JCET(SH:600584) Sou Hu Cai Jing·2025-08-22 01:35Core Viewpoint - Jiangsu Changjiang Electronics Technology Co., Ltd. (Changjiang Technology) announced the resignation of Chairman Quan Huachang due to work arrangement adjustments, effective August 19, 2025, and will not hold any other positions in the company thereafter [1][2][3] Group 1: Resignation Details - Quan Huachang's resignation does not reduce the number of directors below the legal minimum, ensuring the board's normal operation [2] - The company will promptly complete the election of a new chairman and the supplementary election of the board's specialized committees [2][3] Group 2: Contribution and Background - The company expressed gratitude for Quan Huachang's contributions to governance, strategic development, and high-quality growth during his tenure [3] - Quan Huachang was appointed as chairman only eight months ago when China Resources Group took control of Changjiang Technology [3] Group 3: New Appointment - Zhou Xianghua is proposed as the candidate for the non-independent director position to replace Quan Huachang, pending approval at the shareholders' meeting [5] - Zhou Xianghua has extensive financial management experience, having held significant positions in China Telecom Group [5] Group 4: Financial Performance - For the first half of 2025, Changjiang Technology reported revenue of 18.61 billion yuan, a year-on-year increase of 20.1% [6] - The net profit attributable to shareholders decreased by 24.0% to 471 million yuan, while the net profit excluding non-recurring items fell by 24.7% [6] - The net operating cash flow decreased by 22.7% to 2.339 billion yuan, with an earnings per share (EPS) of 0.2631 yuan [6]