Lanhua Sci-Tech reports Q3 losses, names new general manager

Shanxi Lanhua Sci-Tech Venture reported a substantial decrease in revenue and profit for the third quarter of 2025, with operating revenue at 1.83bn yuan and net profit attributable to shareholders at -46.96m yuan. This decline is attributed primarily to a decrease in product sales prices. Total assets, however, saw an increase to 36.89bn yuan.

In a significant corporate restructuring, the company announced the dissolution of its supervisory board, with its functions to be absorbed by the board of directors' audit committee. Concurrently, the company revised its articles of association and various governance policies to align with updated regulations. These changes aim to enhance corporate governance and operational efficiency.

Further bolstering its leadership, the board nominated Bi Kun as a candidate for director and appointed him as the new general manager, effective October 2025. Bi brings extensive experience from his prior roles, including managerial and directorial positions within the company’s coal and sales divisions.