On the evening of November 26, 2025, Shenyang Fortune Precision Equipment Co., Ltd. (688409.SH), a STAR Market-listed company, announced the appointment of Lang Yu, former Institutional Department Director of CITIC Securities' Shenzhen branch, as its Board Secretary. The company also completed adjustments to its core management team, including the General Manager and CFO. These personnel changes signal the official launch of a dual-drive strategy combining "capital operations + strategic focus," aiming to break through growth bottlenecks amid the domestic semiconductor equipment wave.
**Securities-Backed Board Secretary: Strengthening Capital Operations** Lang Yu brings 13 years of financial institution experience, having worked at China Merchants Bank’s Changchun branch, Ping An Bank’s Shenzhen branch, and CITIC Securities’ Shenzhen branch. Her crossover into manufacturing underscores Fortune Precision’s expectation that her capital market expertise will enhance communication of the company’s mid-to-long-term strategic plans.
Notably, while Lang Yu has yet to obtain STAR Market Board Secretary certification, she has enrolled in training by the Shanghai Stock Exchange. Current General Manager Zheng Guangwen will temporarily assume her duties until formal qualification—a move reflecting regulatory compliance and the company’s urgency to bolster capital operations. In Q1-Q3 2025, Fortune Precision’s net profit attributable to shareholders plummeted 80.24% YoY, with a net margin of just 0.96% despite 17.94% revenue growth.
**Management Reshuffle: Founder’s Return and Internal Promotions** Concurrent with the Board Secretary change, Fortune Precision overhauled its leadership: 1. **Founder’s Comeback**: Zheng Guangwen, former Chairman and company founder (2008), reassumed the General Manager role after leading its 2024 STAR Market IPO as the first semiconductor precision components specialist. His return is seen as stabilizing strategic direction. 2. **Internal CFO Promotion**: Luan Yufeng rose from Finance Director to CFO, bringing cost-control expertise from his tenure since 2014—a potential boost to gross margins (24.94% in Q1-Q3 2025, down 1.03 ppts YoY). 3. **Smooth Transition**: Outgoing General Manager/CFO Zhang Xuan resigned for personal reasons, while former Board Secretary Liang Qianqian shifted to a directorial role. Neither held shares, ensuring no equity volatility.
**Strategic Focus: Domestic Semiconductor Equipment Push** Fortune Precision’s revenue heavily relies on integrated circuits (88.61% in 2024). Its precision components (e.g., chambers, showerheads, gas distribution panels) supply domestic leaders like NAURA but face high-end market dominance by global giants.
The management revamp may accelerate tech breakthroughs and capacity expansion. Q1-Q3 2025 R&D spending surged 35% YoY, targeting etching/deposition equipment localization. Lang Yu’s appointment could drive capital maneuvers (e.g., private placements, M&A) to consolidate supply chain resources and shorten high-end product cycles.
**Market Reaction: Short-Term Caution vs. Long-Term Potential** Post-announcement, Fortune Precision’s shares showed muted movement, reflecting investor focus on: 1. **New Team Integration**: Can the securities-backed Board Secretary translate capital prowess into order growth? 2. **Margin Recovery**: Will the promoted CFO’s cost controls lift profitability? 3. **Policy Tailwinds**: Can the company capture more market share amid volatile global trade?
**Conclusion** Fortune Precision’s restructuring represents a shift from "tech catch-up" to "capital + tech" dual-drive in the semiconductor localization wave. Synergy among Lang Yu’s financial acumen, Zheng’s industry experience, and Luan’s fiscal rigor could fuel high-end component breakthroughs. However, Q1 2026 financials—order mix, margins, and R&D conversion rates—will be key indicators of success.
*Disclaimer: This article incorporates AI-generated content and does not constitute investment advice. Market risks apply.*
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