EA(SZ:002183) Sou Hu Cai Jing·2025-06-22 14:24Core Viewpoint - The recent developments at Yiatong, including the resignation of its founder and CEO Zhou Guohui, reflect significant challenges the company faces, including declining profits and a substantial drop in market value. Group 1: Company Leadership Changes - Zhou Guohui resigned as CEO of Yiatong on June 10, 2023, marking the first change in this position since the company became a joint-stock company in 2004, although he retains his role as chairman [7][8]. - Zhou Guohui's shareholding in Yiatong is substantial, with a 99.01% ownership through Shenzhen Yiatong Investment Holdings, which has recently pledged 100 million shares, bringing the total pledged shares to 181 million [2][8]. Group 2: Financial Performance - Yiatong's net profit has declined for three consecutive years, with decreases of 49.44% in 2022, 44.95% in 2023, and 24.92% in 2024 [8]. - The company's market capitalization has dropped significantly from a peak of 922.19 billion yuan in May 2015 to 117.1 billion yuan, resulting in a loss of over 805.09 billion yuan in market value [8]. Group 3: Shareholder Dynamics - Zhou Guohui's wealth peaked at 29 billion yuan in 2015, ranking him 53rd on the Hurun Rich List, but has since plummeted to 7 billion yuan, causing him to fall off the global billionaire list [6][8]. - The actual controlling shareholder of Yiatong shifted from Zhou Guohui to Shenzhen Investment Holdings in 2018, following a series of share transfers and voting rights relinquishments [5][6].