illuviump2e| The former chairman was registered! Hengrun shares will welcome the "new leader"

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The former chairman of the board has been filed! The A-share company will welcome the "new boss"

Hengrun shares (Protection of Rights) (603985) announced on the evening of April 30 that Cheng Lixin, the former chairman of the company and the second largest shareholder of the company, received a "case notice" issued by the China Securities Regulatory Commission on suspicion of market manipulation and insider information trading. The China Securities Regulatory Commission decided to file a case against him.

Prior to this, on April 29, Cheng Lixin resigned as director and chairman for personal reasons. Hengrun stressed that this investigation is a survey of Chengli's new individuals and will not have a significant impact on the operation of the company's board of directors and the company's day-to-day business activities.

Hengrun shares are about to usher in the moment of coach change. A reporter from Securities Times e Company learned from informed sources that under the background of Jining City Investment, the controlling shareholder, fully supporting the company's sustainable operation and development, the new chairman is very likely to have Jining City Investment background.

The new chairman may be recommended by Jining City Investment.

On the evening of April 29, Hengrun shares disclosed that Cheng Lixin resigned from the board of directors, chairman (legal representative), chairman of the board of directors (legal representative), chairman of the strategy committee of the board of directors and member of the board of directors nominating committee for personal reasons, and will no longer hold any position in the company after his resignation.

According to the Company Law, articles of Association and other relevant provisions, Chengli's new resignation will cause the number of members of the company's board of directors to be lower than the legal minimum. In view of the fact that the election of the new chairman of the board of directors still needs to go through the corresponding legal procedures, Chenglixin is still the legal representative of the company, and Chengli's new resignation report will take effect after the company elects a new director and chairman at the general meeting of shareholders.

Hengrun shares said that the company will complete the general election of the board of directors as soon as possible in accordance with legal procedures. At present, Zhou Hongliang, a director of Hengrun shares, is acting as chairman of the board. As early as February 2023, Cheng Lixin, then chairman and general manager of Hengrun shares, announced his resignation as general manager, and then the company's board of directors appointed Zhou Hongliang as general manager.

Zhou Hongliang is an "veteran" who has served in Hengrun for more than 20 years. According to public information, Zhou Hongliang has been the director and deputy general manager of the company since November 2004 and the general manager of the company since February 2023. He has played an important role in the development of the company.

In early December last year, after Cheng Lixin was criminally detained by the Changzhou Public Security Bureau directly under the Changzhou Public Security Bureau on suspicion of insider trading, Hengrun shares mentioned in the announcement of abnormal fluctuations in stock trading that the internal production and operation order of the company and its subsidiaries was normal. All the work was carried out in an orderly manner. "the company's orders and overall operation are in good condition and are not affected by the above matters." The announcement also mentioned that Jining City Investment, the controlling shareholder, fully supports the sustainable operation and development of the company.

A reporter from Securities Times e Company learned from informed sources that at that time, at a meeting held by people related to Jining City Investment and Hengrun shares, Jining City Investment recognized the historical achievements made by Hengrun shares. In view of the current situation of Hengrun shares, "Jining City Investment will give certain support according to the actual needs of the company to ensure the steady development of the company."

According to people familiar with the matter, the new chairman of Hengrun shares is likely to have the background of Jining City Investment.

The revenue of listed companies exceeded 1.8 billion yuan last year.

On the evening of April 24th, Hengrun shares (603985) disclosed its 2023 annual report. During the reporting period, Hengrun shares realized operating income of 18.Illuviump2e49 million yuan, with a net profit of-34.9855 million yuan.

As a precision machinery manufacturer, Hengrun products include wind power flanges, wind bearings, gas turbine components, nuclear power components, pressure vessels, offshore oil and gas equipment and so on. As an important supplier of rolling ring forgings and forging flanges, Hengrun shares have strong equipment process advantages and R & D advantages in the same industry in China. The company has obtained Vestas, General Electric, Siemens Gamesa, Alstom, Emerson, Samsung heavy Industry, Korea Chongshan, Vision Energy, Jinfeng Technology, Yunda shares, Mingyang Intelligence, Shanghai Electric (rights protection) and other international and domestic well-known manufacturers qualified supplier qualifications or enter their supplier catalogue.

During the reporting period, Hengrun shares ploughed the wind power industry chain, focusing on the R & D and trial production of large megawatt wind power tower flanges and wind power bearings. Among them, Hengrun ring forging 12MW and above wind power tower tube flanges to achieve mass production, Hengrun ring forging in 2023 was recognized as "Jiangsu Province specialized special new small and medium-sized enterprises"; Hengrun transmission bearing products three rows of independent variable propeller bearings to achieve mass production, spindle bearings are in the stage of bench test certification.

Specifically, the income of the wind power tower flange industry reached 814 million yuan, and that of the wind power bearing industry reached 234 million yuan, an increase of 108.14% over the same period last year. The main reason is that the subsidiary Hengrun transmission three rows of independent variable propeller bearings to achieve mass production and sales. The income of the machinery industry reached 193 million yuan, an increase of 22.16% over the same period last year. The main reason is that the overall steady growth of the construction machinery industry and the high prosperity of the industry.

In order to seize the opportunity of the development of the digital economy, Hengrun chose to cooperate with Shanghai Liuzhi. The two sides signed a "joint venture contract" on July 28, 2023, agreeing to jointly fund the establishment of Shanghai Liuzhi. The purpose of this cooperation is to integrate their respective superior resources, jointly develop the smart computing market, and strengthen the company's competitiveness in the new track of digital energy computing integration.