Hongda New Material(SZ:002211) Mei Ri Jing Ji Xin Wen·2025-09-25 07:12Core Viewpoint - The recent personnel changes at ST Hongda involve a "role swap" 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 troubles [1] Group 1: Personnel Changes - The former chairman Huang Jun has been appointed as the general manager, while the former general manager Xu Guoxing has taken over as chairman [1] - Xu Guoxing will also serve as the company's legal representative, thus removing the stigma of having a "dishonest executor" as the legal representative [1] Group 2: Legal Issues - The company was listed as a "dishonest executor" in May due to unpaid debts related to a court case involving Shanghai Aoying Investment Management Co., which sought repayment of 42.22 million yuan [2] - In March, the company received a court order to pay 8.485 million yuan to the applicant, Aoying Investment, as part of the ongoing legal proceedings [3] Group 3: Financial Performance - The company has faced significant financial challenges, including two and a half years of consecutive losses due to previous legal and operational issues [7] - In the first half of 2025, the company reported revenue of 211 million yuan, a year-on-year increase of 87.39%, although it still recorded a net loss of 9.2972 million yuan, which represents a 37.10% reduction in losses compared to the previous year [9] - The revenue growth is attributed to new business developments in the East China market [10]