FII(SH:601138) Chang Jiang Shang Bao·2025-06-23 23:30Core Viewpoint - Industrial Internet leader Industrial Fulian (601138.SH) has officially implemented a rotating CEO system to enhance corporate governance and decision-making capabilities [2][4] Group 1: CEO Rotation System - The rotating CEO system aims to improve decision-making processes and promote collaboration across different business segments [4] - Liu Zongchang, the Chief Data Officer, has been appointed as the first rotating CEO for a one-year term [2][3] - Liu Zongchang is the youngest executive in the company's board, having joined in 2019 and previously served as the company secretary [6][4] Group 2: Financial Performance - Industrial Fulian has shown strong profitability, with net profit exceeding 20 billion yuan annually since 2021, reaching over 50 billion yuan in Q1 2024, a year-on-year increase of approximately 25% [2][8] - The company’s revenue from 2021 to 2024 has shown a steady increase, with 2024 revenue projected at 609.14 billion yuan, reflecting a year-on-year growth of 27.88% [7][8] Group 3: Cloud Computing Business - Cloud computing has become the largest revenue source for Industrial Fulian, contributing over 50% of total revenue in 2024, with a revenue increase of 64.37% compared to the previous year [9][10] - The AI server segment has seen significant growth, with revenue increasing by over 150% year-on-year, and the global market share reaching 40% [10][2] - The company has consistently invested over 10 billion yuan annually in R&D since 2021, maintaining its competitive edge in the industry [10]