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Luxi Chemical Executive Changes: Vice President and HSE Director Du Senyao Resigns with Annual Salary Exceeding 800,000
Reprinted from: Shandong Financial News
On the afternoon of March 13, Luxi Chemical (000830.SZ) announced that due to organizational adjustments, Du Senyao has applied to resign from his positions as Vice General Manager and HSE Director. After stepping down, he will no longer hold any positions within the company; the role of HSE Director will be concurrently held by Deputy General Manager Duan Shaoshu.
According to information, Du Senyao was born in January 1973, holds a bachelor’s degree from university, and is a senior engineer at the professor level. He has previously served as Acting General Manager of Cangzhou Dahua TDI Co., Ltd., General Manager of Cangzhou Dahua Juhai Branch, Manager of Cangzhou Dahua Bili Co., Ltd., and General Manager of Cangzhou Dahua Co., Ltd. and the New Materials Division. Before resigning from his executive role at Luxi Chemical, his original term was scheduled to end in September 2027.
According to Luxi Chemical’s 2024 annual report, Du Senyao received a total pre-tax compensation of 837,900 yuan from the company in 2024.
Duan Shaoshu was born in January 1981, graduated from Beijing University of Chemical Technology with a major in Polymer Materials and Engineering, holds a Bachelor of Engineering degree, and is a senior engineer. He began working in 2003. He has served as Assistant General Manager and Deputy Production Director at Zhonghao Morning Light Chemical Research Institute Co., Ltd., and as Deputy General Manager. In June 2025, he was appointed Deputy General Manager of Luxi Chemical.
Luxi Chemical was established in 1998, with its registered location in the High-tech Industrial Development Zone of Liaocheng City. The legal representative is Wang Yanji, and the registered capital is 1.91 billion yuan. The company has gradually built a complete industrial chain covering coal chemical industry, salt chemical industry, fluorosilicone chemicals, and new chemical materials, and has established a large-scale chemical industrial park. Its core businesses include new chemical materials, basic chemicals, and fertilizers.
Regarding performance, Luxi Chemical’s 2025 performance forecast shows an expected net profit attributable to shareholders of listed companies between 850 million and 1.1 billion yuan, a year-on-year decrease of 45.78% to 58.10%. After excluding non-recurring gains and losses, net profit is expected to be between 650 million and 900 million yuan, down 54.12% to 66.87% year-on-year.
Regarding the reasons for the decline in performance in 2025, Luxi Chemical stated that it is mainly due to fluctuations in international oil prices, the overall sluggishness of the chemical industry, and weak downstream demand. The prices of the company’s main products have decreased more than raw material prices year-on-year, leading to a narrowing of gross profit margins and a subsequent decline in operating performance.