SONGFA(SH:603268) Mei Ri Jing Ji Xin Wen·2025-08-06 11:11Core Viewpoint - The company *ST Songfa is undergoing a board restructuring, with the nomination of new non-independent directors, including the 24-year-old Chen Hanlun, who is the son of the actual controller Chen Jianhua [1][3]. Group 1: Company Background - *ST Songfa is controlled by Chen Jianhua and Fan Hongwei, who are ranked as the richest in Jiangsu with a holding market value of 801.2 billion yuan, an increase of 119.9 billion yuan from the previous year [3]. - The company is part of Hengli Group, which has a total revenue of 871.5 billion yuan in 2024 and also includes Hengli Petrochemical, another A-share listed company [3]. Group 2: Leadership and Management - Chen Hanlun, who holds a master's degree in applied finance, has been actively involved in the management of Hengli Group and has served as the vice president since March 2024 [4]. - He has participated in significant strategic initiatives, including a partnership with Swiss MSC for shipbuilding and related services [5]. Group 3: Financial Performance - *ST Songfa has turned a profit in the first half of the year, projecting a net profit of 580 million to 700 million yuan for the first half of 2025, marking a turnaround from previous losses [14]. - The company's stock price closed at 48.19 yuan per share on August 6, 2023, reflecting a 3.59% increase and a total market capitalization of 41.525 billion yuan [15]. Group 4: Strategic Developments - The company is planning to acquire 100% of Hengli Heavy Industry, which specializes in shipbuilding and high-end equipment manufacturing, to accelerate its strategic transformation and seek new profit growth points [12]. - The restructuring was officially completed in May 2023, leading to management adjustments and a relocation of the company's office to Dalian [13].