EA(SZ:002183) Nan Fang Du Shi Bao·2025-06-16 23:08Core Viewpoint - The recent resignation of Zhou Guohui as General Manager of Yiatong marks the first leadership change in 21 years, with Chen Weimin, a veteran executive, taking over the role amid declining financial performance and regulatory scrutiny [1][2][3]. Company Leadership Change - Zhou Guohui, the founder and a pivotal figure in Yiatong's development, resigned as General Manager but remains as Chairman [1][2]. - Chen Weimin, who has been with the company for 21 years and held various senior positions, has been appointed as the new General Manager [1][6][7]. Financial Performance - Yiatong reported a total revenue of 77.616 billion yuan for 2024, a decrease of 17.8% year-on-year, with net profit dropping by 24.92% to 106 million yuan [4]. - The company's traditional supply chain business faced significant pressure, with revenues declining by 20.89% to 68.868 billion yuan [4]. - The emerging AI computing supply chain business showed growth, achieving revenues of 827 million yuan, a 27.30% increase [4]. - In the first quarter of 2025, Yiatong's total revenue was 17.638 billion yuan, down 13.14% year-on-year, while net profit increased by 7.08% to 22.097 million yuan [5]. Regulatory Context - In April 2023, Yiatong received a warning from the Shenzhen Securities Regulatory Bureau due to irregularities in corporate governance and financial disclosures, which may have influenced the leadership change [3]. Strategic Direction - Chen Weimin aims to continue Yiatong's strategy of expanding its supply chain services and enhancing compliance governance, focusing on a "1+N" model to serve major clients and industry leaders [7].