TC(SH:603085) Quan Jing Wang·2025-05-15 00:40Core Viewpoint - The announcement of a management change at Zhejiang Tiancheng Self-Control Co., Ltd. marks a significant generational transition within the company, with the new general manager, Chen Yun, taking over from Hong Huidang, indicating a shift towards a "second-generation" leadership approach [1][2] Group 1: Management Change - Hong Huidang steps down as general manager but remains on the board and continues to lead the engineering commercial vehicle division, ensuring a smooth transition of core business operations [2] - Chen Yun, the new general manager, is the son of the actual controller and has a strong international educational background, holding degrees from Purdue University [1][2] - Chen Yun has accumulated practical experience in key positions since joining the board in 2017, including leading the aviation division and successfully integrating into the Boeing and Airbus supply chains [1] Group 2: Company Performance - In 2024, the company is expected to achieve significant revenue growth, with projected sales reaching 2.23 billion yuan, a year-on-year increase of 56.27% [2] - The revenue from passenger vehicles is anticipated to be 1.05 billion yuan, reflecting a remarkable year-on-year growth of 122.79%, indicating the emergence of a second growth curve [2] - In Q1 2025, the company reported a year-on-year revenue increase of 46.74% and a net profit of 21 million yuan, marking a turnaround with a growth of 108.77% [2] Group 3: Strategic Outlook - The company is rapidly entering the flying car supply chain, preparing for opportunities presented by the low-altitude economy [2] - The promotion of Chen Yun is expected to further rejuvenate the core management team, bringing in innovative momentum due to his international perspective and frontline business experience [2]