Loncin GM's latest announcement: Director and General Manager Gao Yong resigned

Loncin GM announced that Gao Yong resigned as a director and general manager of the company. After resigning, Gao Yong no longer held any position in the company. The Board of Directors authorized Tu Jianhua, chairman of the Company, to act as General Manager during the vacancy of General Manager.

Loncin GM's 2021 third quarter report shows that the company's main revenue was 9.335 billion yuan, up 30.62% year-on-year; net profit attributable to the mother was 711 million yuan, up 44.19% year-on-year; deducted non-net profit was 429 million yuan, down 5.5% year-on-year; among them, in the third quarter of 2021, the company's single-quarter main revenue was 3.181 billion yuan, up 8.04% year-on-year; single-quarter net profit attributable to the mother was 195 million yuan, up 12.42% year-on-year. In the single quarter, the non-net profit was 186 million yuan, up 11.63% year-on-year; the debt ratio was 39.4%, the investment income was 286 million yuan, the financial expense was 5.1022 million yuan, and the gross profit margin was 13.87%.

The unit has not had an institutional rating in the last 90 days. In the past three months, the net inflow of financing was 49.4222 million, and the balance of financing increased; the net inflow of margin was 401,100, and the balance of margin increased. According to the Securities Star Valuation Analysis Tool, Loncin GM (603766) good company rating is 2.5 stars, good price rating is 2.5 stars, and valuation comprehensive rating is 2.5 stars.

The chairman of the company is Tu Jianhua. Mr. Tu Jianhua: Born in April 1963, Chinese nationality, no right of permanent residence abroad, Chairman of Loncin Holdings Limited from 2007 to June 2010. Since 2009, he has been a director of Loncin Group Co., Ltd. and Loncin Holdings Limited, and since April 2015, he has served as the chairman of the board of directors and an executive director of Qihe Environmental Protection Group Co., Ltd. He is a member of the 13th National Committee of the Chinese People's Political Consultative Conference, a deputy to the 11th and 12th National People's Congress, an executive committee member and a standing committee member of the All-China Federation of Industry and Commerce, a chairman of the Chongqing Federation of Industry and Commerce, a president of the General Chamber of Commerce, a vice president of the Chongqing Charity Federation, a vice president of the Chongqing Enterprise Confederation, a deputy to the second, third and fourth Chongqing Municipal People's Congress and a member of the Municipal People's Congress Financial and Economic Committee, a national model worker in 2005, and one of the 100 outstanding private entrepreneurs in the 40 years of reform and opening up. From October 2010 to January 2020, he served as a director of the first, second and third board of directors of the company. Since January 2020, he has been the chairman of the fourth board of directors of the company.

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