TOND(SZ:002360) Xin Lang Zheng Quan·2025-08-25 10:06Core Viewpoint - The resignation of Zhang Hong as Chairman of Shanxi Tongde Chemical Co., Ltd. is expected to impact the company's management structure and strategic direction, especially in light of its current performance challenges and ongoing projects in new materials and explosives [1][8]. Group 1: Management Changes - Zhang Hong resigned from his positions on the board and various committees due to personal reasons, holding 1.91 million shares in the company [1][3]. - Wu Qingwen, the current director and general manager, has been unanimously appointed by the board to assume the role of Chairman and legal representative [3]. Group 2: Financial Performance - For the first half of 2025, the company reported total operating revenue of 256 million yuan, a year-on-year decrease of 19.32% [7][8]. - The total profit for the period was 11 million yuan, down 81.49% year-on-year, while the net profit attributable to shareholders decreased by 75.76% to 11 million yuan [7][8]. - The company's basic earnings per share fell by 72.73% to 0.03 yuan [8]. Group 3: Market Performance - As of August 25, the stock price of Tongde Chemical was 5.44 yuan per share, reflecting a year-to-date increase of 10.57%, with a total market capitalization of 2.186 billion yuan [6][7].