Daqian(SH:603955) Chang Jiang Shang Bao·2025-12-02 00:00Core Viewpoint - Zhang Yuan, the chairman of Daqian Ecology, resigned less than a year after taking office due to personal reasons, coinciding with the company's significant financial losses [1][4][5]. Financial Performance - In the first three quarters of 2025, Daqian Ecology reported a net profit loss of 36.90 million yuan, a decline of 340.89% year-on-year, despite achieving a revenue of 153 million yuan, which represents a 109.17% increase [2][7]. - The company's revenue has been on a downward trend over the past few years, with revenues of 556 million yuan, 252 million yuan, and 128 million yuan from 2021 to 2023, reflecting declines of 41.07%, 54.72%, and 49.30% respectively [9]. Shareholder Changes - Zhang Yuan became the actual controller of Daqian Ecology after acquiring an 18.09% stake through Suzhou Bubugao Investment Development Co., Ltd. in November 2024 [5]. - Zhang held 11.93% of the company's shares at the time of his resignation [5]. Corporate Governance - Following Zhang Yuan's resignation, the vice chairman, Duan Liping, will assume the role of chairman [6]. - The company emphasized Zhang's contributions during his tenure, highlighting his diligence and commitment to the company's operations [5]. Capital Raising and Financial Health - Daqian Ecology's recent capital increase plan saw a reduction of 15.6% in the fundraising amount, from a proposed 850 million yuan to 717 million yuan [3][11]. - As of the end of the third quarter of 2025, the company reported a total asset value of 2.665 billion yuan, a decrease of over 27% from 2021 [12][13]. - The company has a significant amount of accounts receivable, totaling 561 million yuan, with 77.04% of it being overdue [3][13].