Sou Hu Cai Jing·2025-12-18 11:11Core Viewpoint - The announcement of CEO Chen Yingrang's retirement and the appointment of Wei Hongcheng as the new CEO of Master Kong Holdings marks a significant leadership transition for the company [3][4]. Group 1: Leadership Changes - Chen Yingrang has decided to retire and will not renew his service contract, which is set to expire on December 31, 2025 [3]. - Wei Hongcheng will be appointed as the new CEO effective January 1, 2026, while continuing his role as an executive director [4]. - Wei Hongcheng, aged 43, has been an executive director since January 1, 2019, and holds degrees from Imperial College London and Harvard Business School [4]. Group 2: Company Performance - For the first half of 2025, Master Kong Holdings reported revenues of 40.092 billion yuan, a year-on-year decrease of 2.7% [4]. - The gross profit margin increased to 34.5%, reflecting a year-on-year growth of 1.9 percentage points [4]. - The profit attributable to shareholders rose to 2.271 billion yuan, marking a year-on-year increase of 20.5% [4].