Chinese China metallurgical resigned, chairman of the President

Just in the first half of the profitability of China China metallurgical, recently released personnel change ASTM A234 socket welding pipe fitting tee announcement, the company chairman JingTianLiang, President Mr. Shen to resign at the same time, it makes the industry a little surprise.Announcement shows that JingTianLiang resigned as chairman of the board of directors of the company and the board's strategy and risk management ANSI Sch40 butt welding eccentric reducer pipe fittings committee convener, reason is "term is over three years".

As for Mr. Shen stepped down as President of the reason, the explanation was the announcement "because of body ASTM A53/A106 spiral steel pipe reason". Two people after the resignation, Chinese chairman and President of China metallurgical respectively by former vice President of standard specification for seamless carbon steel mechanical tubing the company the former vice chairman of Chinese and western Zhang Zhaoxiang took over.
Beijing commercial daily reporter from China China metallurgical website see, JingTianLiang had any coal industry, the state department, deputy director of the China forward coal corporation, China coal energy co., LTD., chairman of the China post, etc. Mr. Shen has been in the field of metallurgy.

For two executives to resign at the same time, as stated in the announcement reason slightly thin, especially it happened after a profit in the company. China China metallurgical has just been released in the first half of the performance report, according to the company in the first half of the revenue of 91.153 billion yuan, fell 14.8% year on year; Net profit attributable to shareholders of listed companies of 1.48 billion yuan, loss of 182 million yuan over the same period last year. In addition, as of the first half of this year, the company asset-liability ratio is 83.68%, the year fell by 0.12%, nearly fell for the first time in four years.