Yinghe Technology has completed its board reshuffle. Jia Tinggang, Vice President of Shanghai Electric, has been elected Chairman, and He Aibin has been appointed President. According to a company announcement on July 24, the sixth board of directors consists of five non-independent directors and three independent directors, with Jia Tinggang serving as Chairman and Zheng Yingxia as Vice Chairman. At the same time, He Aibin was appointed President, Luo Zeyan, Zhang Sa, and Ni Lei as Vice Presidents, Yang Tonghuan as Vice President and Board Secretary, and Zhu Yeqing as Vice President and Chief Financial Officer. Jia Tinggang currently serves as Vice President of Shanghai Electric Group and holds no shares in the company. He Aibin directly holds 587,500 shares. In the first quarter of this year, the company achieved revenue of 2.049 billion yuan, up 53.14 percent year-on-year, with net profit attributable to the parent company of 61.9 million yuan, up 308.19 percent year-on-year. However, the debt ratio rose to 65.35 percent, a new high in recent years.
Shenzhen Yinghe Technology Co LtdLeadership reshuffle with new Chairman and President, but no clear positive or negative signal; debt ratio rose to 65.35%.
Shanghai Electric Group Co Ltd