Author | Shu Yu
Personnel
Personnel changes are like a mirror, reflecting the turbulence of the PV industry in 2024.
According to the incomplete statistics of Sobi Photovoltaic Network, as of April 15, a total of 48 photovoltaic companies have changed their directors, supervisors and senior executives, involving 90 people. This also means that on average, a core executive of a listed company will join, leave or transfer in less than two days.
In the dynamic adjustment of the changes in the demand for talents in the photovoltaic industry, we may be able to get a glimpse of the confusion and rise of photovoltaic enterprises in different sequences before the cruel status quo of many projects terminated and production lines shut down.
From the perspective of the reasons for resignation, in addition to regular work changes, company division of labor adjustments, board of directors replacement, etc., there are also 7 personnel changes caused by suspected infringement of trade secrets, suspected of serious violations of laws and disciplines, suspected of financial fraud, fraudulent issuance, etc., which have aroused heated discussions in the industry.
▶ On April 3, Yang Cheng, the actual controller of the A-share photovoltaic listed company *ST Hongxiang Co., Ltd., the then chairman and general manager of the company, was fined 22.88 million yuan and banned from the market for life for organizing and guiding the company to carry out information disclosure violations and fraud, which was extremely serious.
On the same day, Yang Cheng resigned from many important positions such as director, chairman and general manager of the company. After his resignation, Yang Cheng's brother Yang Li took over as chairman of the company.
▶ On March 12, Zhenjiang Co., Ltd. issued an announcement that Wang, the mother of Jia Bing, the company's supervisor, bought and sold stocks without Jia Bing's knowledge, constituting a short-term transaction and making a profit of 35,984 yuan. At the same time, the Company determined that there was no purpose for the purpose of profiting from these transactions. As soon as this remark came out, it quickly set off an uproar on the Internet.
At present, Zhenjiang Co., Ltd. has collected Wang's stock income and promised to do a good job in the relevant training and publicity of the company's directors, supervisors and senior executives in the future.
▶ On the evening of March 14, Tianyi Shangjia announced that Wu Peifang, the company's chairman and actual controller, was retained by the supervision department for investigation, and after the news was released, Tianyi Shangjia's share price fell by more than 14%.
In addition, the personnel changes of Gaomeng New Materials are also incredible. On January 16, Gaomeng New Materials announced that Cao Xue, chairman of the company, was investigated by the public security organs for suspected infringement of trade secrets and criminal coercive measures were taken. At the same time, due to the needs of the investigation, the public security organs released General Manager Chen Dengyu and Deputy General Manager He Changsheng on bail pending trial.
The chairman of the board of directors was placed on file for investigation, and the general manager and deputy general manager were both released on bail pending trial, indicating that the issues involved are quite serious, and such incidents are rare in listed companies.
From the perspective of job distribution, 30% of the senior executives at the chairman, president, and general manager levels changed, 19% of the senior executives at the deputy general manager and vice president level, and 37% of the directors, independent directors, and non-independent directors resigned.
From the perspective of enterprises, as of today, the most personnel changes are Meichang shares and Quanwei Technology, but because most of the changes in their two companies are the change of the board of directors, the positions are not the company's real executives.
The second is Lingda shares. On January 1 this year, Lingda announced the appointment of Wang Bo as the company's vice president, and on January 15, Yang Donglin was appointed as the company's vice president and secretary of the board of directors, and Zhao Yi was appointed as the company's securities affairs representative.
In the past two years, the position of secretary of the board of directors and vice president of Lingda has changed frequently, first Liu Qi's resignation, and then Zhang Jianqun's brief success, but soon after. After that, only Ye Haibin was hired as vice president. However, the position of secretary of the board of directors is still pending, which may affect the company's daily operations and information disclosure to a certain extent.
▶ The resignation of the founder of Xiuqiang shares is also more shocking.
On January 16, Xiuqiang Co., Ltd. announced that due to personal reasons, Lu Xiuqiang, the founder, general manager and director of the company, submitted his resignation. At the same time, Li Guozhang and Zhao Meng were appointed as executive deputy general managers and deputy general managers of the company respectively.
Xiuqiang shares are named after the founder Lu Xiuqiang, and its importance is self-evident. Why Lu Xiuqiang resigned as a director, general manager and other positions in subsidiaries of listed companies has been speculated by the outside world.
▶ On January 4, Fengyang Suntech Electric Power changed its legal entity from Chen Bihua to Xiao Rong.
▶ On February 1, Hengdian DMC issued an announcement to hire He Yue as the general manager of the company.
He Yue and Chen Bihua were colleagues of Suntech, and before joining Hengdian DMC, He Yue was the vice president of Suntech and the head of the company's photovoltaic industry.
Now, He Yue has been promoted to the position of "second-in-command" in Hengdian DMC, and Chen Bihua has resigned from senior management positions in Suntech Power, Shunfeng Technology and other companies, and the next step is unknown.
▶ Tang Jun, general manager of EGing Optoelectronics, has attracted much attention for his "job hopping".
On April 1, EGing Optoelectronics announced that Tang Jun resigned as a non-independent director, a member of the nomination committee, a member of the remuneration and assessment committee, a member of the strategic development and ESG committee and the general manager of the company's seventh board of directors for personal reasons.
Tang Jun has successively served as the head of many photovoltaic companies such as Zhejiang Zhongyi Solar, Ningbo Jingyuan Solar, ReneSola Solar, Rongde New Energy, Wuxi Suntech, etc., and brought the company to a new height.
Before Tang Jun joined, EGing Optoelectronics had been losing money for 3 consecutive years. After Tang Jun joined, he led EGing Optoelectronics to turn losses into profits. According to the published financial report, in the first three quarters of 2023, EGing Optoelectronics achieved a net profit attributable to the parent company of 302 million yuan, a year-on-year increase of 528.54%.
However, from the second half of 2023, the competition in the photovoltaic industry will become more and more fierce, and EGing's life will become more and more difficult. Due to the inaccurate progress of the project construction, in November 2023, the China Securities Regulatory Commission (CSRC) took administrative supervision measures such as issuing warning letters to EGing Optoelectronics, its board secretaries Zhang Ting and Weizhi Energy.
In addition, some analysts have recently circulated in the industry that three mid-sized manufacturers will go bankrupt due to their inability to compete in the current environment. According to industry insiders, EGing Optoelectronics is likely to be one of them.
Tang Jun's resignation made the future of EGing Optoelectronics, which was in a difficult situation, even more unpredictable.
As for Tang Jun's whereabouts after his resignation, some industry sources said that he was going to Runyang Co., Ltd. to serve as the general manager.
▶ On 15 April, a responsible comrade of the Organization Department of the CPC Central Committee announced that Comrade Liu Weiping had been appointed chairman of the board of directors and secretary of the leading party group of the China Three Gorges Corporation.
On the same day, the relevant responsible comrades of the Organization Department of the CPC Central Committee announced that Comrade Zhang Chuanjiang had been appointed director, general manager, and deputy secretary of the leading party group of China Datang Group Co., Ltd.
Companies are laying off employees in turn, and senior management is moving frequently. Behind this seemingly chaotic appearance, there is actually a profound logic of industrial pattern and cyclical changes.
It is certain that the ethics of photovoltaic people and the improvement of their own capabilities are the stable force that promotes the continuous progress of this industry.
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