Huitian New Materials(SZ:300041) Cai Jing Wang·2025-08-16 11:48Core Viewpoint - The announcement from Huitian New Materials (回天新材) regarding the criminal conviction of its significant shareholder, Zhang Feng, for manipulating the securities market, is a personal matter that does not affect the company's operations or financial performance [1][5]. 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 [6]. - The company offers a comprehensive product range with over 2,000 products across six major disciplines, serving various sectors including new energy, transportation, 5G communication, consumer electronics, and aerospace [6]. - The company has established itself as a key player in high-end manufacturing by providing one-stop solutions for new materials through sustainable R&D investment and efficient production capabilities [6]. Shareholder Background - Zhang Feng, the founder of Huitian New Materials, has held various leadership roles within the company, including Chairman and General Manager, and has been instrumental in its transformation and success [5][6]. - He was sentenced to seven years and nine months in prison along with a fine of 150 million RMB for his actions, which are classified as personal and do not impact the company's management or operations [1][5]. Leadership Transition - In January 2022, Zhang Feng stepped down as Chairman, and his son, Zhang Li, took over the role, indicating a planned succession within the company [7]. - Zhang Feng was appointed as the honorary chairman for life, acknowledging his contributions to the company's growth and development [7]. Recent Developments - In March 2023, Huitian New Materials announced that Zhang Feng was detained by law enforcement for suspected market manipulation, which is still under investigation [9].