Core Viewpoint - The leadership change at Shanxi Jiaokong Ecological Environment Co., Ltd. is a strategic move ahead of its planned IPO, with Mu Xiaofeng appointed as the new chairman and legal representative, potentially bringing fresh momentum to the company's performance and listing prospects [1][9]. Group 1: Leadership Change - Mu Xiaofeng has been elected as the new chairman of the board, with his term lasting until the end of the current board's tenure [1]. - The previous chairman, Wang Yuxi, resigned for work-related reasons, leaving his position earlier than expected [3]. - Mu Xiaofeng has extensive experience in the transportation and environmental sectors, having worked his way up from grassroots positions within the Shanxi transportation system [4]. Group 2: Company Background - Shanxi Jiaokong Ecological Environment Co., Ltd. is a subsidiary of Shanxi Transportation Holding Group, focusing on ecological and environmental services [5]. - The company has evolved from its origins in 2011 as Shanxi Zhonglixin Environmental Technology Co., Ltd. and has undergone several name changes and ownership transitions [7]. - As of 2024, Shanxi Transportation Holding Group reported total assets of 650.48 billion yuan and annual revenue of 51.25 billion yuan [7]. Group 3: Financial Performance and IPO Plans - In 2023, the company achieved a revenue of 254 million yuan and a net profit of 20.57 million yuan, with a projected revenue of 300 million yuan for 2024, reflecting a year-on-year growth of 17.95% [9]. - The company submitted its IPO application to the China Securities Regulatory Commission in January 2025, marking it as the first company in Shanxi to file for IPO guidance this year [9]. - The leadership change is seen as a critical factor in enhancing the company's performance and supporting its IPO ambitions [9].
正值上市关键节点!山西千亿省属国企旗下拟上市公司“换帅”
Sou Hu Cai Jing·2025-09-02 16:30