鸿铭股份“00后”董事长上任，股价波动业绩承压

Group 1: Company Leadership Change - Hongming Co., Ltd. held an extraordinary shareholders' meeting on February 6, 2026, where Jin Xi, the son of the actual controller, was elected as the chairman and general manager, making him one of the only two "post-00s" chairmen in the A-share market [1] - The leadership transition has drawn market attention due to the company's continuous losses since its listing in 2022, presenting challenges for the new management to reverse the operational difficulties [1] - Jin Xi has an overseas education background but limited work experience, prompting the board to include experienced executives to ensure stability [1] Group 2: Stock Performance - In the week from February 5 to 11, 2026, Hongming's stock price showed significant volatility, closing at 52.73 yuan on the day of the board transition, marking a single-day increase of 4.35% with a turnover rate of 11.01% and a trading volume of 94.16 million yuan [2] - Following the initial rise, the stock price fluctuated and closed at 52.31 yuan on February 11, reflecting a cumulative increase of 5.17% over five days, despite a slight decline of 0.06% on that day [2] - The stock's technical indicators suggest it is trading between a 20-day Bollinger Band resistance level of 54.67 yuan and a support level of 49.07 yuan, with a weak MACD indicator indicating a primarily oscillating trend in the short term [2] Group 3: Financial Performance - The company's performance remains under pressure, with a 2025 annual earnings forecast predicting a net loss attributable to shareholders of between 12 million and 18 million yuan, and a non-recurring net loss of between 16 million and 24 million yuan, primarily due to weak downstream demand, intensified competition, and unmet gross profit expectations [3] - The 2025 Q3 report revealed a revenue of 135 million yuan, a year-on-year decline of 13.93%, with a net loss attributable to shareholders of 9.43 million yuan [3] - Despite growth in overseas business, the overall recovery in the packaging equipment industry is slow, compounded by increased depreciation and amortization, leading to an expanded loss [3]