On August 25, Suzhou Alton Electrical&Mechanical Industry Co.,Ltd. announced that Chief Financial Officer Yao Ling has submitted her resignation for personal reasons, with the resignation taking effect upon delivery to the board of directors.
The board has decided that Chairman and General Manager WEIDONG LU will temporarily assume the CFO responsibilities while the company expedites the selection process for a new financial chief.
According to company records, Yao Ling brings extensive financial management expertise and multinational corporate experience. She graduated from Shanghai University of Finance and Economics with a Bachelor's degree in Economics, later obtaining a Master's in Accounting from Tsinghua University and a Master of Science from Singapore Management University. She also holds the Chartered Global Management Accountant (CGMA) qualification from the Chartered Institute of Management Accountants (CIMA).
Early in her career, Yao Ling worked at General Electric Company from February 2006 to May 2017, holding various financial management positions across multiple divisions including healthcare and lighting. From June 2017 to May 2024, she served as CFO at Meinian Onehealth Healthcare Group Co., Ltd.
Yao Ling joined Suzhou Alton Electrical in August 2024 as CFO and financial controller, serving at the company for only about one year. According to the company's 2024 annual report, her compensation for 2024 was 240,000 yuan.
Against the backdrop of this personnel change, the market continues to focus on Suzhou Alton Electrical's financial management structure. As of August 25 close, the company's stock price stood at 32.49 yuan per share, representing a year-to-date gain of 35.89%, with a total market capitalization of 8.283 billion yuan, reflecting capital market confidence in the company's fundamentals.
Notably, the company has maintained steady growth in recent performance. According to the 2025 interim report, the company achieved operating revenue of 8.785 billion yuan in the first half, up 18.89% year-over-year, while net profit attributable to shareholders reached 115 million yuan, increasing 18.52% compared to the same period last year. As core business operations continue to expand, the company's profitability and cash flow conditions show improving trends, laying a foundation for future strategic initiatives.
Overall, Yao Ling's resignation has limited impact on Suzhou Alton Electrical's daily operations, but as a change in a core financial position, attention should be paid to subsequent executive team adjustments and continuity of the company's financial management system.
The company has clearly stated it will expedite the selection of a new CFO to maintain financial management stability. With continued investment in core business areas such as new energy and intelligent electrical equipment, the market will focus on the company's strategic adjustments in profitability quality, cost control, and capital expenditure. Following the appointment of a new CFO, corporate governance structure and performance are expected to remain key areas of investor attention.
Comments