Zhejiang Power New Energy (SH:688184) Jing Ji Guan Cha Wang·2025-08-04 06:36Core Viewpoint - ST Pava's actual controller Zhang Bao is under investigation for embezzlement, but the company's operations remain normal and unaffected by this incident [1] Group 1: Company Management and Control - Zhang Bao, one of the actual controllers and a board member, is being investigated for embezzlement by the police [1] - Other board members and senior management are performing their duties normally, and there has been no change in company control [1] - Zhang Bao resigned from his positions as chairman and general manager due to health reasons prior to the investigation [1] Group 2: Financial Issues - Zhang Bao has allegedly misappropriated a total of 191 million yuan, with 141 million yuan through suppliers and 49.91 million yuan from sales funds [2] - The total amount of misappropriated funds, including interest calculated at the LPR rate, amounts to 204 million yuan [2] - As of July 1, 2025, ST Pava has received 30 million yuan of the misappropriated funds back from Zhang Bao [2] Group 3: Company Performance - In 2024, ST Pava reported a revenue of 949 million yuan, a decrease of 0.6% year-on-year, and a net profit attributable to shareholders of -727 million yuan, a decrease of 193.37% year-on-year [3] - The company specializes in the research, production, and sales of new energy battery materials, focusing on lithium-ion and sodium-ion battery cathode materials [3] Group 4: Stock Performance - As of August 4, ST Pava's stock price decreased by 1.2%, closing at 9.89 yuan per share, with a total market value of 1.573 billion yuan [4]