SCG(SH:600170) Mei Ri Jing Ji Xin Wen·2025-09-12 14:29Group 1 - Shanghai Construction (SH600170) experienced a significant stock price increase, reaching a new closing high for the year, driven by a substantial increase in gold reserves at its subsidiary Koka [2] - The company announced the resignation of its chairman, Hang Yingwei, effective immediately upon delivery of his resignation letter to the board, due to a job transfer [2][3] - Hang Yingwei's term was originally set to end in May 2027, indicating he resigned 20 months early [4] Group 2 - Hang Yingwei's resignation will not reduce the board's membership below the legal minimum and will not affect its normal operations [3] - The company reported a revenue of 300.22 billion yuan in 2024, a year-on-year decline of 1.45%, marking the first annual revenue drop since 1999, while net profit attributable to shareholders increased by 39.15% to 2.168 billion yuan [5] - In the first half of 2025, the company reported a revenue of 105.04 billion yuan, a year-on-year decline of 28.04%, and a net profit of 710 million yuan, down 14.07% year-on-year [7]