Core Viewpoint - The company, Shuoshi Biotechnology, is implementing significant salary reductions for its top executives in response to ongoing financial challenges, including consecutive years of net losses and declining revenues [1][5][6]. Salary Adjustments - The honorary chairman, Fang Yongsheng, and the chairman and general manager, Wang Guoqiang, will have their salaries reduced by 50% starting from August 15, 2025 [2]. - Other executives, including Liu Zhonghua (40% reduction), Hu Yuanyuan (40% reduction), and Zhou Guohui (40% reduction), will also see significant salary cuts [2]. - The financial director, Meng Yuanyuan, will have a 10% salary reduction, while employee supervisors Jia Zhaoqiang and Gu Lina will see reductions of 10% and 5%, respectively [1][2]. Financial Performance - Shuoshi Biotechnology reported revenues of approximately 403 million yuan and 350 million yuan for 2023 and 2024, respectively, with corresponding net losses of approximately 374 million yuan and 2 million yuan [5]. - The company's half-year report for 2025 indicated a revenue of about 176 million yuan, a year-on-year decrease of 1.05%, and a net profit of approximately 399 million yuan, down 86.35% year-on-year [6][7]. - The decline in net profit is attributed to price pressures from national procurement policies in the in vitro diagnostics industry and changes in tax rates affecting product margins [7]. Business Overview - Shuoshi Biotechnology focuses on the research, production, and sales of in vitro diagnostic reagents and related testing instruments, expanding into in vitro testing services [8]. - The company operates an integrated business model that includes reagents, instruments, and services, supported by various modern biological technology platforms [8].
上市公司高管集体自愿降薪,董事长降50%,曾年薪超1600万元