三高管集体辞职

Core Viewpoint - The company *ST Hengtai is undergoing significant management changes, including the resignation of key executives, amidst ongoing regulatory scrutiny and a strategic shift following its judicial reorganization [1][3][5]. Management Changes - Chairman Huang Aiwu, Vice President Ma Xiaojun, and CFO Li Yinyan have resigned due to work adjustments, with no further roles in the company post-resignation [1][4]. - Deng Jiawei has been nominated as a candidate for the board of directors, with a background in various leadership roles in finance and technology [3][4]. Regulatory Issues - The company is currently under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, with specific allegations yet to be disclosed [5]. - *ST Hengtai is in the process of applying to remove its stock delisting risk warning, which is pending approval from the Shenzhen Stock Exchange [6]. Financial Performance - Following a judicial reorganization in 2024, the company reported a significant reduction in its debt-to-asset ratio from 193.91% to 27.52%, and a net profit of 1.52 billion yuan, marking a turnaround from previous losses [7][8]. - The company’s revenue for 2024 was reported at 1.33 billion yuan, a decrease of 71.35% year-on-year, attributed to a strategic focus on electronic paper and general display sectors [8]. Strategic Transition - The management changes and financial restructuring indicate a shift from merely maintaining compliance to actively transforming the company's business model [9]. - The company aims to strengthen its position in the electronic paper and general display markets in 2025, following its recent recovery [8][9]. Market Performance - As of June 12, *ST Hengtai's stock price was 2.17 yuan per share, reflecting a decline of 1.36% on that day, with a total market capitalization of 16.23 billion yuan [10].