中炬高新上半年业绩下滑，新董事长上任后持续推进改革

Core Insights - The company has shown significant improvement in its Q2 performance, attributed to the initial success of prior reforms under the new chairman [1] - The new chairman, Li Ruxiong, was elected in July and has extensive experience in the China Resources system [2] Financial Performance - In the first half of 2025, the company reported revenue of approximately 2.132 billion yuan, a year-on-year decrease of 18.58% [3] - The revenue from the seasoning business was 2.098 billion yuan, reflecting a year-on-year decline of 17.92% [3] - The net profit attributable to shareholders was around 257 million yuan, down 26.56% year-on-year [3] Strategic Actions - The company has implemented a proactive supply strategy, focusing on inventory reduction with leading distributors to strategically reshape the market pricing system and restore distributor confidence [4]