FilingReader Intelligence

Zhenghai Magnetic cuts board of supervisors amid mixed results

August 19, 2025 at 05:47 PM UTCBy FilingReader AI

Yantai Zhenghai Magnetic Material eliminated its Board of Supervisors, transferring duties to the Board of Directors' Audit Committee.

The company reported operating income rose 20.42% to RMB 3.06 billion for the half-year, but net profit fell 24.39% to RMB 113.1 million.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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