Core Points - Lin Xiaoqing became the youngest chairman of Chengdu Road and Bridge (002628.SZ) in May 2024, with an annual salary of 925,700 yuan [2] - Chengdu Road and Bridge is a private enterprise, and Lin Xiaoqing's appointment raised curiosity due to her lack of familial ties with the actual controller and other shareholders [3][4] - Lin Xiaoqing registered a company named Shenzhen Shanyuxie Cultural Communication Co., Ltd. in May 2023, with a registered capital of 1 million yuan [5] - Lin Xiaoqing became the deputy general manager of Chengdu Road and Bridge shortly after registering her company, overseeing the bidding and procurement center and the marketing department [6] - The relationship between Lin Xiaoqing and Lin Junchen, the chairman of Lushan Group, suggests a close familial connection, possibly father-daughter [15][16] Company Background - Chengdu Road and Bridge has faced financial difficulties, reporting a loss of over 92 million yuan last year and an additional loss of over 28 million yuan in the first three quarters of this year [22] - The company has reduced its research and development staff from 56 to 30, with R&D expenses for the remaining team being less than 3.89 million yuan [22] - Chengdu Road and Bridge has engaged in various R&D projects, including applications of artificial intelligence in construction and improvements in tunnel construction technology [22] Related Entities - Lushan Group, chaired by Lin Junchen, has connections to Chengdu Road and Bridge, as the company rented office space from Shenzhen Spring River Lushan Hotel, which is linked to Lushan Group [11][16] - The hotel has been identified as a dishonest entity with a total amount involved in legal cases reaching 33.6 million yuan [12] - Lin Junchen has a history of philanthropic activities, including significant donations to impoverished students in Jiangxi [28][39]

Core Viewpoint - The emergence of "post-90s" chairpersons in the A-share market is reshaping corporate governance, with a notable example being Lin Xiaoqing, born in 1996, who has been re-elected as the chairperson of Chengdu Road and Bridge, highlighting the trend of younger leaders driving innovation and new business strategies in traditional industries [3][4]. Group 1: Demographics and Distribution - A total of 78 listed companies in the A-share market are led by "post-90s" chairpersons, with the youngest being only 24 years old [3][4]. - These young leaders are primarily found in economically vibrant provinces, with Guangdong, Zhejiang, and Jiangsu having the highest numbers of such chairpersons, indicating a regional concentration of youthful entrepreneurship [4]. Group 2: Industry Involvement - The companies led by "post-90s" chairpersons span diverse sectors including pharmaceuticals, electronics, machinery, power equipment, media, and agriculture, with many also venturing into high-growth areas like renewable energy, semiconductors, and smart manufacturing [4][5]. - For instance, Shihua Medical, under the leadership of 1998-born Shi Wenling, has significantly increased its market share in orthopedic implants and expanded its overseas presence [4]. Group 3: Leadership Characteristics - The "post-90s" chairpersons are characterized by a strong focus on research and development (R&D) and employee incentives, with 9 out of 78 companies investing over 100 million yuan in R&D in the third quarter [7]. - Notably, Yang Mu of Wentai Technology led the company to invest 1.598 billion yuan in semiconductor technology, showcasing the high R&D intensity among these young leaders [7]. Group 4: Challenges and Opportunities - Despite their innovative approaches, some companies face significant challenges, including financial losses, with companies like Yijing Optoelectronics and Shuguang Co. reporting net losses exceeding 200 million yuan in the third quarter of 2025 [8]. - Young chairpersons often struggle with inexperience, resource integration difficulties, and internal resistance within family businesses, necessitating a balance between maintaining legacy and pursuing innovation [8].

Core Insights - The evaluation results for information disclosure of listed companies in 2024 show a decline for Chengdu Road and Bridge Engineering Co., Ltd., dropping from "Good" to "Unqualified" compared to 2023 [1][2] Company Overview - Chengdu Road and Bridge Engineering Co., Ltd. is located at 1777 North Tianfu Avenue, Chengdu, Sichuan Province, established on May 28, 1988, and listed on November 3, 2011 [1] - The company's main business includes highway engineering, bridge engineering, and tunnel engineering construction, with revenue composition as follows: 66.02% from engineering construction, 27.98% from housing construction, and 5.99% from other sources [1] Industry Classification - Chengdu Road and Bridge belongs to the Shenwan industry category of construction decoration, specifically in basic infrastructure and municipal engineering [1] - The company is associated with several concept sectors, including prefabricated buildings, PPP concepts, Xinjiang revitalization, equity transfer, and low-price strategies [1]

Group 1 - The company Chengdu Road and Bridge announced the election of Lin Xiaoqing as the chairman of the eighth board of directors for a term of three years, consistent with the board's term [1]

Core Viewpoint - Chengdu Road and Bridge has elected Lin Xiaoqing as the chairman of its eighth board of directors, marking her as the youngest chairman among A-share companies in Sichuan [1][3]. Company Overview - Chengdu Road and Bridge was established in 1988 and listed on the Shenzhen Stock Exchange in 2011, being the only privately-owned listed company in Sichuan focused on infrastructure construction [7]. - The company primarily engages in the construction of transportation infrastructure such as roads, bridges, tunnels, as well as housing construction and decoration [7]. - As of November 5, the company's market capitalization is 3.437 billion yuan [5][7]. Leadership Changes - Lin Xiaoqing, born in 1996, was appointed as the vice general manager in August 2023 and succeeded Wang Peili as chairman in May 2024 [3]. - Lin Xiaoqing holds 420,000 shares of the listed company and received a salary of 925,700 yuan last year [3]. - She is recognized as the only "post-95" chairman among A-share companies in Sichuan, with the next youngest chairmen born in 1990 [3]. Recent Developments - During Lin Xiaoqing's tenure as chairman, Chengdu Road and Bridge has undertaken a series of asset integrations [4].

Core Points - Chengdu Road and Bridge experienced a stock price increase of 2.00% on November 5, reaching 4.59 CNY per share with a total market capitalization of 3.475 billion CNY [1] - The company reported a net inflow of main funds amounting to 9.0738 million CNY, with significant buying activity from large orders [1][2] - For the year-to-date, the stock price has increased by 1.32%, but has seen a decline of 1.92% over the past 20 days and 7.65% over the past 60 days [1] Financial Performance - For the period from January to September 2025, Chengdu Road and Bridge achieved operating revenue of 541 million CNY, reflecting a year-on-year growth of 0.88% [2] - The company reported a net profit attributable to shareholders of -28.3614 million CNY, a decrease of 36.96% compared to the previous year [2] - Cumulative cash dividends since the company's A-share listing amount to 249 million CNY, with 17.4133 million CNY distributed over the past three years [3] Company Overview - Chengdu Road and Bridge Engineering Co., Ltd. is located in Chengdu, Sichuan Province, and was established on May 28, 1988, with its listing date on November 3, 2011 [1] - The company's main business activities include highway engineering, bridge engineering, and tunnel engineering, with revenue composition of 66.02% from engineering construction, 27.98% from building construction, and 5.99% from other sources [1]

Core Points - Lin Xiaoqing has been re-elected as the Chairman of Chengdu Road and Bridge, making her the youngest chairman of a listed company in Sichuan [1][4] - The re-election took place during the first meeting of the eighth board of directors on November 3, with a term of three years [1] - Lin Xiaoqing holds 420,000 shares of the listed company and received a salary of 925,700 yuan last year [4] Background Information - Lin Xiaoqing, born in 1996, has a master's degree and is involved in various political and business associations in Shenzhen [3][6] - She was appointed as the Vice General Manager of Chengdu Road and Bridge in August 2023 at the age of 27, showcasing her extensive experience in the business sector [6] - Lin Xiaoqing was recognized in the Hurun U30 China Entrepreneur Pioneer List, which included 131 young entrepreneurs nationwide [4]

Core Viewpoint - Lin Xiaoqing has been re-elected as the Chairman of Chengdu Road and Bridge, indicating a continuity in leadership despite the company's recent financial struggles [2][3]. Company Leadership - The first meeting of the eighth board of directors was held on November 3, where Lin Xiaoqing was elected as the chairman for a three-year term [2]. - Lin Xiaoqing, born in June 1996, holds a master's degree and has previously held various positions in different companies, including being a supervisor at Shenzhen Fuxing Chengshi Industrial Co., Ltd. [2][3]. - After her initial election as chairman in May 2024, she did not hold any shares in the company, but as of November 4, she owns 420,000 shares valued at approximately 1.89 million yuan [3]. Company Performance - Chengdu Road and Bridge, established in 1988 and listed in 2011, is the only privately-owned infrastructure company in Sichuan Province, focusing on transportation infrastructure and construction [3]. - The company has faced significant financial pressure, with a revenue decline of 30.53% in 2024, totaling 810 million yuan, which is only 30% of its revenue in 2019 [2]. - In 2024, the company reported its first loss, with a net profit loss of 92.17 million yuan compared to a profit of 4.49 million yuan in the previous year [2]. Recent Financial Trends - As of the third quarter of 2025, the company reported a slight revenue increase of 0.88%, totaling 541 million yuan, but the net loss expanded by 36.96% to 28.36 million yuan [4]. - The stock price of Chengdu Road and Bridge has experienced significant volatility, ranging from below 2 yuan to a high of 8.60 yuan, with the current price at 4.51 yuan and a total market capitalization of 3.422 billion yuan [4].

▲林晓晴，图源"成都路桥"微信公众号 简历显示，林晓晴出生于1996年6月，硕士研究生学历。现任成都路桥董事长，政协第六届深圳市罗湖区委员会委员、深圳市罗湖区工商业联合会（总商 会）第五届执委会（理事会）常务委员（常务理事）、深圳市企业家协会副会长。 据川商传媒报道，11月3日，成都路桥(002628)第八届董事会第一次会议召开，会议审议并全票通过了《关于选举第八届董事会董事长的议案》，林晓晴 当选为成都路桥第八届董事会董事长，任期三年。 据了解，林晓晴自2023年8月起担任成都路桥副总经理。去年5月，成都路桥原董事长王培利因个人原因辞职，其后林晓晴成为公司董事长。此番再次当 选，其仍是四川A股公司最年轻的董事长。 目前，林晓晴持有成都路桥股份42万股，与持有公司5%以上股份的股东、实际控制人及公司其他董事、监事、高级管理人员不存在关联关系。2024年， 林晓晴从成都路桥获得的税前报酬总额为92.57万元。 编辑：echo 来源：川商传媒 新京报 赞 分享 推荐 ...

Core Points - Lin Xiaoqing has been re-elected as the chairman of Chengdu Road and Bridge, making her the youngest chairman of an A-share company in Sichuan [2] - Chengdu Road and Bridge is the only privately listed infrastructure company in Sichuan, primarily engaged in the construction of transportation infrastructure and building projects [6] Company Profile - Chengdu Road and Bridge was established in 1988 and listed on the Shenzhen Stock Exchange in 2011 [6] - The company is controlled by Dongjun Taida, which holds 20.56% of the voting rights, with Liu Jiangdong as the actual controller [6] Financial Performance - In the first three quarters of this year, Chengdu Road and Bridge reported revenue of 541 million yuan, a year-on-year increase of 0.88% [6] - The net profit attributable to shareholders was -28.36 million yuan, a year-on-year decrease of 36.96% [6] - As of November 4, the stock price was 4.50 yuan per share, down 0.66%, with a total market capitalization of 3.407 billion yuan [6][7]