Tianyu Information(SZ:300205) 2 1 Shi Ji Jing Ji Bao Dao·2025-05-30 18:24Core Viewpoint - *ST Tianyu's actual controller Yan Chunyu and others are under investigation for suspected fund misappropriation, which may be a continuation of historical issues affecting the company's operations and governance [2][4]. Group 1: Company Governance and Management Changes - On May 30, *ST Tianyu announced that it received a notice from the Wuhan Public Security Bureau regarding the investigation of its actual controller Yan Chunyu for suspected fund misappropriation [2]. - Prior to the investigation, *ST Tianyu experienced a significant management turnover, with key executives resigning within a week, including Chairman Yang Haitao and other senior management [4]. - The company's other actual controller, Aidi, has been listed as a dishonest executor by the court, with a financial obligation of approximately 150 million yuan [4]. Group 2: Financial Performance - In the first quarter of 2025, *ST Tianyu reported a revenue of only 45 million yuan, a year-on-year decline of 86.5%, and a net loss of 40 million yuan, a staggering decrease of 947.9% [5]. - The company's 2024 annual report indicated that it could not obtain sufficient audit evidence due to communication issues with Yan Chunyu, raising concerns about potential non-operating fund occupation by related parties [5]. Group 3: Market Reaction - As of May 30, *ST Tianyu's stock price closed at 4.18 yuan per share, reflecting a daily decline of 1.88%, with a market capitalization reduced to 1.8 billion yuan [6].