PSR Tech(SH:688565) Jing Ji Guan Cha Wang·2025-07-30 08:33Core Viewpoint - The actual controller of Liyuan Technology, Shen Wanzhong, was sentenced to one year in prison (with a one and a half year probation) for the crime of illegally disclosing important information, which does not significantly impact the company's operations or governance [1][4]. Group 1: Legal Issues and Penalties - Shen Wanzhong was found guilty of illegally disclosing important information and was fined 3.3 million yuan [1]. - In September 2022, the Zhejiang Securities Regulatory Bureau issued a warning to Liyuan Technology for financial misconduct, including premature revenue recognition and irregularities in corporate governance [2]. - In June 2023, Liyuan Technology was fined 3 million yuan for falsely inflating revenue and profits in 2021, with Shen Wanzhong being directly responsible for these actions [3]. Group 2: Company Performance - In 2024, Liyuan Technology achieved operating revenue of 374 million yuan, a year-on-year increase of 46.58%, and a net profit attributable to shareholders of 2.54 million yuan, marking a turnaround from losses [4]. - In the first quarter of 2024, the company reported operating revenue of 49.95 million yuan, a 0.65% increase year-on-year, and a net profit of 2.89 million yuan, reflecting a significant growth of 454.20% [4]. Group 3: Shareholding and Management Changes - As of the announcement date, Shen Wanzhong directly held 48.06 million shares, accounting for 32.10% of the total share capital, and has resigned from all positions within the company [1]. - The board of directors has nominated Shen Wanzhong's daughter, Shen Jiawen, as a candidate for a non-independent director position, holding 1.4 million shares, or 0.94% of the total share capital [1]. Group 4: Market Reaction - As of July 30, Liyuan Technology's stock price decreased by 0.97%, closing at 10.23 yuan per share, with a total market capitalization of 1.532 billion yuan [5].