HOLITECH(SZ:002217) Xin Lang Zheng Quan·2025-06-13 09:38Core Viewpoint - The sudden resignation of three key executives at *ST Huitai raises concerns as the company is undergoing a critical phase of restructuring and regulatory scrutiny [1][7][9] Management Changes - On June 12, *ST Huitai announced the resignation of Chairman Huang Aiwu, Deputy General Manager Ma Xiaojun, and CFO Li Yinyan, all citing "work adjustment" as the reason for their departure [1][2] - Huang Aiwu's resignation was effective immediately, and he will not hold any other positions in the company post-resignation [4] - The three executives did not hold any company shares and will comply with regulations regarding share reduction after their departure [2][4] New Management Team - On the same day as the resignations, the company quickly nominated Deng Jiawei as a candidate for the board of directors, with a background in supply chain finance [6] - Other new appointments include Xiao Xuming as Executive Vice President, Lin Weiqun as CFO, and Zhang Changhong as Deputy General Manager, all of whom will serve for the same term as the current board [6] Regulatory and Financial Context - The company is currently under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws [7][8] - *ST Huitai is in the process of applying to remove its delisting risk warning, having submitted the application on May 23, with the outcome still uncertain [8] - The company recently completed a judicial restructuring, reporting a net profit of 1.519 billion yuan for 2024, a 112.57% increase year-on-year [8] - In Q1 2025, the company reported revenue of 366 million yuan, an 8.63% year-on-year increase, indicating a recovery trend [8] Market Position and Future Outlook - As of June 13, *ST Huitai's stock price was 2.18 yuan per share, with a total market capitalization of 16.3 billion yuan [8] - The company is undergoing significant changes in governance and business strategy, focusing on compliance, transformation, and restoring investor confidence [9] - The ability of the new management team to navigate these challenges and leverage technological advantages in emerging fields will be crucial for the company's future growth [9]