JINZI HAM(SZ:002515) Jin Rong Jie·2025-12-16 07:29Core Viewpoint - The management of Jinzi Ham is undergoing significant changes with the appointment of Zheng Hu as the new president, following the acquisition of control by Zheng Qing Sheng, who has no prior experience in the food industry [1][3]. Group 1: Management Changes - Guo Bo has resigned as president for personal reasons but will remain as vice chairman and a member of the board's strategic committee [1]. - Zheng Hu, born in 1991, has been appointed as the new president, marking a consolidation of power within the Zheng family, with both father and son holding key positions [1][2]. Group 2: New Business Directions - Jinzi Ham has been diversifying its business interests, recently entering the semiconductor sector by establishing subsidiaries and investing in a light communication chip company, Zhongsheng Microelectronics [3]. - The new investment in Zhongsheng Microelectronics focuses on high-speed optical module core chips, which are applicable in AI, cloud computing, and telecommunications [3]. Group 3: Financial Performance - In 2024, Jinzi Ham reported revenues of 344 million yuan and a net profit of 62.17 million yuan, with over 87% of revenue coming from ham and related meat products [5][6]. - However, in the first three quarters of 2025, the company experienced a significant decline, with revenues dropping by 13.97% to 222 million yuan and net profits decreasing by 26.25% to 22.01 million yuan [5][6].