三雄极光董事会频现对立投票，创始团队裂痕加深，预计25年亏损3500万以上，内部博弈持续外显

Core Viewpoint - The company Sanxiong Aurora is undergoing significant operational and governance changes due to declining performance in the lighting industry, leading to internal disagreements among its board members [5][12][14]. Company Overview - Sanxiong Aurora was founded in 1991 by four university classmates and went public on the Growth Enterprise Market in 2017. In 2020, the founders dissolved their agreement, resulting in a lack of controlling shareholders [3][5]. Financial Performance - For the year 2025, Sanxiong Aurora forecasts a net loss of 35 million to 45 million yuan, a significant decline from previous profits, with expected revenue of approximately 1.808 billion yuan, down about 13% year-on-year [9][10]. - The company's 2024 revenue was reported at 2.078 billion yuan, a decrease of 11.64% compared to the previous year, with a net profit of 48.09 million yuan, down 76.53% [10][11]. Organizational Changes - In response to ongoing financial pressures, the company has initiated significant organizational restructuring, reducing the number of organizational levels and enhancing cost control measures [12]. - The governance structure has also been altered, with the company announcing the elimination of the supervisory board, transferring its powers to the audit committee of the board [12]. Board Disagreements - Disagreements among board members have become more pronounced, particularly regarding organizational changes and the selection of the chairman. Conflicts have arisen over the appointment of key positions, reflecting deeper issues in governance and management control [13][14]. - The first signs of dissent appeared in December 2024, with board member Chen Songhui opposing organizational changes due to insufficient communication [12]. Governance Structure - The board's internal divisions have escalated, impacting decisions on key management roles and governance practices, indicating a struggle over management authority and internal controls [14][15].