“00后”企二代空降成董事长 鸿铭股份仓促交班何以“不负投资者”？

Core Viewpoint - Hongming Co., Ltd. has undergone a significant leadership change with the appointment of Jin Xi, a young successor, as chairman and general manager, raising concerns about the company's ability to navigate its current operational challenges [1][2][3] Group 1: Leadership Transition - Jin Xi, born in 2000, has been appointed as chairman, marking him as one of the youngest leaders in the A-share market [1] - The founding parents, Jin Jian and Cai Tihui, have stepped down from the board, indicating a generational shift in leadership [1] - The new board includes experienced members like Liu Jiang and Wang Peiyi, aimed at supporting Jin Xi's limited experience [2] Group 2: Company Performance - Hongming Co., Ltd. has faced a significant decline in performance post-IPO, with revenue dropping from 324 million yuan in 2021 to 230 million yuan in 2022, and further to 135 million yuan in the first three quarters of 2025 [2] - Net profit also decreased from 66.99 million yuan in 2021 to 39.37 million yuan in 2022, with a net loss of 9.43 million yuan reported in the first three quarters of 2025 [2] - The company is at risk of delisting due to its financial performance, as it may trigger warning signs under the Growth Enterprise Market rules [2] Group 3: Investor Concerns - Investors are apprehensive about Jin Xi's lack of extensive experience and the rapid leadership transition, especially given the company's current struggles [3][4] - The shareholder vote for Jin Xi's election as chairman received overwhelming support overall, but only 14.77% of minority shareholders voted in favor, indicating significant investor skepticism [3] - The mismatch between the responsibilities of Jin Xi and the ownership held by his parents (over 60%) raises concerns about accountability and decision-making within the company [3]