CGT GROUP(SZ:000066) Sou Hu Cai Jing·2025-08-31 09:43Core Viewpoint - China Great Wall has appointed Dai Xiangtao as the chairman of its eighth board of directors, highlighting a significant leadership change within the company [1][3]. Group 1: Leadership Background - Dai Xiangtao, born in 1967, graduated from Hunan University with a bachelor's degree in industrial electrical automation and holds a senior engineer qualification [3]. - He has held various positions within China Great Wall, including assistant president, general manager, and senior vice president, showcasing a comprehensive career progression from grassroots to executive roles [3]. Group 2: Financial Performance - In 2024, China Great Wall reported total operating revenue of 14.203 billion yuan, representing a year-on-year increase of 5.83% [5]. - The company's gross profit was 2.181 billion yuan, which reflects a significant year-on-year decline of 22.16% [5]. - The net profit attributable to shareholders was -1.479 billion yuan, marking a substantial year-on-year decrease of 51.29% [6]. - The adjusted net profit was -1.480 billion yuan, down 25.40% year-on-year [6]. - Despite the losses, the company anticipates a turnaround in the first half of 2025, projecting a net profit of 100 million to 145 million yuan [6]. Group 3: Executive Compensation - Dai Xiangtao's compensation for 2024 was the highest among the company's executives at 615,100 yuan, although it decreased by 775,800 yuan compared to the previous year [4]. - The lowest compensation was for the board secretary, Wang Xifa, at 484,400 yuan [4].