Core Viewpoint - The actual controller of Zhongrong Co., Ltd., Huang Huanran, has been placed under residential surveillance by the police, marking the second case of such an event in A-shares this year, following *ST Dayao [1][3] Company Overview - Zhongrong Co., Ltd. primarily focuses on paper-based printing and packaging products, serving clients across various sectors including cosmetics, oral care, personal and household care, food, health products, pharmaceuticals, consumer electronics, tobacco, and alcoholic beverages [1][4] Recent Developments - Huang Huanran, the actual controller and CEO, was notified of his residential surveillance on May 13, 2023, and had participated in a performance briefing just a week prior [2][3] - The company has stated that other board members and senior management are continuing their duties normally, and the operational management remains unaffected [2][4] Financial Performance - In the previous year, Zhongrong Co., Ltd. reported revenue of 2.782 billion yuan, a year-on-year increase of 7.3%, while net profit was 144 million yuan, reflecting a year-on-year decline of 29.6% [4] - Investors have expressed dissatisfaction with the company's market value management, particularly in light of the significant drop in stock price despite relatively stable performance [4] Future Growth Strategies - The company aims to maintain its leading position in the daily chemical, food, and health product sectors while accelerating the development of production bases for tobacco and alcoholic beverage packaging [5] - There is a focus on increasing investment in the southwestern production base and expanding into key clients within these sectors to foster new business growth points [5]
A股年内第二起！中荣股份63岁实控人被指定居所监视居住 公司业务主要做纸制包装