TOSDA: Proposed appointment of Xie Shimei to be responsible for the operation and management of the Investment Department, and Zhou Yongchong as Secretary of the Board

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 6th, Guangdong Topstar Technology Co., Ltd. (Stock abbreviation: Topstar; Stock code: 300607) announced changes in senior management. Ms. Xie Shimei resigned from her positions as Vice President, Secretary of the Board, and Co-Secretary of the Company due to internal management restructuring, and was appointed as Investment Director, responsible for the operation and management of the newly established investment department.

At the same time, the company’s board of directors decided to appoint Mr. Zhou Yongchong as the new Secretary of the Board, and Mr. Sun Yuxun as the Securities Affairs Representative and Co-Secretary of the Company.

These personnel changes aim to strengthen the company’s strategic layout in cutting-edge technology fields and accelerate the development of a smart industry ecosystem. Ms. Xie Shimei’s departure will not affect the normal operation of the company’s board of directors or daily business activities.

According to Tianyancha data, Topstar was founded on June 1, 2007, with a registered capital of 476.972412 million RMB. The legal representative is Wu Fengli, and the registered address is No. 35 Lianhuan Road, Daling Mountain Town, Dongguan City, Guangdong Province. The main business includes industrial robots and automation application systems, injection molding machines, supporting equipment and automatic feeding systems, CNC machine tools, and intelligent energy and environmental management systems.

Currently, the company’s chairman is Wu Fengli, the secretary of the board is Zhou Yongchong, with 2,069 employees, and the actual controller is Wu Fengli.

The company has stakes in 30 subsidiaries, including Dongguan Topstar Intelligent Equipment Co., Ltd., Zhi Ao (Shanghai) Robot Technology Co., Ltd., Dongguan Topstar Technology Co., Ltd., Topstar Software Technology (Dongguan) Co., Ltd., Topstar Technology Co., Ltd. (Singapore), and others.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 4.984 billion yuan, 4.553 billion yuan, and 2.872 billion yuan, respectively, with year-over-year growth of 51.36%, -8.65%, and -36.92%. Net profit attributable to shareholders was 160 million yuan, 88.03 million yuan, and -245 million yuan, with year-over-year growth of 144.16%, -44.86%, and -378.58%. During the same period, the company’s asset-liability ratio was 63.79%, 64.54%, and 51.22%.

Regarding risks, Tianyancha data shows the company has 475 internal Tianyan risks, 119 surrounding risks, 322 historical risks, and 207 warning alert risks.