RONG FENG HOLDING(SZ:000668) Mei Ri Jing Ji Xin Wen·2025-10-27 05:56Core Viewpoint - *ST Rong Control (000668.SZ) announced on October 26 that it has been unable to contact independent director Liu Changkun, which raises concerns about the company's governance and operational continuity [1][3][4]. Group 1: Independent Director Situation - The company issued a notice on October 14 for the 14th meeting of the 11th Board of Directors, but has been unable to reach Liu Changkun through various communication methods [1][4]. - Liu Changkun, aged 67, has served as an independent director since April 23, 2020, and his current term is set to end on December 20, 2026 [3][4]. - The company stated that it will closely monitor the situation and may consider measures such as appointing a new independent director to ensure proper board operations [3][5]. Group 2: Financial Performance - In the third quarter of 2025, *ST Rong Control reported a significant increase in revenue, achieving 67.91 million yuan, a 249.21% increase year-on-year [6][7]. - For the first nine months of 2025, the total revenue reached approximately 185 million yuan, reflecting a year-on-year growth of 377.55% [6][7]. - Despite the revenue growth, the company reported a net loss attributable to shareholders of 2.39 million yuan in the third quarter, although this was an 85.75% reduction compared to the previous year [8][9]. Group 3: Cash Flow and Financial Health - The company's cash flow situation remains tight, with a net cash flow from operating activities of -18.70 million yuan for the first nine months of 2025, indicating significant cash consumption in the third quarter [10]. - As of September 30, 2025, the company's cash balance had decreased to 994.13 million yuan, down from 5.38 million yuan at the beginning of the year [10].