BCC(SZ:002455) Sou Hu Cai Jing·2025-07-01 15:47Core Viewpoint - Baichuan Co., Ltd. (002455) is under investigation as its actual controller and chairman, Zheng Tiejiang, has been placed under detention and is being investigated by the Jiangyin Municipal Supervisory Committee [1] Group 1: Company Management and Operations - The company emphasizes that other board members, supervisors, and senior management are performing their duties normally, and there has been no change in control [1] - Daily operations are managed by the management team, and the company's production and operational status remain normal [1] Group 2: Financial Status - As of May 31, 2025, the company's total borrowings reached 76.70 billion CNY, with a significant portion of inter-company guarantees exceeding 53 billion CNY [3] - The total guarantee balance among the parent and subsidiary companies is 53.07 billion CNY, which is 267.86% of the latest audited net assets attributable to shareholders [3] - The company reported a net asset value of 23.07 billion CNY as of December 31, 2024, with borrowings amounting to 72.05 billion CNY [4] Group 3: Market Performance - As of July 1, the stock price of Baichuan Co., Ltd. was 7.49 CNY per share, with a total market capitalization of 4.451 billion CNY, reflecting a nearly 20% decline over the past year [5] - The stock experienced a slight increase of 0.13% on the same day [5]