Core Viewpoint - The sudden resignation of the CFO and an independent director at Fuchuang Precision raises concerns about the company's management stability and operational continuity [2][4][6]. Group 1: Management Changes - Fuchuang Precision announced the resignation of CFO Cui Jing on May 19, citing personal reasons, and the general manager Zhang Xuan will temporarily assume the CFO responsibilities [4][6]. - Cui Jing had only served as CFO for 9 months, having joined the company a year ago, and was previously praised for her extensive financial expertise [6]. - Independent director Zhu Yu also resigned on the same day, with a similar reason of personal circumstances, despite having over a year left in his term [6]. Group 2: Regulatory Issues - The company received a warning from the Liaoning Securities Regulatory Bureau for failing to disclose related party transactions, which involved purchasing products from an associated company [8]. - The warning implicated several key executives, including the chairman and both CFOs, indicating a serious compliance issue within the company's governance [8]. Group 3: Financial Performance - Fuchuang Precision has experienced significant fluctuations in its financial performance since its listing, with net profits of 178 million yuan in 2022, dropping to 86.39 million yuan in 2023, and a projected 172 million yuan in 2024 [8]. - The company reported a net loss of 22.16 million yuan in the first quarter of 2025, indicating ongoing financial challenges [8]. - As of May 19, the company's market capitalization stood at 15.45 billion yuan [9].
太突然!财务总监上任半年多不干了,总经理紧急“补位”