Core Points - The resignation of Lai Yuwen, the non-independent director and president of Wanhe Electric, was announced due to personal reasons, effective immediately, and he will no longer hold any positions within the company or its subsidiaries [1] - Lai Yuwen's original term was set to expire on July 3, 2028, and his resignation will not affect the minimum number of board members or the normal operation of the board [1] - Lai Yuwen has a notable career history, having worked at Midea Group from 2000 to 2020 before joining Wanhe Electric in September 2022 [1] Financial Performance - Wanhe Electric reported a revenue of 5.52 billion yuan for the third quarter of 2025, a year-on-year increase of 5.5%, with a net profit attributable to shareholders of 479 million yuan, also up by 5.6% [2] - The company's operating cash flow net amount decreased by 44.2% year-on-year to 553 million yuan, while the diluted EPS was 0.6444 yuan [2] - As of the end of the third quarter, total assets were 8.419 billion yuan, down 4.2% from the end of the previous year, while net assets attributable to shareholders increased by 6.4% to 5.06 billion yuan [2]