非晶合金龙头董事长突遭留置，云路股份股价坐上“过山车”

Core Viewpoint - Yunlu Co., Ltd. faces a leadership crisis as Chairman and General Manager Li Xiaoyu has been detained by the Jilin Municipal Supervisory Committee, raising concerns in the market despite the company's efforts to clarify the situation and appoint interim executives [2][3][9]. Company Overview - Yunlu Co., Ltd. was established in December 2015 and went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in November 2021. The company specializes in the design, research and development, production, and sales of advanced magnetic metal materials, including amorphous alloys and magnetic powders, holding the largest global market share in amorphous alloy strips [4]. Leadership and Shareholding Structure - Li Xiaoyu, the founder and key figure of the company, has been detained. As of May 27, China Aviation Development Asset Management Co., Ltd. is the controlling shareholder with a 28.5% stake, while Li Xiaoyu and Guo Keyun hold 20.82% and 17.42% respectively [7][8]. Response to Detention - Following the detention, Yunlu Co., Ltd. stated that the matter is unrelated to the company, and operations remain normal. The company appointed Vice Chairman Lei Rigan as acting Chairman and Board member and Deputy General Manager Pang Jing as acting General Manager during Li Xiaoyu's absence [9][10]. Market Reaction - Interestingly, on the day of the detention announcement, Yunlu Co., Ltd.'s stock price surged by 9.4%, marking the highest increase in recent months [10]. Governance Issues - There are concerns regarding the governance structure, particularly why Guo Keyun, who is also a Vice Chairman, was not appointed to take over the duties. Guo has been reducing his stake in the company, selling shares worth over 300 million yuan since November 2023 [12][13]. Financial Performance - Yunlu Co., Ltd. has shown steady revenue growth since its IPO, with revenues of 9.36 billion yuan in 2021, 14.47 billion yuan in 2022, 17.72 billion yuan in 2023, and 19 billion yuan in 2024. However, in Q1 2024, the company experienced a decline in revenue by 4.87% to 4.21 billion yuan, while net profit increased by 4.34% to 790 million yuan [15].