HIFICHEM(SZ:300758) Chang Jiang Shang Bao·2025-06-30 23:55Core Viewpoint - Qicai Chemical (300758.SZ) is facing a lawsuit for infringement of trade secrets, with a claim for 200 million yuan in damages, while the company has shown a strong recovery in its financial performance in 2024 [2][4]. Group 1: Legal Issues - Qicai Chemical has received a notice regarding a lawsuit for infringing trade secrets, with the case currently in the first instance stage and not yet heard [2][6]. - The plaintiff, Xianico, claims that two former employees disclosed trade secrets to Qicai Chemical, which were then used in the production of DPP pigments [4][5]. - The lawsuit seeks to hold four defendants jointly liable for damages amounting to 200 million yuan, including reasonable legal fees of 470,000 yuan [5][6]. Group 2: Financial Performance - In 2024, Qicai Chemical reported a significant recovery, achieving a net profit attributable to shareholders of 125 million yuan, a year-on-year increase of over 10 times [2][10]. - The company's revenue for 2024 reached 1.568 billion yuan, reflecting a year-on-year growth of 28.75% [10]. - In the first quarter of 2024, Qicai Chemical's revenue and net profit attributable to shareholders grew by 13.14% and 42.56%, respectively [11]. Group 3: Shareholder Activity - Despite the strong financial recovery, major shareholders have been reducing their holdings. From March to May 2024, significant shareholder Huang Weishan sold approximately 4 million shares, realizing about 57 million yuan [12][13]. - The controlling shareholder, Anshan Huifeng Investment Group, transferred about 6% of its shares, cashing out over 200 million yuan [3][15]. - The share pledge rate for Huifeng Investment and its concerted parties stands at approximately 47.68% [16].