long before the equity change. A website called "Guiyang Nanming Laoganma Flavored Food Co., Ltd. Party Committee" reported in 2012 that on the eve of the "August 1" Army Day in 2007, the company's party member and district people's congress representative Li Miaoxing raised a total of 18,000 yuan to send holiday greetings to the soldiers in the jurisdiction.

　　In addition, industrial and commercial information also shows that Li Miaoxing also serves as the legal representative and general manager of the Guiding Branch of the Nanming Laoganma. Guiding Branch is one of the two branches of Laoganma, Nanming, and the current legal person and chairman of the Zunyi Branch of the other branch is still Tao Huabi.

　　Last year, the sales of "Laoganma" exceeded 4.5 billion yuan

　　Lao Ganma's sales in 2016 exceeded 4.5 billion yuan, and its output value increased by more than 600 times in 20 years. According to reports, Lao Ganma's average bottle of chili sauce is 8 yuan, producing 2.3 million bottles per day, using 45,000 tons of chili peppers a year and more than 100,000 tons of vegetable oil; the annual tax payment in the past three years is 2.062 billion yuan, and the tax payment has increased by 150 times in the past 20 years.

　　In 1998, when it was first established, Lao Ganma's output value was only 50.14 million yuan; in 1999, its output value exceeded 100 million yuan, reaching 126 million yuan, and in 2006 it reached 1.28 billion yuan. A research report issued by Huatai Securities in November 2016 stated that the "Laoganma" series currently accounts for half of the same products in the country, selling 2 million bottles of chili sauce every day. In 2014, sales revenue reached 4 billion yuan and profit of 900 million yuan.

　　Since its establishment, Tao Huabi has adhered to the famous sayings of "four no": "No tax evasion, no loan, no owed money, and no listing" are also widely known. As for why Lao Ganma didn’t go public, Tao Huabi said: “I don’t understand anything about listing and financing. I only know that once I go public, I may lose everything. Listing is a deception of other people’s money, so I will never go public.”

　　While self-development is achieved, Lao Ganma also drives Guizhou's economic development. Guizhou Daily reported that Lao Ganma fully plays the role of leading enterprises in driving farmers to increase their income and become rich, and has established raw material planting bases in many cities (prefectures) in the province, driving more than 200,000 farmers out of poverty and become rich. At the same time, we actively recruit migrant workers to work in factories. Currently, 80% of the employees of the enterprise come from local rural areas.

　　Lao Ganma, who has achieved such achievements, is very low-key. In the company profile column on its official website, it only mentions the performance and achievements. It only introduces "Lao Ganma" because it has become a popular chili condiment brand among Chinese at home and abroad through its development in the past 20 years.

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