Core Viewpoint - The management reshuffle at *ST Lingda (300125) continues, marking significant changes in leadership as the company faces challenges in the photovoltaic industry, including a temporary suspension of battery production [1][10]. Group 1: Management Changes - *ST Lingda announced the completion of its board restructuring and the appointment of new senior management on February 4, with many new faces in the newly formed seventh board [1]. - The new chairman, Peng Qian, replaces the former chairman Jin Yongfeng, who has stepped down after only eight months in the role [6][7]. - The restructuring saw the departure of seven board members, including five directors and two independent directors, while new appointments include Peng Qian, Mingxing, Chen Zhiguo, and Ren Guangpeng [7][8]. Group 2: Company Background and Challenges - *ST Lingda entered the battery segment in 2021 by acquiring 100% of Jinzhai Jiayue, but soon faced difficulties as the photovoltaic industry adjusted [8][10]. - The company announced a temporary production halt for its subsidiary Jinzhai Jiayue, becoming the first listed company in the photovoltaic sector to do so [10]. - The company has been struggling with debt issues, leading to pre-restructuring applications from creditors [10]. Group 3: Future Outlook - Following the management changes, *ST Lingda is expected to divest its photovoltaic assets and shift its main business focus, as previous expansion plans for battery production have been terminated [11]. - The company had previously planned significant investments in battery production capacity, including a 15GW TOPCon and 5GW HJT expansion, which are now deemed unfeasible [11].
8个月内三换董事长,跨界电池片上市公司管理层“大换血”