TRT(SH:600085) Xin Lang Cai Jing·2025-08-11 12:28Core Viewpoint - Tong Ren Tang has announced the resignation of its chairman, Di Shubing, due to work adjustments, with Zhang Chaohua appointed as the new chairman [1][2]. Group 1: Leadership Changes - Di Shubing's term as chairman was originally set from December 29, 2021, to June 13, 2027, but he has stepped down early [2]. - After resigning from the chairman and director positions, Di Shubing will continue to serve as the deputy secretary of the Party Committee, director, and general manager of the controlling shareholder, China Beijing Tong Ren Tang (Group) Co., Ltd. [3][4]. - Zhang Chaohua, born in 1974, holds a university degree and is a licensed pharmacist and senior engineer, previously serving as the deputy secretary of the Party Committee and general manager of Tong Ren Tang [1]. Group 2: Company Performance - During Di Shubing's tenure, the company experienced significant growth, with 2022 revenue reaching 15.372 billion yuan, a year-on-year increase of 5.27%, and a net profit of 1.426 billion yuan, up 16.17% [6]. - In 2023, revenue increased to 17.861 billion yuan, a growth of 16.19%, with a net profit of 1.669 billion yuan, up 16.92% [6]. - For 2024, the company forecasts revenue of 18.597 billion yuan, a growth of 4.12%, but a decline in net profit to 1.526 billion yuan, down 8.54% [6]. - The increase in operating costs by 10.70% year-on-year is attributed to rising prices of traditional Chinese medicinal materials [6]. Group 3: Retail Expansion - As of the end of 2024, Tong Ren Tang has established a total of 1,251 retail stores, with 250 new stores opened during the year, including 252 newly established and 2 closed [6]. - As of August 11, the company's stock price increased by 0.6%, closing at 36.61 yuan per share, with a market capitalization of 50.21 billion yuan [6].