鲁股观察 | 澳柯玛董事长张斌病退，王英峰临危受命能否扭转业绩下滑？

Management Change - The chairman of Aucma Co., Ltd., Zhang Bin, has temporarily stepped down due to health reasons, with General Manager Wang Yingfeng appointed as acting chairman [1][3] - Wang Yingfeng's interim role will last until Zhang Bin is able to resume his duties, and the company assures that normal operations will continue [3][4] Financial Performance - Aucma's mid-2025 report indicates a total revenue of 4.057 billion yuan, a year-on-year decrease of 12.23%, and a net profit of 37.85 million yuan, down 24.36% [1][6] - The company has experienced a continuous decline in net profit for four consecutive years, with significant drops in core business revenues, particularly in refrigeration and air conditioning sectors [6][7] Strategic Adjustments - Aucma has been undergoing strategic adjustments in response to market changes, including the planned divestiture of a 45% stake in a subsidiary to focus on core operations [7] - Despite these efforts, the company's asset quality has not significantly improved, with a debt ratio of 66.89% and a notable increase in short-term liabilities [7]