Core Viewpoint - The announcement of a new CEO, Tang Xiangyang, for Zhenjiu Lidu (06979.HK) comes as the company faces significant financial challenges, with a notable decline in revenue and net profit in the first half of 2025 [1][4]. Group 1: Leadership Change - Tang Xiangyang has been appointed as the new CEO, effective immediately, succeeding Yan Tao [1]. - Tang has a long history with the company, having joined in 1989 and previously serving as General Manager of Jiangxi Lidu Liquor Co., Ltd. since 2014 [3]. - Yan Tao will remain with the company as an Executive Director and Vice Chairman, focusing on operations and development of Xiangjiao [4]. Group 2: Financial Performance - Zhenjiu Lidu reported a revenue of 2.497 billion yuan for the first half of 2025, representing a year-on-year decrease of 39.6% [4]. - The net profit attributable to shareholders was 575 million yuan, down 23.5% compared to the previous year [4]. Group 3: Tang Xiangyang's Background - Tang Xiangyang has a strong background in the liquor industry, recognized as a national judge for Chinese liquor and a senior brewer [3]. - His previous success includes turning around Lidu Liquor, which had experienced five managerial changes in five years before his leadership [4].
年薪500万！知名酒企换CEO，57岁“老兵”汤向阳接棒