新任总经理不满40岁，汇金通的破局之路打算咋走

Core Viewpoint - The stock price of Qingdao-listed company Huijintong (603577) has shown frequent fluctuations and occasional surges, which warrants attention. Despite continuous revenue growth since its listing, net profit remains relatively weak, with a historical high expected in 2024. The company's stock performance has been lackluster, remaining in a prolonged low-level fluctuation state. The company is optimizing its business structure and promoting transformation and upgrading due to its single main business, small scale, and the need to enhance profitability and overall risk resistance [1][12]. Group 1: Revenue and Profit Trends - Huijintong has experienced stable revenue growth since its listing in late 2016, with revenue increasing from 652 million yuan in 2016 to 4.619 billion yuan in 2024 [2][13]. - The net profit has also shown a long-term growth trend, rising from 63.4 million yuan in 2016 to 155 million yuan in 2024, although there have been significant fluctuations in intermediate years [2][13]. - The company acknowledges its current situation as having a single main business, small scale, and needing to improve profitability and overall risk resistance [2][13]. Group 2: Business Transformation and Upgrading - Huijintong is in the process of optimizing and adjusting its existing business structure, focusing on products such as angle steel towers, steel pipe towers, and substation frameworks, along with services in power project general contracting and inspection [3][14]. - The company is expanding into the field of power engineering general contracting, although it lacks operational management experience in this area despite having experience in manufacturing transmission equipment [3][14]. - In 2024, revenue from engineering projects was relatively low, amounting to 73.2 million yuan, a year-on-year decrease of 48.01% [4][14]. - The company is also increasing its investment in the smart manufacturing sector, having established a wholly-owned subsidiary in September 2023 and previously forming a joint venture in the same field [5][14]. Group 3: Management Changes - Recently, Huijintong underwent a management change, with the resignation of its general manager Zhang Chunhui due to work adjustments, while he will continue to serve as a director and committee member [6][15]. - The new general manager, Jin Zhijian, born in 1986 and under 40 years old, has a background in various managerial roles within the company and its subsidiaries [10][16]. - The company aims to reduce uncertainties in project management through talent acquisition and internal reserves as part of its transformation strategy [6][14].