Core Insights - The company announced the resignation of core technical personnel, Vice Minister of R&D, Hao Haiyan, due to personal reasons, effective immediately [1] - The company appointed Zhu Qifeng and Ma Shaodong as new core technical personnel to ensure stability and continuity in the R&D and production management teams [1][3] - The management emphasized that the personnel changes will not adversely affect daily operations or ongoing R&D capabilities [3] Personnel Changes - Hao Haiyan, born in 1972, was a senior engineer with a PhD in electronics from Xi'an Jiaotong University and had significant roles in R&D since joining the company in 2018 [1] - Zhu Qifeng, born in 1978, holds a master's degree in engineering and has extensive experience in production operations and yield management, having joined the company in 2012 [3] - Ma Shaodong, born in 1985, has a PhD in engineering and has been with the company since 2013, currently serving as the R&D Minister [3] Financial Performance - For the first three quarters of 2025, the company reported revenue of approximately 4.002 billion yuan, an increase of 8.25% year-on-year [4] - The net profit attributable to shareholders was a loss of approximately 1.37 billion yuan, with Q3 revenue at 1.332 billion yuan, up 2.25% year-on-year, and a net loss of 530 million yuan [4] - The company faces pressures from industry fluctuations and profitability recovery, with personnel adjustments needing to be evaluated in the context of future operational performance [4]