Reported 7 months ago
During the New Kinpo Group shareholder meeting, small shareholders complained about the stock price remaining in the single digits while the market surpassed 20,000 points, expressing disappointment in the management team. Chairman Chen Huaizhou apologized and promised to work harder to improve company operations. Despite the grievances, some shareholders shared their faith in the new management team, likening their situation to a long-time dedication akin to 'Wang Baochuan enduring the cold kiln for 18 years.' Chen revealed that when the new team took over, the company faced over 9 billion in losses but managed to achieve a significant growth with a net profit of 10.209 billion yuan in the first five months of the year, aiming to raise the stock price above 10 yuan to create higher value for the shareholders.
Source: YAHOO