鲁伟鼎掌权，600亿万向信托高管“洗牌”

Core Viewpoint - The approval of Lu Weiding's appointment as chairman of Wanxiang Trust marks a significant leadership change for the company, which has faced substantial financial losses and management challenges in recent years [3][4]. Group 1: Leadership Changes - Lu Weiding's appointment as chairman is the first change in this position in 13 years, succeeding Xiao Feng, who held the role since 2012 [4]. - Alongside Lu, three independent directors' qualifications were also approved, indicating a shift in governance [3][7]. - Recent executive changes included the dismissal of three vice presidents and the board secretary, reflecting ongoing management restructuring [7]. Group 2: Financial Performance - Wanxiang Trust reported losses of CNY 203 million in 2023 and CNY 47 million in 2024, totaling CNY 250 million over two years [3][8]. - The company's trust asset scale decreased from CNY 831.25 billion at the end of 2023 to CNY 639.32 billion by the end of 2024, a reduction of CNY 191.93 billion [8]. - The self-operated non-performing asset ratio reached 37.71% by the end of 2024, with a significant decline from previous years [8]. Group 3: Business Focus and Risks - The real estate sector accounted for 44.75% of Wanxiang Trust's investments in 2024, down from 53.47% in 2023, indicating a shift in investment strategy amid industry challenges [8]. - The company has faced multiple defaults and regulatory scrutiny regarding information disclosure violations related to its trust products [9][10]. - Wanxiang Trust is currently in a critical phase of risk management and business transformation, with a focus on addressing existing risks and exploring new development paths under Lu Weiding's leadership [10].