HZSY(SH:600191) Shen Zhen Shang Bao·2025-07-18 02:21Core Viewpoint - The company, Huazi Industrial, is undergoing significant leadership changes with multiple resignations from its board and management team, which may impact its governance and operational strategies [1][2][3]. Group 1: Leadership Changes - Several board members and executives, including Chairman Li Yanyong, have resigned due to work adjustments, with Li transitioning to a senior advisory role [1]. - Vice Chairman Liu Fu'an and other directors have also submitted their resignations, with Liu continuing to serve as acting chairman until a new chairman is elected [2]. - Independent director Su Li's resignation will reduce the independent director proportion below one-third, effective upon the appointment of a new independent director [2]. Group 2: Board Elections and Appointments - The company has proposed new candidates for its ninth board of directors, including Zhang Zhijun, Song Minsong, and Zhang Wenguo as non-independent directors, and Ni Yuanying as an independent director [3]. - Teng Mingshang has been appointed as the new financial officer, with a term lasting until the ninth board's expiration [3]. Group 3: Financial Activities - Huazi Industrial plans to apply for a comprehensive credit line of 20 million RMB from China Merchants Bank to support its operational needs, with the loan terms linked to the market interest rate [4]. - The company emphasizes that this financing will not adversely affect its operations or shareholder interests [4]. Group 4: Financial Performance - The company's revenue has shown a significant upward trend from 65.4 million RMB in 2018 to 515.7 million RMB in 2024, while net profits have fluctuated, indicating a pattern of more losses than gains [5]. - Net profits for the years have been reported as -116.6 million RMB, 23.86 million RMB, -125.3 million RMB, 9.967 million RMB, -165.1 million RMB, 18.88 million RMB, and 25.45 million RMB, reflecting volatility in profitability [5]. Group 5: Ownership Changes - In April 2023, a capital increase agreement was signed, resulting in a change of control from Zhang Wenguo to Song Minsong, with the latter acquiring a 29.9% stake in Huazi Industrial [6]. - The previous controlling shareholder, Zhang Wenguo, has committed not to seek control of the listed company following this transaction [6].