Core Viewpoint - The resignation of Liu Zhijian, the founder and long-time chairman of Shenjian Co., marks a significant personnel adjustment following the entry of state-owned capital, indicating a transition to a state-led governance model [1][4][10]. Group 1: Personnel Changes - Liu Zhijian, aged 69, has stepped down as chairman and general manager after over 15 years, transitioning to the role of honorary chairman [1][4]. - Alongside Liu, board members Wang Zhihong and Li Chengyu also resigned, paving the way for new members nominated by state-owned enterprises [1][4]. - The company emphasizes that this adjustment is part of a long-term development strategy and will not disrupt normal operations [4][15]. Group 2: Background of the Transition - Liu Zhijian's departure is seen as a necessary step in the company's evolution, having led the firm through significant market transformations since its listing in 2010 [4][6]. - The state-owned enterprise Wuhu Yuanda Chuangtou acquired a controlling stake, holding 20.99% of voting rights, which facilitated this governance shift [8][10]. Group 3: New Board Members - The new board candidates nominated by Wuhu Yuanda Chuangtou include Wang Jinhua, Gao Wei, and Cao Cancan, who possess relevant experience in governance and industry [12][13]. - Their backgrounds align with the state-owned enterprise's focus on regulatory compliance and business synergy, enhancing the company's strategic direction [12][13]. Group 4: Company Performance - Shenjian Co. reported a revenue of 1.155 billion yuan for the first half of 2025, reflecting a year-on-year growth of 3.14%, with a net profit of 23.5971 million yuan, up 31.87% [15]. - The company's core business profitability has significantly improved, with a 153.40% increase in net profit excluding non-recurring items [15]. - Following the personnel changes, the market responded positively, with the stock price rising by 0.46% to 6.52 yuan per share, maintaining a market capitalization of 6.201 billion yuan [16].