Core Viewpoint - The resignation of Xu Xiangdong as the General Manager of Guangzhou Hexin Instrument Co., Ltd. is a significant event, as it marks an early departure from his planned tenure, which raises questions about the company's management stability and future direction [2][5]. Company Overview - Guangzhou Hexin Instrument Co., Ltd. is a high-tech enterprise engaged in the research, production, sales, and technical services of mass spectrometers [5]. - The company has experienced significant fluctuations in its financial performance since its listing on the Sci-Tech Innovation Board in 2021 [6]. Management Changes - Xu Xiangdong submitted his resignation due to personal reasons, having served as General Manager since May 2024, with an original term set to end in May 2028 [2][5]. - Post-resignation, Xu will continue to serve as a non-independent director and a member of the Strategic Development Committee of the fourth board of directors [5]. Financial Performance - In 2021, the company reported revenues of 464 million yuan, with a net profit of 78.57 million yuan, reflecting year-on-year growth of 48.66% and 13.13%, respectively [6]. - However, in 2022, revenues plummeted by 39.63%, resulting in a net loss of 63.33 million yuan [6]. - The financial situation worsened in 2023, with revenues showing some recovery but net losses expanding to 96.11 million yuan [6]. Workforce and Cost Management - Under Xu's leadership, the company underwent significant workforce reductions, decreasing from approximately 1,000 employees to about 276, a reduction of around 60% [7]. - The 2024 annual report indicated a revenue decline of 44.70%, with a net loss of 45.99 million yuan, although this represented an improvement compared to the previous year [8]. - The 2025 semi-annual report showed revenues of approximately 52.82 million yuan, down 48.88% year-on-year, but with a reduced net loss of 17.46 million yuan, a 20.86% improvement [8]. Market Risks - The company faces potential delisting risks if it continues to shrink its business scale, with annual revenues falling below 100 million yuan while remaining in a loss position [8].
禾信仪器总经理辞职,在任期间公司在职员工数减少约60%