管理层大换血、股东洗牌，海峡保险决心谋变

Core Viewpoint - The company is undergoing significant changes, including a leadership overhaul and a capital increase plan, aimed at transforming its operations and addressing past financial losses [1][5]. Management Changes - On January 6, 2026, the company announced the appointment of Ye Yuanhang as the new chairman, replacing Shi Peide, who will serve as the interim responsible person [3][4]. - Shi Peide has been with the company since 2021 and will now act as the interim CEO, filling a position that has been vacant for over four years [4]. - Both leaders have backgrounds in the insurance sector, specifically within the China People's Insurance Company system [3]. Capital Increase and Shareholder Restructuring - The company plans to raise 1 billion yuan through a capital increase, with major shareholders committing to invest [5][7]. - The new capital structure will see the largest shareholder, Fujian Investment Group, increase its stake from 20% to 48.65%, while other shareholders maintain their proportions [7]. - The restructuring involves the exit of Xiamen Xiangyu Group, which held a 15% stake, and dilution of shares for smaller investors [7]. Financial Performance - For the first three quarters of 2025, the company reported insurance revenue of 567 million yuan and a net profit of 2 million yuan, indicating a potential turnaround after nine consecutive years of losses exceeding 1 billion yuan [9]. - Despite the recent profitability, the company has faced regulatory penalties for compliance issues, raising concerns about its internal controls [9][10]. Regulatory Challenges - The company has been penalized multiple times for failing to adhere to approved insurance terms, highlighting weaknesses in compliance and internal management [10].