Core Viewpoint - Hangzhou Guotai Environmental Protection Technology Co., Ltd. is facing a significant challenge as its controlling shareholder and chairman, Chen Baixiao, has been placed under investigation and detention by the Hangzhou Linping District Supervisory Committee, which may impact the company's operations and investor confidence [1][3]. Group 1: Company Overview - Guotai Environmental was established in 2001 and specializes in sludge treatment and resource utilization, environmental ecological restoration, and resource recycling [3]. - The company went public on the Shenzhen Stock Exchange's Growth Enterprise Market in April 2023 [3]. - Chen Baixiao holds a 36.38% stake in Guotai Environmental, making him the largest shareholder [3]. Group 2: Financial Performance - In 2024, Guotai Environmental reported a revenue of 316 million yuan, representing a year-on-year increase of 1.98%, while the net profit attributable to shareholders decreased by 4.8% to 132 million yuan [4]. - In the first quarter of 2025, the company achieved a revenue growth of 6.11% to 87.21 million yuan, but the net profit fell by 19.66% to 26.59 million yuan compared to the previous year [4]. Group 3: Market Reaction - On August 18, the company's stock opened significantly lower, dropping nearly 10%, and closed down 5.53% by the end of the morning session [5].
国泰环保董事长被采取留置措施，公司称经营暂不受影响