On January 4th, Zhejiang Jingsheng Mechanical & Electrical Co., Ltd. (300316) recently completed the transition of its board of directors and management team, reappointing Lu Xiaowen as the company's Board Secretary and Ji Shicai as the Securities Affairs Representative.
Lu Xiaowen previously worked at Ernst & Young Hua Ming LLP and served as the Chief Financial Officer and Board Secretary of Jingsheng Mechanical & Electrical from November 2010 to December 2016; from December 2016 to the present, she has held the positions of Vice President, CFO, and Board Secretary. During her tenure as Board Secretary, she participated in the entire process of the company's initial public offering and listing on the Growth Enterprise Market; Jingsheng Mechanical & Electrical successfully listed on May 11, 2012, meaning Lu Xiaowen has accumulated over 13 years of experience as a Board Secretary in a listed company, including multiple rounds of refinancing.
During Lu Xiaowen's tenure as Board Secretary, the company's total market capitalization has shown an overall growth trend; on its first day of listing, the market cap was 4.651 billion yuan, and by December 31, 2025, it had reached 48.125 billion yuan, an increase of approximately 43.474 billion yuan.
In 2025, during Lu Xiaowen's term as Board Secretary, Jingsheng Mechanical & Electrical held one annual general meeting and three extraordinary general meetings; at the recently held third extraordinary general meeting of 2025, the proposals "Regarding the Amendment of the Company's Articles of Association," "Regarding the Amendment of the Rules of Procedure for Shareholders' Meetings," and "Regarding the Amendment of the Rules of Procedure for Board Meetings" received opposing votes from minority shareholders accounting for 74.63%, 67.33%, and 69.95% of the votes cast, respectively.
In terms of compliance, according to public information, neither the company nor Lu Xiaowen personally received any penalties from securities regulatory authorities or stock exchanges during her tenure as Board Secretary.
Regarding compensation, Lu Xiaowen's remuneration for the years 2022 to 2024 was 1.6188 million yuan, 1.9208 million yuan, and 1.8411 million yuan, respectively; the average compensation for Board Secretaries of A-share listed companies in Shanghai and Shenzhen in 2024 was 756,900 yuan, placing her compensation in the upper echelon for the role.
In terms of company performance, Jingsheng Mechanical & Electrical reported revenue of 8.273 billion yuan for the first three quarters of 2025, a year-on-year decrease of 42.86%, and net profit attributable to shareholders of the listed company was 901 million yuan, a year-on-year decrease of 69.56%.
Public information shows that Jingsheng Mechanical & Electrical's main business products are semiconductor equipment, semiconductor substrate materials, semiconductor consumables, and components. As of June 30, 2025, the company and its subsidiaries held a total of 1,158 valid patents, including 300 invention patents (containing 15 international patents).
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