Recently, multiple companies in the lighting industry, including Wanrun Technology, Xiaosong Shares, Feilo Acoustics, and Kangrong High-Tech, have witnessed significant personnel changes. Deputy general managers have resigned, new executives have taken office, and the industry is undergoing dynamic shifts, drawing attention to these executive adjustments.
Vice President Mr. Jin Ping ResignsOn April 1, Shenzhen Manruan Technology Co., Ltd. (abbreviated as: Manruan Technology) released the "Announcement on the Resignation of Senior Management". The announcement stated that Manruan Technology recently received a written resignation report from Mr. Jin Ping, Vice President, who resigned from his position as Vice President due to work adjustments but will continue to work at the company. According to relevant regulations, his resignation report takes effect from the date it is delivered to the Board of Directors.Regarding the resignation of the Vice President, Manruan Technology stated that as of the date of the announcement disclosure, Mr. Jin Ping did not hold any shares of the company, and his resignation will not affect the normal conduct of the company's related work.Jin Ping, born in 1968, holds a doctoral degree. From November 2017 to December 2018, he served as the Party Branch Secretary and Chairman of Hubei Hongtai Huachuang Emerging Industry Investment Co., Ltd.; from December 2018 to June 2019, he served as General Manager of the Investment Development Department of Hubei Hongtai State-owned Capital Investment Operation Group Co., Ltd., and Chairman and General Manager of Hubei Hongtai Industry and Finance Research Institute Co., Ltd. Since July 2019, Jin Ping has been appointed as Vice President of Manruan Technology.According to available information, Manruan Technology is mainly engaged in mid-stream LED packaging and downstream application businesses. It is a comprehensive provider and service provider of mid-to-high-end LED light source device packaging, LED lighting application products, and LED lighting engineering, integrating R&D, design, production, sales, and construction, offering customized and integrated solutions to customers.业绩方面，据此前万润科技披露的《2024年度业绩预告》显示，2024年，万润科技实现归属于上市公司股东的净利润为5000万元—7500万元，比上年同期增长10.50%—65.75%；扣除非经常性损益后的净利润为2000万元—3000万元，比上年同期增长116.84%—125.26%。 Regarding the statement "Net profit is positive, with expected growth compared to the same period last year," Wanrun Technology analyzed that there are mainly three reasons: First, during the reporting period, the company intensified market expansion, customer orders increased compared to the same period last year, and the company's sales revenue achieved growth; Second, investments and acquisitions have shown results, with the two wind power subsidiaries acquired in the third quarter of 2023 contributing consolidated profits during the reporting period; Third, performance compensation income was accrued due to matters related to performance commitments.
Xiaosong Shares
Appointment of Liu Hui as Deputy General Manager of the Company
On March 31, Guangdong Xiaosong Technology Co., Ltd. (abbreviated as: Xiaosong Shares) released the "Announcement on the Appointment of the Company's Deputy General Manager." The announcement stated that, upon nomination by the Company's General Manager and review and approval by the Board's Nomination Committee, the Company's Board of Directors agreed to appoint Mr. Liu Hui as the Company's Deputy General Manager , with his term starting from the date of approval by this Board meeting until the expiration of the sixth Board of Directors.
Liu Hui, born in 1974, is a senior engineer. He worked at the Nanchang Donghu District House Demolition and Resettlement Agency Service Office from February 1991 to July 2014, and has been engaged in independent entrepreneurship since July 2014. As of now, Liu Hui does not hold any shares in Xiaosong Shares, and there is no affiliated relationship between him and shareholders holding more than 5% of the company's shares, actual controllers, or other directors, supervisors, and senior management personnel of the company.
In terms of performance, Xiaosong Co., Ltd. disclosed its "2024 Annual Report" on the same day. The annual report shows that in 2024, Xiaosong Co., Ltd. achieved revenue of approximately RMB 1.529 billion, a year-on-year (YoY) decrease of 4.7%; and achieved net profit attributable to shareholders of the listed company of approximately -RMB 225 million, a year-on-year (YoY) decrease of 3147.52%.
According to information, the company was established in 2007, initially focusing on rechargeable lighting luminaires and rechargeable AC/DC dual-use fans, conducting product R&D, production, and sales around the concepts of "emergency" and "cordless". In recent years, the company has followed health and environmental protection trends, gradually expanding into healthy environment home appliances, high-efficiency energy-saving home appliances, smart pet appliances, and other fields, promoting product upgrades towards higher unit prices and higher added value. Main products include emergency appliances (including rechargeable lighting luminaires, rechargeable AC/DC dual-use fans, etc.), healthy lighting products, healthy environment appliances, etc. The engineering construction business is mainly implemented by the subsidiary Guohai Construction.
Among them, during the reporting period, the revenue from rechargeable lighting luminaires decreased by 13.26% compared to the previous period, and the gross profit margin decreased by 4.29% year-on-year; the revenue from rechargeable AC/DC dual-use fans increased by 22.99% compared to the previous period, and the gross profit margin decreased by 6.08% year-on-year. The combined revenue scale of traditional luminaire and fan businesses remained relatively stable, but affected by intensified market competition and fierce price competition within the industry, the company's product sales prices were under pressure, and reduced selling prices led to a decline in profitability.Appointment of Chen Zhongwei as Deputy General Manager of the CompanyOn March 28, Shanghai Feilo Acoustics Co., Ltd. (abbreviated as: Feilo Acoustics) released the "Announcement on the Appointment of Deputy General Manager". The announcement stated that, based on the nomination by Mr. Jin Fan, General Manager of Feilo Acoustics, and after qualification review by the Board Nomination Committee, the Board agreed to appoint Mr. Chen Zhongwei as the Company's Deputy General Manager , with his term starting from the date of approval by this Board meeting until the expiration of the term of the 13th Board of Directors. Chen Zhongwei, born in 1977, holds a university degree. He previously served as Sales Manager at Shanghai Zhiyang Digital Technology Development Co., Ltd., Sales Manager at the Shanghai Branch of Shantou Xuntai Enterprise Co., Ltd., General Manager of Shanghai Xinsen Electronic Technology Development Co., Ltd., and General Manager, Director, and Chairman of Shanghai INESA Xinsen Technology Development Co., Ltd. He currently serves as Deputy General Manager of Shanghai Feilo Acoustics Co., Ltd. In terms of performance, according to the "2024 Annual Report" disclosed by Feilo Acoustics, in 2024, Feilo Acoustics achieved revenue of approximately RMB 1.965 billion, a Year-on-year (YoY) decrease of 0.42%; and achieved net profit attributable to shareholders of the listed company of approximately RMB 39.4743 million, a Year-on-year (YoY) increase of 4.29%. The year 2024 marks an important milestone as the 40th anniversary of the establishment of Feilo Acoustics. The company stated that its automotive electronics and Automotive lighting business maintained steady growth, with good sales of products such as tail lights and high-mounted stop lamps for a famous car manufacturer, and front lights for Changan. In the automotive electrical appliances business, multiple projects achieved good batch sales performance, achieving the full-year targets ahead of schedule. Former General ManagerYan QirongResignsOn March 27, Guangdong Kangrong High-Tech New Materials Co., Ltd. (abbreviated as: Kangrong High-Tech) published the "Announcement on the Resignation of Former General Manager Ms. Yan Qirong" on its official WeChat account.The "Announcement" stated that the company's Board of Directors received the written resignation report from Ms. Yan Qirong, the former General Manager, on March 12 . Ms. Yan Qirong has applied to resign from her position as General Manager of the company due to personal reasons and will not hold any positions within the company or its subsidiaries after her resignation. In accordance with relevant regulations, her resignation report became effective on the date it was delivered to the Board of Directors. Ms. Yan Qirong's resignation will not affect the normal operations of the company.Kangrong High-Tech stated that since joining the company in 2003, Ms. Yan Qirong has served in various positions for twenty-two years, fulfilling her duties with dedication. With a strong sense of responsibility, she worked deeply on the front lines of corporate management. Under the overall planning of the Board of Directors led by Chairman Xue Xirong, she led the team to steadily advance daily business activities, assisted in establishing an efficient management system, improved multiple management systems, and contributed to the steady development of the company. The Board of Directors and all employees extend their sincerest respect and gratitude for her twenty-two years of diligent dedication!Yan Qirong, female, born in 1974, graduated from Jiangnan University with a major in Business Administration; joined Kangrong High-Tech in 2003, and previously held positions in the Planning Department, Human Resources Department, and General Manager's Office of Kangrong High-Tech.According to the information, Kangrong High-Tech was established in 1997, originally named Foshan Kangrong Fine Ceramics Co., Ltd. It focuses on the R&D and application of precision ceramic technology. Its products cover new ceramic materials, precision ceramics, LED packaging new material substrates, smart lamp holders and light bulbs, electric light source lamp caps, lamp holders, luminaires, decorative lighting accessories, biomedical lighting, and other fields.Regarding the resignation of the general manager, Kangrong High-Tech stated that the responsibilities of the company's management have been smoothly transitioned. Mr. Xue Xirong, the Chairman, is now fully coordinating strategic planning and daily management. The core team is collaborating stably, and production and operations are proceeding in an orderly manner.
Source: Dazhaoming, Corporate Announcements, compiled
