Huitian New Materials(SZ:300041) Mei Ri Jing Ji Xin Wen·2025-08-15 16:55Core Viewpoint - The court sentenced Zhang Feng, a significant shareholder of Huitian New Materials, to seven years and nine months in prison for manipulating the securities market, along with a fine of 150 million RMB, which is a final judgment that does not affect the company's operations or profits [1][4]. Company Overview - Huitian New Materials is a leading enterprise in China's adhesive industry with a history of 48 years, focusing on R&D and innovation in adhesive materials, providing over 2,000 products across various sectors including new energy, transportation, 5G communication, consumer electronics, and aerospace [5]. - The company has a comprehensive product range and aims to provide one-stop solutions for high-end manufacturing clients through sustainable R&D investment and efficient production capabilities [5]. Leadership and Governance - Zhang Feng, the founder of Huitian New Materials, served as chairman and general manager for many years, leading the company through significant reforms and establishing it as a key player in the industry [7][8]. - In January 2022, Zhang Feng stepped down from his position, and his son, Zhang Li, took over as chairman and general manager [7][8]. - Following his resignation, Zhang Feng was appointed as the company's lifetime honorary chairman, recognized for his contributions to the company's growth and its successful listing on the Shenzhen Stock Exchange [8]. Legal Issues - The court's ruling against Zhang Feng is based on his personal actions and is stated to have no impact on the company's business operations or financial performance [1][4]. - Prior to the final judgment, Zhang Feng had already been sentenced to eight years in prison and fined 150 million RMB in a first-instance ruling for the same offense [4].