Core Viewpoint - The resignation of Xu Guangbin as chairman of Dongfang Materials raises concerns about the company's strategic direction and business development, especially during a critical period of transformation towards computing power services [1][9]. Group 1: Leadership Changes - Xu Guangbin resigned from his position as chairman of Dongfang Materials on July 29, citing personal reasons, but will remain a board member [2][3]. - Xu acquired control of Dongfang Materials in February 2021 for 763 million yuan, becoming the largest shareholder with a 29.9% stake [3]. - His shareholding has significantly decreased due to legal disputes, dropping to 1.93% as of July 28, 2024, following multiple judicial auctions of his shares [4][5]. Group 2: Financial Performance - Dongfang Materials reported a revenue of 436 million yuan in 2024, a year-on-year increase of 10.81%, but net profit fell by 73.17% to 13.96 million yuan [6][7]. - The company's ink business remains its primary revenue source, with a reported revenue of 408 million yuan, up 3.91% year-on-year [7]. - The computing power business generated 27.32 million yuan in revenue, accounting for only 6.2% of total revenue, indicating a slow transition [6][7]. Group 3: Future Outlook - The company anticipates a significant decline in net profit for the first half of 2025, projecting between 500,000 to 750,000 yuan, a decrease of 84.32% to 91.20% year-on-year [8]. - The competitive landscape in the ink market is challenging, with price reductions impacting gross margins and increased sales expenses due to higher compensation for sales personnel [8]. - Concerns are raised regarding the potential impact of Xu's departure on the company's strategic initiatives, particularly in the computing power sector [9].