Huitian New Materials(SZ:300041) Mei Ri Jing Ji Xin Wen·2025-08-15 23:46Core Viewpoint - The court has sentenced Zhang Feng, a significant shareholder of Huitian New Materials, to seven years and nine months in prison for manipulating the securities market, which is a final ruling and does not affect the company's operations or profits [1]. 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 to solve critical issues and achieve domestic substitution [5]. - The company offers a comprehensive product range with over 2,000 products across six disciplines, widely used in sectors such as new energy, transportation, 5G communication, consumer electronics, and aerospace [5]. Leadership and Governance - Zhang Feng, the founder of Huitian New Materials, served as the chairman and general manager for many years before stepping down in January 2022, with his son taking over the leadership [7][8]. - Despite his legal issues, Zhang Feng was appointed as the company's lifetime honorary chairman, recognized for his significant 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 current and future profits [1]. - Prior to this final ruling, Zhang Feng had already been sentenced to eight years in prison and fined 150 million yuan for similar charges in November 2022 [4].