Hongda New Material(SZ:002211) Mei Ri Jing Ji Xin Wen·2025-09-24 14:15Core Viewpoint - The recent leadership changes at ST Hongda involve a "role reversal" between the chairman and the general manager, which aims to address the company's previous issues related to being listed as a "dishonest executor" due to legal disputes and financial liabilities [1][2]. Group 1: Leadership Changes - The company announced a leadership change where the former chairman Huang Jun became the general manager, and the former general manager Xu Guoxing took over as chairman [1]. - Xu Guoxing will also serve as the company's legal representative, which helps the company move away from the embarrassment of having a "dishonest executor" as its legal representative [1]. Group 2: Legal Issues - The company was listed as a "dishonest executor" due to unresolved debts, specifically a court ruling requiring the company to pay 84.85 million yuan to Shanghai Aoying Investment [2]. - The company is currently unable to initiate civil claims against its former controlling shareholder due to ongoing criminal proceedings related to significant losses incurred from a "special network communication" case [2]. Group 3: Financial Performance - In the first half of the year, the company reported a revenue of 211 million yuan, representing a year-on-year increase of 87.39%, while the net profit attributable to shareholders was a loss of 9.2972 million yuan, which is a 37.10% reduction in losses compared to the previous year [3]. - The revenue growth is attributed to new business developments in the East China market [3].