Fuling Zhacai(SZ:002507) Mei Ri Jing Ji Xin Wen·2026-02-14 05:15Core Viewpoint - The company Fuling Zhacai has undergone a change in general manager for the second time in less than five months, with Xia Qiangwei replacing Gao Xiang as part of a transition arrangement [1][2][5][6]. Group 1: Management Changes - The new general manager Xia Qiangwei has a background primarily in government, lacking experience in the consumer industry [3][10]. - This is the second managerial change since September 2025, when the previous general manager Zhao Ping resigned [6]. - The company has experienced frequent changes in its executive team, with several high-level resignations in recent years, including the chairman and other vice presidents [7]. Group 2: Company Performance - Fuling Zhacai, a leading company in the side dish food sector, is currently facing a performance growth bottleneck, with revenue and net profit declining for two consecutive years since reaching a record revenue of 2.548 billion yuan in 2022 [8][10]. - In the first three quarters of 2025, the company reported a revenue of 1.999 billion yuan, a year-on-year increase of 1.84%, and a net profit of 0.673 billion yuan, with a minimal growth of 0.33% [10]. Group 3: Strategic Direction - The company maintains that its strategic focus remains unchanged, emphasizing its core business in pickled vegetables while pursuing multi-category development [7][11]. - The new general manager's work plans and strategies will be disclosed in the company's annual report, as they are currently not available [11].