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On October 15, according to the news released by the Supreme people's Procuratorate, the procuratorial organs in Shanghai initiated a public prosecution against Chen Demei on suspicion of accepting bribes and illegally making profits for relatives and friends.

The contents of the announcement show that a few days ago, Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., was suspected of accepting bribes and illegally making profits for relatives and friends, and the first Branch of the Shanghai people's Procuratorate filed a public prosecution with the Shanghai No. 1 Intermediate people's Court in accordance with the law. The case is under further processing. During the stage of examination and prosecution, the procuratorial organs informed the defendant Chen Demei of the litigation rights enjoyed by the defendant according to law, questioned the defendant in accordance with the law, and listened to the opinions of the defender. The first branch of the Shanghai Municipal people's Procuratorate sued and alleged that the defendant Chen Demei took advantage of her position to seek benefits for others and illegally accepted other people's property, with a particularly large amount; purchasing goods from units operated and managed by her relatives and friends at significantly higher prices than the market, resulting in heavy losses to national interests, and should be investigated for criminal responsibility for the crime of accepting bribes and illegally making profits for relatives and friends in accordance with the law.

According to public data, Chen Demei was born in October 1962, a member of the Communist Party of China, a graduate student, a master of business administration and a senior economist.

Reviewing Chen Demei's work experience, she joined the job in August 1984 and served as deputy manager and manager of the Economic Operation Department of Shanghai Automotive Industry (Group) Corporation, Manager of Economic Operation Department and Manager of quality and Economic Operation Department of Shanghai Automobile Industry (Group) Corporation. Executive Director of quality and Economic Operations Department of Shanghai Automotive Industry (Group) Corporation Deputy Chief Economist of Shanghai Automobile Group Co., Ltd., General Manager of Shanghai Huizhong Automobile Manufacturing Co., Ltd., General Manager of Shanghai Wanzhong Auto parts Co., Ltd., Vice President of Shanghai Automotive Industry (Group) Corporation and General Manager of Automobile Service Trade Division. In January 2012, Chen Demei was appointed Vice President of Shanghai Automobile Group Co., Ltd for 11 years. In April 2023, Chen Demei resigned as vice president because of her retirement age. According to the annual report, Chen Demei's salary was 2.7351 million yuan in 2023.

A year after retirement, Chen Demei was investigated on suspicion of serious violations of discipline and law. In April 2024, the Supervisory Commission of the Shanghai Municipal Commission for discipline Inspection reported that Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., was suspected of serious violations of discipline and law, and was currently under disciplinary examination and supervision investigation by the Supervisory Commission of the Shanghai Municipal Commission for discipline Inspection. In August 2024, the Supervisory Commission of the Shanghai Municipal Commission for discipline Inspection informed that Chen Demei, former vice president of Shanghai Automobile Group Co., Ltd., was expelled from the party and his retirement treatment was cancelled. In September 2024, the first Branch of the Shanghai Municipal people's Procuratorate made a decision to arrest Chen Demei on suspicion of accepting bribes and illegally making profits for relatives and friends.

SAIC is the largest automobile manufacturer in China, and its main vehicle companies include Zhiji Automobile, SAIC passenger car Branch, SAIC Volkswagen, SAIC General Motors, SAIC General Wuling, SAIC Chase and so on. According to the annual report, the total operating income of SAIC in 2023 was 744.71 billion yuan, up 0.09 percent from the same period last year; the net profit belonging to shareholders of listed companies was 14.11 billion yuan, down 12.48 percent from the same period last year; and the net profit belonging to shareholders of listed companies after deducting non-recurring gains and losses was 10.04 billion yuan, up 11.71 percent from the same period last year. According to the interim results of 2024, SAIC achieved operating income of 28.47 billion yuan during the reporting period, down 12.82% from the same period last year; net profit was 6.627 billion yuan, down 6.45% from the same period last year; and non-net profit was 1.02 billion yuan, down 82.00% from the same period last year.

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