海宁皮城高管震荡：董事长、副董事长辞职 营收、净利润“三连降”

Core Viewpoint - Haining China Leather City is facing significant challenges, including declining performance and a major turnover in its executive team, which reflects broader market difficulties and internal operational issues [2][3][4]. Group 1: Executive Changes - Three senior executives, including the chairman and general manager, have resigned due to organizational restructuring, indicating instability within the leadership [3]. - New candidates for the board include individuals with local government and financial management experience, suggesting a potential shift in strategic direction [3]. Group 2: Financial Performance - In 2024, Haining Leather City reported revenue of 1.037 billion yuan, a year-on-year decline of 14.98%, and a net profit of 89 million yuan, down 49.95% from the previous year [2][4]. - The company's revenue has decreased significantly compared to its peak in 2013, where revenue was 2.933 billion yuan, representing a decline of approximately 64.64% [5]. Group 3: Business Segments - The market development and operation revenue for 2024 was 733 million yuan, accounting for 70.70% of total revenue but down 22.24% year-on-year, indicating a primary source of revenue decline [4]. - Sales from shops and supporting properties fell to 80 million yuan, a staggering drop of 74.26%, primarily due to reduced sales from the Chengdu Leather City project [4]. Group 4: Market Challenges - The company faces challenges from insufficient domestic and international market demand, increased competition, and a slowdown in consumer spending, which have all contributed to the decline in performance [4][6]. - Retail sales of clothing in China showed minimal growth in 2024, with a total of 1.07 trillion yuan, reflecting a slowdown of 15.3 percentage points compared to the previous year [4]. Group 5: Strategic Transformation - Haining Leather City is shifting its focus towards a "big fashion" strategy, aiming to diversify its offerings beyond leather products to include a wider range of high-end apparel [6][7]. - The company plans to enhance its operational capabilities by integrating design, exhibition, and marketing resources, while also fostering partnerships with emerging fashion brands [7]. Group 6: R&D and Talent Issues - R&D investment has significantly decreased, with 2024 expenditures at 5.607 million yuan, representing only 0.54% of revenue, down from 1.18% in 2023 [8]. - The number of R&D personnel has dropped from 117 in 2023 to 35 in 2024, a decline of 70.09%, raising concerns about the company's capacity for innovation and adaptation [8].