公告同时表示，在当日召开的第九届董事会第二十一次临时会议上，经全体董事推举，由公司董事、首席执行官 钱劲舟先生代为履行公司董事长、法定代表人职责及董事会战略委员会主任委员、提名委员会委员职责。 素有地产界黄埔军校之称的万通发展（600246.SH），遭遇"黑天鹅"。 2025年8月18日晚，公司发布公告称，公司实际控制人、董事长王忆会的家属，收到北京市公安局的拘留通知，王 忆会先生正在公安机关配合调查。 王忆会曾任北京先锋粮农实业股份有限公司副董事长，公司于2000年成功上市（股票简称"先锋股份"），经营主 业为玉米淀粉研制、开发、生产以及销售。此后数年，经过资产置换、股权收购等一系列运作，万通地产成功"借 壳"先锋股份，股票简称依次变更为"万通先锋""万通地产"，直至目前的"万通发展"。 2004年，王忆会出任嘉华东方控股（集团）有限公司（下称"嘉华东方"）董事长，此后十余年，嘉华东方涉足地 产、体育、通讯科技、农业、会展服务、节能环保、矿业等诸多领域。截至2015年底，嘉华东方总资产为60.42亿 元，2014你那营业收入、净利润分别为4.84亿元、0.32亿元。 2015年开始，通过定增、要约收购等方式 ...

Group 1 - The core point of the news is that Wantong Development's chairman Wang Yihui is under investigation by the Beijing Public Security Bureau, but the investigation is unrelated to the company's daily operations [1] - Following the notification, the board of directors appointed CEO Qian Jinzhu to temporarily assume the responsibilities of the chairman and other related roles until Wang Yihui resumes his duties or a new appointment is made [1] - Wantong Development asserts that it has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team without significant adverse impact from the investigation [1] Group 2 - Wantong Development is progressing with its strategic transformation by acquiring a 62.9801% stake in Shuduo Technology for a total investment of 854 million yuan, which will make Shuduo a subsidiary included in the consolidated financial statements [2] - Shuduo Technology, established in February 2021, focuses on high-speed interconnect chip design and ASIC chip customization services, primarily for GPU data transmission, but has not yet achieved profitability [2] - Following the announcement of the acquisition, Wantong Development received an inquiry from the Shanghai Stock Exchange regarding the business model and financial sustainability of Shuduo Technology, highlighting potential operational risks [2]

Core Viewpoint - The announcement regarding the detention of the actual controller and chairman of Beijing Wantong New Development Group Co., Ltd. raises concerns about the company's governance and potential impact on its operations and financial performance [2]. Company Overview - Beijing Wantong New Development Group Co., Ltd. was listed on September 22, 2000, and has undergone several name changes, previously known as Beijing Wantong Real Estate Co., Ltd. and Beijing Wantong Pioneer Real Estate Co., Ltd. The company primarily engages in real estate development and sales, urban renewal and operation, as well as communication and digital technology [3]. Leadership Background - Wang Yihui, the actual controller and chairman, was born in September 1954 and graduated from Renmin University of China with a bachelor's and master's degree in philosophy. He has previously worked at the Central Party School of the Communist Party of China [5]. Financial Performance - The company has reported losses in recent years, with losses of 323.11 million yuan in 2022, 390.15 million yuan in 2023, 457.04 million yuan in 2024, and 35.26 million yuan in the first quarter of 2025 [6]. - Key financial metrics as of March 31, 2025, include: - Net profit: -35.26 million yuan - Revenue: 115.29 million yuan, with a growth rate of 51.21% - Return on equity: -0.68% [7].

Core Viewpoint - Wantong Development (600246.SH) has experienced a significant decline in stock price following the detention of its actual controller and chairman, Wang Yihui, amid an investigation that is reportedly unrelated to the company's daily operations [1][2]. Financial Performance - For the first half of 2025, the company expects a net profit attributable to shareholders of between -33 million and -22 million [2]. - The expected net profit after deducting non-recurring gains and losses is projected to be between -75 million and -64 million [2]. - Revenue figures for Wantong Development from 2022 to 2024 are as follows: 422 million in 2022, 487 million in 2023, and 495 million in 2024 [2]. - The net profit attributable to shareholders for the same period was -323 million in 2022, -390 million in 2023, and -457 million in 2024 [2]. - The cash flow from operating activities for the years 2022 to 2024 was 420 million, 91 million, and 30 million respectively [2]. Governance and Management - Following the detention of Wang Yihui, the company has appointed CEO Qian Jinzhu to assume the responsibilities of chairman and legal representative until Wang resumes duties or a new appointment is made [1]. - The company asserts that it has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team [1].

Core Viewpoint - The announcement from Wantong Development indicates that the company's actual controller and chairman, Wang Yihui, has been detained for investigation, which is unrelated to the company's daily operations. The company assures that its management and operations remain normal during this period [1][3]. Group 1: Company Management and Governance - Wantong Development's board of directors held a meeting on August 18, where CEO Qian Jinzhu was appointed to act as the chairman and legal representative until Wang Yihui resumes his duties or a new appointment is made [1]. - The company emphasizes its robust corporate governance structure and internal control systems, stating that daily operations are managed by the executive team, and other board members and senior management are performing their duties normally [3]. Group 2: Business Operations and Financial Impact - The company is actively pursuing its strategic transformation by integrating Shudao Technology, planning to invest a total of 854 million yuan to acquire a 62.9801% stake in the company, which will then become a subsidiary included in Wantong Development's consolidated financial statements [4]. - Shudao Technology, established in February 2021, focuses on high-speed interconnect chip design and has not yet achieved profitability [4]. - Following the announcement of the acquisition, Wantong Development's stock experienced a surge, hitting the daily limit up for four consecutive trading days, but subsequently faced a significant drop, reaching the limit down on August 18 and continuing to decline on August 19, with a market capitalization of approximately 16.5 billion yuan [4][6].

Core Viewpoint - The sudden detention of the chairman of Wantong Development (600246.SH) casts a shadow over the company's transition to digital technology amidst ongoing financial losses [1][2]. Group 1: Company Leadership and Management Changes - On August 18, Wantong Development disclosed that its actual controller and chairman, Wang Yihui, was detained by the Beijing Public Security Bureau, with the investigation unrelated to the company's daily operations [2]. - Following this, the company held an emergency board meeting and appointed CEO Qian Jinzhu to assume the responsibilities of chairman and legal representative, indicating his deep involvement in the company's strategic transition [2]. Group 2: Strategic Acquisition and Financial Implications - Wantong Development announced plans to invest 854 million yuan to acquire a 62.98% stake in chip company Shudao Technology, which has faced significant losses since its establishment in 2021, with projected cumulative net losses exceeding 230 million yuan from 2023 to mid-2025 [3][4]. - The acquisition is positioned as a key move in the company's strategy to transition towards digital technology, aiming to enter the integrated circuit and AI infrastructure sectors, which are characterized by high growth potential and entry barriers [4]. - The valuation for this acquisition is controversial, with a staggering premium of 1869.01% over the net asset value of Shudao Technology, raising concerns about the rationale behind such a high valuation [4][5]. Group 3: Market Reactions and Financial Performance - Following the acquisition announcement, Wantong Development's stock price initially surged but then fell sharply, closing at 9.58 yuan per share on August 18, marking a 9.96% drop and reducing the total market capitalization to 18.1 billion yuan [2][9]. - The company reported net losses of 330 million yuan in 2023 and 498 million yuan in 2024, with a projected loss of 22 to 33 million yuan for the first half of 2025, although this represents an improvement compared to the previous year's loss of approximately 79 million yuan [7][8]. - Concerns about the chairman's detention and its impact on the company's strategic direction and acquisition plans have led to increased uncertainty among investors [9][10].

Core Viewpoint - Wantong Development (600246) experienced a limit down on August 19, opening at a price of 8.62 yuan per share due to news regarding its actual controller and chairman Wang Yihui being detained by the Beijing police for investigation, although the family stated that the investigation is unrelated to the company's daily operations [1][1][1] Company Summary - On August 18, Wantong Development disclosed that the chairman Wang Yihui's family informed the company about the detention notice received from the Beijing Public Security Bureau [1][1][1] - The investigation involving Wang Yihui is said to be unrelated to the company's normal production and operations according to his family [1][1][1]

Group 1 - Company announced that its actual controller and chairman Wang Yihui is under investigation by Beijing Public Security Bureau, but the investigation is unrelated to the company's daily operations [1] - The board of directors appointed CEO Qian Jinzhu to perform the duties of chairman and legal representative until Wang Yihui resumes his duties or a new officer is elected [1] - The company stated that its governance structure and internal control systems are sound, and daily operations are managed by the executive team, ensuring normal business operations [1] Group 2 - Company is planning to invest approximately 854 million yuan to acquire 62.98% of Beijing Shudu Information Technology Co., Ltd., which will become a subsidiary included in the consolidated financial statements [2] - Shudu Technology specializes in high-speed interconnect chip design and development, focusing on ASIC chip customization services, with its core product being PCIe high-speed switching chips [2] - This transaction is seen as a key opportunity for the company to enter the high-value digital chip sector, aligning with its strategic goal of transforming into a digital technology business and creating new growth points [2]

Core Viewpoint - The actual controller of Wantong Development, Wang Yihui, has been detained for investigation, which the company claims is unrelated to its daily operations [2] Group 1: Company Announcement - On August 18, Wantong Development announced that its actual controller and chairman, Wang Yihui, was detained by the Beijing Public Security Bureau [2] - The company held an emergency board meeting and appointed CEO Qian Jinzhu to assume the roles of chairman and legal representative [2] - Wantong Development asserts that it has a sound corporate governance structure and internal control system, ensuring that this incident will not significantly impact its daily operations [2] Group 2: Company Background and Strategic Shift - Wantong Development was founded by the "Wantong Six Gentlemen" and later went public through a series of operations led by Feng Lun, establishing the Wantong real estate brand [3] - In 2016, Jia Hua Holdings became the controlling shareholder after investing 3.15 billion yuan and acquired all shares held by Feng Lun, leading to the "de-Feng Lun" transition [3] - Following Feng Lun's exit, Wantong Development rebranded and began to shrink its real estate business, focusing on cultural, technological, and new infrastructure sectors [3] Group 3: Recent Acquisition and Financial Performance - Wantong Development plans to acquire a 62.98% stake in Beijing Shuduo Information Technology Co., Ltd. for 854 million yuan, which has raised inquiries from the Shanghai Stock Exchange regarding the transaction's rationale and valuation [3][4] - Shuduo Technology specializes in high-speed interconnect chip design, with a core product being PCIe high-speed switching chips, but reported a revenue of 16.28 million yuan and a net loss of 35.98 million yuan in the first half of the year [4] - Wantong Development has been experiencing continuous losses over the past three years, with a total revenue of 495 million yuan and a net loss of 457 million yuan in 2024, primarily from real estate sales and leasing [4]

Core Viewpoint - The sudden detention of Wang Yihui, the actual controller and chairman of Wantong Development, has raised concerns about the company's governance and operational stability, although the company asserts that the investigation is unrelated to its daily operations [3][5]. Company Background - Wantong Development was founded by the "Wantong Six Gentlemen" and later went public through a series of operations led by Feng Lun, establishing the Wantong real estate brand [4]. - In 2016, Jia Hua Holdings became the controlling shareholder of Wantong Development by investing 3.15 billion yuan and acquiring all shares held by Feng Lun, marking the company's transition away from Feng Lun's influence [4]. Recent Developments - Following Feng Lun's exit in 2016, Wantong Development rebranded and began to shrink its real estate business, aiming to diversify into culture, technology, and new infrastructure sectors [5]. - The company is currently pursuing a transformation towards communications and digital technology, with ongoing acquisition efforts in this field [5]. Financial Performance - Wantong Development has reported continuous losses over the past three years, with its primary revenue still coming from real estate sales and leasing [5]. - In 2024, the company achieved total revenue of 495 million yuan but incurred a net loss of 457 million yuan, with a non-recurring net profit loss of 498 million yuan [5]. Acquisition Plans - On August 11, Wantong Development received an inquiry from the Shanghai Stock Exchange regarding its plan to acquire 62.98% of Beijing Shuduo Information Technology for 854 million yuan, requiring additional information on transaction rationale, valuation, payment arrangements, and insider trading prevention [5]. - Shuduo Technology reported revenue of 16.28 million yuan in the first half of the year but posted a net loss of 35.98 million yuan, with total assets of 330 million yuan as of June 30 [5]. - Wantong Development anticipates that Shuduo's losses will narrow as it scales up production, with expectations for mass supply by Q4 2025 and a return to profitability by 2027 [5].