8月23日，广东松发陶瓷股份有限公司(603268.SH，*ST松发)发布公告称，在公司第七届董事会第一次会议上，选举陈建华为公司第七届董事会董事长，其 子陈汉伦为公司总经理。 公开资料显示，*ST松发成立于2002年7月，2015年在上海证券交易所挂牌上市。此前，其产品涵盖家庭瓷器、酒店用瓷等。2025年，*ST松发通过实施重大 资产置换及发行股份购买资产，置入恒力重工集团有限公司100%股权，转型为船舶及高端装备制造企业，成为国内"民营造船第一股"。 *ST松发上述公告显示，陈建华出生于1971年，工商管理博士，高级经济师，2001年1月至今任恒力集团有限公司董事长、总裁等职务。 陈建华的儿子陈汉伦，2001年出生，今年24岁，研究生学历，应用金融硕士，曾任普华永道(新加坡)企业所得税税务咨询顾问，2024年3月至今任恒力集团 有限公司副总裁。 恒力集团由陈建华创建于1994年，目前是全球最大的功能性纤维生产基地和织造企业之一。去年，恒力集团总营收达8715亿元，位列世界500强第81位。 在2024年胡润百富榜上，陈建华、范红卫夫妇财富值高达1250亿元，排名第20位。在2025新财富500创富榜中，该 ...

据Choice的统计数据，目前A股"00后"总经理/总裁（下面统一为总经理）合计有4位（含陈汉伦）。其 中，鑫磊股份总经理钟佳妤、狮头股份总经理吴靓怡均出生于2000年；海南瑞泽董事长、总经理张灏铿 出生于2001年。张灏铿、陈汉伦同岁。 陈汉伦拥有研究生学历，系应用金融硕士。其曾任普华永道（新加坡）企业所得税税务咨询顾问。2024 年3月至今，陈汉伦担任恒力集团副总裁。 2018年10月，恒力集团通过股权受让等方式入主*ST松发。去年10月，上市公司发布筹划重大资产重组 的公告，成为"并购六条"实施后的一起全新跨界并购案例。 *ST松发拟通过上述重组并购恒力重工100%股权。恒力重工主营业务为船舶及高端装备的研发、生产及 销售，在大连长兴岛地区打造了世界先进的船舶与高端装备制造产业基地。上市公司称，重组有利于加 快公司战略转型，寻求新的利润增长点。恒力重工将建立资本市场的直接融资渠道，可为其未来的发展 提供资金保障。 A股又诞生了一位超年轻的总经理。 在8月22日召开的*ST松发(603268)第七届董事会第一次会议上，陈汉伦被聘任为公司总经理。陈汉伦出 生于2001年，年仅24岁。他为*ST松发实际控制人 ...

Core Viewpoint - *ST Songfa has undergone significant changes in its main business, controlling shareholders, and equity structure due to major asset swaps and share issuance for asset purchases, prompting an early board election to ensure integration with the new assets [1] Group 1: Board Restructuring - The seventh board of directors of *ST Songfa is proposed to consist of 9 members, including 3 independent directors and 6 non-independent directors [3] - Chen Hanlun, the son of actual controller Chen Jianhua, has been nominated as a non-independent director candidate, indicating his increasing role in the family-controlled company [3] Group 2: Chen Hanlun's Background - Chen Hanlun, born in 2001, has been active in public appearances since becoming Vice President of Hengli Group in March 2024, showcasing his involvement in significant corporate events [4] - His family's wealth is substantial, with Chen Jianhua and Fan Hongwei ranking 20th on the Hurun Rich List with a net worth of 125 billion yuan [5] Group 3: Company Transformation - Originally engaged in daily ceramic products, *ST Songfa has transformed into a popular stock in the A-share market following a major asset restructuring announcement in October 2024, planning to acquire 100% of Hengli Heavy Industry [7] - The restructuring was completed in May 2025, leading to a management adjustment and relocation of the company's office to Dalian [8] Group 4: Stock Performance - Following the restructuring announcement, *ST Songfa's stock price surged from approximately 14 yuan per share to a peak of 54 yuan, with a market capitalization exceeding 40 billion yuan, up from less than 2 billion yuan prior to the surge [8] - The company anticipates a net profit of 580 million to 700 million yuan for the first half of 2025, marking a turnaround from previous losses [10]

Group 1 - *ST Songfa has undergone significant changes in its main business, controlling shareholder, and equity structure due to major asset replacement and share issuance [4][6] - The company has nominated a new board of directors, including 24-year-old Chen Hanlun, son of actual controller Chen Jianhua, who is also the richest person in Jiangsu with a wealth of 125 billion yuan [4][6] - *ST Songfa's main business will shift from daily ceramic products to shipbuilding and high-end equipment manufacturing after acquiring 100% equity of Hengli Heavy Industry [6][7] Group 2 - Hengli Group, which controls *ST Songfa, is ranked among the Fortune Global 500 and China’s top 500 enterprises, with a total revenue of 871.5 billion yuan in 2024 [5][8] - The company has faced continuous losses in recent years, but it is expected to turn a profit in the first half of 2025, projecting a net profit of 580 million to 700 million yuan [6] - Hengli Heavy Industry aims to become a world-class green shipbuilding and high-end equipment manufacturing base, with over $1 billion in signed shipbuilding orders [7]

Investment Rating - The industry investment rating is "Positive" (maintained) [6][18] Core Viewpoints - Songfa Co., Ltd. has successfully passed the restructuring approval, aiming to become the first publicly listed civil shipbuilding company in China [1] - The acquisition of Hengli Heavy Industry is expected to enhance the company's focus on shipbuilding and high-end equipment manufacturing [1][2] - Hengli Heavy Industry ranks 4th globally in new orders received in 2024, indicating strong order backlog and production capacity [3] - The shipbuilding industry is experiencing an upward cycle due to ship replacement cycles, environmental policies, and tight capacity, which are expected to improve profitability for shipyards [4][5] Summary by Sections Restructuring and Acquisition - Songfa Co., Ltd. plans to strategically exit the daily ceramic products manufacturing sector and fully acquire Hengli Heavy Industry, which will become a wholly-owned subsidiary [1][2] - The restructuring involves significant asset swaps and issuance of shares to acquire the remaining 50% stake in Hengli Heavy Industry [2] Order and Production Capacity - Hengli Heavy Industry has a robust order backlog with 16.74 million DWT and 3.97 million CGT as of April 20, 2025, and new orders of 12.83 million DWT and 3.18 million CGT in 2024 [3] - The company has strong self-manufacturing capabilities for key components, particularly ship engines, which allows it to accept external orders starting from March 2024 [3] Industry Trends - The shipbuilding industry is currently experiencing high demand, with a notable increase in container ship orders, while other types of vessels are seeing a decline [4] - The new ship price index has shown a significant increase since 2021, currently at a historical peak, indicating a potential for continued price growth due to supply constraints and inflationary pressures [4][9] - The overall shipbuilding capacity is nearing saturation, but the number of active shipyards and delivery volumes have decreased, which may lead to sustained high prices for new ships [4] Investment Recommendations - The report suggests that the shipbuilding sector is poised for growth, with leading companies expected to benefit from high demand for large and high-end vessels [7] - Key recommended companies include China Shipbuilding, China Heavy Industry, and Songfa Co., Ltd. [7]