SCPH(SZ:000488) Shen Zhen Shang Bao·2025-10-29 05:31Group 1 - The company announced a board restructuring on October 28, with Jiang Yanshan elected as the new chairman of the board, temporarily assuming the role of general manager during the vacancy [1] - The previous general manager, Li Wei, completed his term, and the company is currently in a transitional phase of resuming operations and risk mitigation, leading to the decision not to appoint a new general manager at this time [1] - Jiang Yanshan, born in January 1974, has a background in finance and has held various positions in local government before becoming the chairman of the company [1] Group 2 - The company's main source of revenue and profit is its paper-making business, which has faced significant challenges, resulting in consecutive years of losses [2] - In 2023, the company reported a net loss attributable to shareholders of 1.281 billion yuan, and the projected loss for 2024 is expected to increase to 7.411 billion yuan [2] - For the first half of the year, the company achieved operating revenue of 2.107 billion yuan, a year-on-year decline of 84.83%, with a net loss of 3.858 billion yuan, reflecting a staggering year-on-year decrease of 13,567.59% [2]