Core Viewpoint - The leadership of Jinzi Ham is undergoing a significant change with the appointment of Zheng Hu as the new president, following the resignation of Guo Bo just five months after taking office, indicating a shift in management strategy and potential for brand rejuvenation targeting younger consumers [1][10]. Management Changes - Guo Bo resigned from her position as president for personal reasons, while retaining her roles as vice chairman and a member of the board's strategic committee [1]. - Zheng Hu, a post-90s individual and son of the controlling shareholder Zheng Qingsheng, has taken over as president, marking a generational shift in the company's leadership [6][10]. Shareholding Structure - Zheng Qingsheng, the new controlling shareholder, holds 18.83% of the voting rights after acquiring shares from other shareholders, indicating a consolidation of control within the Zheng family [9][10]. - The Shi family, the original founders, have reduced their stake to approximately 7%-8%, relinquishing control and transitioning to a financial investor role [9][10]. Financial Performance - In the first half of the year, Jinzi Ham reported revenues of 170 million yuan, with a net profit of approximately 22.92 million yuan [11]. - The ham business remains the core revenue driver, contributing nearly 60% of total revenue, although sales volume has decreased by 14% year-on-year [12][13]. - For the first three quarters, the company experienced a revenue decline of 13.97% to 222 million yuan, with net profit down 26.25% to 22.01 million yuan [14]. Strategic Initiatives - The company is launching new products to adapt to market demands, including various types of ham and meat products, as well as exploring cross-industry innovations like ham ice cream [14][16]. - Jinzi Ham is also venturing into the semiconductor industry, establishing two chip companies and planning to invest up to 300 million yuan in acquiring a stake in Zhongzheng Microelectronics, aiming to leverage digital economy trends [16][19]. Market Position and Challenges - Jinzi Ham is recognized as a leading player in the traditional ham industry, but faces challenges from intensified market competition and changing consumer preferences [11][14]. - The company's past attempts at diversification into unrelated sectors have met with limited success, highlighting the risks associated with its investment strategies [19].

Group 1 - The core point of the news is the resignation of Guo Bo as the president of Jinzi Ham, with Zheng Hu appointed as the new president after a brief tenure of only five months [1][5] - Guo Bo will continue to serve as the vice chairman and a member of the board's strategic committee [1] - Zheng Hu, born in 1991, has a background in automotive sales and has been promoted from vice president to president within a short period [5][6] Group 2 - Zheng Qing Sheng, the controlling shareholder and chairman, acquired 11.98% of Jinzi Ham's total shares, gaining significant voting rights [6] - The company has recently ventured into the semiconductor industry, establishing two companies focused on chip business [6] - Jinzi Ham's subsidiary plans to invest up to 300 million yuan to acquire up to 20% of Zhongsheng Microelectronics, a company currently not profitable [6][7] Group 3 - Jinzi Ham has previously attempted cross-industry investments in various sectors, including internet finance and healthcare, but has faced challenges with some investments [7] - For the first three quarters of 2025, the company reported a revenue of 222 million yuan, a year-on-year decrease of 13.97%, and a net profit of 22.01 million yuan, down 26.25% year-on-year [8]

Core Viewpoint - Jinzi Ham, known as the "first ham stock," has announced the resignation of its president Guo Bo for personal reasons, appointing Zheng Hu as the new president, marking the second leadership change within the year [1][2]. Group 1: Leadership Changes - This is the second time Jinzi Ham has changed its president in 2023, with Guo Bo serving only five months in the role after replacing Zhou Guohua in July [2]. - Zheng Hu, born in 1991, has been appointed as the new president and has a background in automotive sales, specifically with Aston Martin [2]. - Zheng Hu is the son of Zheng Qingsheng, the controlling shareholder of Jinzi Ham, who holds 145 million shares, representing 11.98% of the company's total shares [2][6]. Group 2: Company Background - Jinzi Ham was established in 1994 and went public on the Shenzhen Stock Exchange in 2010, recognized as a key enterprise in agricultural industrialization in Zhejiang [4]. - The company specializes in various ham products, including Jinhua ham and Parma fermented ham, as well as traditional meat products and innovative items like ham ice cream [4]. Group 3: Financial Performance - For the first three quarters of 2025, Jinzi Ham reported total revenue of 222.3 million yuan, a year-on-year decrease of 13.97%, and a net profit attributable to shareholders of 22 million yuan, down 26.25% [5]. - In the third quarter, the company achieved revenue of 52.6 million yuan, a decline of 11.45%, and a net profit of -905,820 yuan, a decrease of 19.44% [5]. - The company's total assets at the end of the reporting period were approximately 2.67 billion yuan, reflecting a 2.30% decrease from the previous year [5]. Group 4: Recent Developments - Zheng Qingsheng acquired control of Jinzi Ham in June 2023, transferring 145 million shares to himself and gaining significant voting rights [6]. - The company has diversified into the semiconductor industry, establishing two new companies focused on chip technology [6]. Group 5: Market Position - As of December 15, 2023, Jinzi Ham's stock closed at 6.49 yuan per share, with a market capitalization of 7.857 billion yuan [9].

Group 1 - The core point of the article is the resignation of Guo Bo as the president of Jinzi Ham, with Zheng Hu appointed as the new president, marking the second leadership change within the year [2][3] - Zheng Hu, born in 1991, has been the vice president of Jinzi Ham since July and has no direct or indirect shareholding in the company [3] - The company is controlled by Zheng Qingsheng, who holds 145 million shares, representing 11.98% of the total share capital, and has significant voting rights [5] Group 2 - Jinzi Ham reported a total revenue of 222 million yuan for the first three quarters of 2025, a year-on-year decrease of 13.97%, with a net profit of 22.01 million yuan, down 26.25% [5] - In the third quarter, the company achieved a revenue of 52.61 million yuan, a decline of 11.45%, and a net loss of 905,800 yuan, a decrease of 19.44% [5] - The company has diversified into the semiconductor business, establishing two companies focused on chip technology [5] Group 3 - Jinzi Ham's stock closed at 6.49 yuan per share on December 15, with a market capitalization of 7.857 billion yuan [8]

Core Viewpoint - Jinzi Ham, known as the "first ham stock," has announced the resignation of its president Guo Bo due to personal reasons, with Zheng Hu appointed as the new president, marking the second leadership change within the year [1][2]. Company Leadership Changes - This is the second time Jinzi Ham has changed its president in 2023; Guo Bo served for only five months after taking over from Zhou Guohua in July [2]. - Zheng Hu, born in 1991, has been appointed as the new president and previously served as vice president of Jinzi Ham [2]. - Zheng Hu is the son of Zheng Qingsheng, the controlling shareholder of Jinzi Ham, who holds 145 million shares, representing 11.98% of the company's total shares [6]. Company Background - Jinzi Ham was established in 1994 and listed on the Shenzhen Stock Exchange in 2010, recognized as a key leading enterprise in agricultural industrialization in Zhejiang [4]. - The company specializes in various ham products, traditional meat products, seasonings, and innovative products like ham ice cream and ham eight-treasure porridge [4]. Financial Performance - For the first three quarters of 2025, Jinzi Ham reported total revenue of 222.3 million yuan, a year-on-year decrease of 13.97% [5]. - The net profit attributable to shareholders was 22.01 million yuan, down 26.25% year-on-year [5]. - In Q3 2025, the company achieved revenue of 52.61 million yuan, a decline of 11.45%, and a net profit of -905,820.30 yuan, a decrease of 19.44% [5]. Business Expansion - Zheng Qingsheng acquired control of Jinzi Ham in June 2023, transferring 145 million shares and gaining significant voting rights [6]. - The company has diversified into the semiconductor industry, establishing two companies focused on chip business: Jinzi Chip (Shanghai) Technology Co., Ltd. and Fujian Jinzi Semiconductor Co., Ltd. [6]. Market Performance - As of December 15, 2023, Jinzi Ham's stock closed at 6.49 yuan per share, with a market capitalization of 7.857 billion yuan [8].

Group 1 - The company announced the resignation of its president, Guo Bo, after five months in office, citing personal reasons, while she will continue to serve as vice chairman and a member of the board's strategic committee [1][10] - Zheng Hu, born in 1991 and previously the vice president, has been appointed as the new president, marking the second presidential change within the year [3][10] - The company reported a revenue of 222 million yuan and a net profit attributable to shareholders of 22.01 million yuan for the first three quarters of 2025 [4][11] Group 2 - Zheng Qing Sheng became the controlling shareholder of the company after acquiring 145 million shares, representing 11.98% of the total share capital, and has been granted voting rights over an additional 82.97 million shares [5][12] - Zheng Qing Sheng, a businessman with interests in various sectors including real estate and automotive, has been in control of the company for only six months [6][13] - The company plans to invest 300 million yuan in the semiconductor industry, establishing two subsidiaries focused on chip business [7][15] Group 3 - The company has set up two subsidiaries, Jinzi Chip (Shanghai) Technology Co., Ltd. and Fujian Jinzi Semiconductor Co., Ltd., to pursue its semiconductor ambitions [8][15] - The investment aims to acquire up to 20% equity in Zhongzheng Microelectronics, focusing on domestic alternatives in the optical communication chip sector [15]