Motorcomm Electronic Technology (SH:688515) Mei Ri Jing Ji Xin Wen·2025-08-20 07:28Core Viewpoint - Yutai Micro (688515.SH) announced the dismissal of its board secretary, Wang Wenqian, effective immediately, with Chairman Shi Qing taking over the role temporarily [1][4]. Group 1: Company Management Changes - The board meeting approved the resolution to dismiss Wang Wenqian, with a vote of 5 in favor and 2 against [3]. - Wang Wenqian's original term was set to expire on December 1, 2027, but she was dismissed due to internal personnel adjustments [2][4]. - Shi Qing, who is also the actual controller and largest shareholder, holds 12.41% of the company's shares [4]. Group 2: Shareholder Dynamics - The dissenting votes against Wang's dismissal came from board members Ouyang Yufei and Tang Xiaofeng, both of whom are significant shareholders and aligned with Shi Qing [4]. - Ouyang Yufei holds 9.18% of the shares, while Tang Xiaofeng holds 5.28% [4]. Group 3: Company Performance - Yutai Micro has been experiencing continuous losses since its establishment in 2017, with a reported revenue of 396 million yuan in 2024, a 44.86% increase year-on-year, but a net loss of 202 million yuan [9]. - In Q1 2025, the company reported a revenue of 81.04 million yuan, an 11.73% increase year-on-year, but a net loss of 60.72 million yuan, a 12.14% decline from the previous year [10]. - The company's stock price has fluctuated significantly since its IPO, with a peak of 268 yuan per share and a recent price of 102.31 yuan, resulting in a total market capitalization of 8.185 billion yuan [10].