洋河，换帅

Core Viewpoint - The sudden resignation of Zhang Liandong as chairman of Yanghe Co., Ltd. amid a deep adjustment in the liquor industry raises questions about the company's performance and future direction [1][2]. Group 1: Leadership Change - Zhang Liandong announced his resignation due to "work adjustment," and will not hold any other positions within the company or its subsidiaries [2]. - Gu Yu has taken over as the Party Secretary of Yanghe Co., Ltd., and is expected to become the new chairman [3]. Group 2: Performance Overview - During Zhang Liandong's tenure from February 2021 to 2024, Yanghe's revenue increased from 25.35 billion to 28.88 billion, a growth of 13.9% [2]. - However, the net profit attributable to shareholders decreased from 7.51 billion to 6.67 billion, a decline of 11.12% [2]. - The company's ranking in the industry fell from third to fifth based on revenue, and from fourth to fifth based on net profit during the same period [2]. Group 3: Challenges Ahead - Gu Yu faces significant challenges, including ongoing equity disputes and the need to restore the company's performance amid industry adjustments [3].