Core Viewpoint - Dahan Technology has undergone a significant leadership change with the resignation of its long-serving chairman and president, Lu Yongzhi, and the appointment of Xie Yan as the new chairman, indicating a new phase in the company's management and strategy [1][4][8]. Leadership Changes - Lu Yongzhi resigned from his positions due to personal reasons, having served over ten years in various key roles, including chairman and president since December 2014 [4][6]. - Xie Yan, previously the vice president and financial director, has been elected as the new chairman and will also serve as the legal representative, marking a shift towards internal succession in leadership [3][8]. Company Performance - Dahan Technology reported a significant decline in financial performance for 2024, with total revenue of 1.76 billion yuan, a decrease of 24.40% compared to the previous year [10]. - The net profit attributable to shareholders was a loss of 32 million yuan, representing a drastic decline of 164.15% year-on-year [10][11]. - The company’s net assets decreased by 2.04% to approximately 1.83 billion yuan, reflecting ongoing challenges in the business environment [10]. Market Position - As of August 22, the company's stock price was 12.76 yuan per share, with a year-to-date increase of 49.41%, and a total market capitalization of 5.574 billion yuan [13]. - The company operates in high-tech sectors including precision instruments and information technology, facing pressures from both industry cycles and internal adjustments [11][13]. Future Outlook - Xie Yan's dual role as chairman and financial director suggests a focus on both strategic and financial management, which will be critical as the company navigates profitability pressures and seeks to optimize its financial structure [8][13]. - The effectiveness of the leadership transition and the company's ability to maintain competitiveness will be closely monitored by investors and industry observers [13].