On November 9, Winning Health Technology Group Co.,Ltd. (300253.SZ, share price: 8.15 yuan, market cap: 18.049 billion yuan) announced that Chairman Zhou Wei resigned from all positions including Chairman of the 6th Board of Directors, member of nomination/audit/compensation committees, and legal representative due to personal reasons. Zhou will remain as company consultant and executive director of two subsidiaries pending procedural changes.
The company's 6th Board of Directors appointed co-founder Liu Ning as new Chairman during their November 8 meeting. Liu, born 1963, holds a master's degree in applied mechanics from Fudan University and is a senior engineer. His career includes positions at HP, Shanghai Jinshida Winning Healthcare IT (as director and VP), and various leadership roles at Winning Health since 2004. He currently serves as employee representative director and Chairman, while also chairing two affiliated companies.
On November 5, Winning Health disclosed that its subsidiary Shenzhen Winning Zhongtian and controlling shareholder/Chairman Zhou Wei received criminal judgments from Dianbai District Court in Maoming, Guangdong. The subsidiary was fined 800,000 yuan while Zhou received a 1.5-year prison sentence plus 200,000 yuan fine. Both parties plan to appeal as the first-instance judgment isn't final. The company stated this won't significantly impact operations.
Founded in 1994, Winning Health specializes in smart hospitals, regional health IT, and internet+ healthcare solutions. Headquartered in Shanghai, it operates 10 R&D centers and 20 branches nationwide, serving over 6,000 medical institutions including 400+ tertiary hospitals.
The company reported Q3 2025 results on October 27: revenue fell 32.27% YoY to 1.296 billion yuan with net losses of 241 million yuan attributable to shareholders, and basic EPS loss of 0.1093 yuan.
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