CONSYS(SH:688788) Bei Jing Shang Bao·2025-08-20 13:23Core Viewpoint - The stock price of Kesi Technology (688788) dropped significantly by 12.87% to 77.59 CNY per share on August 20, following the news of its controlling shareholder and director Liu Jiande being detained, raising concerns about the company's operational pressures and future prospects [1][3]. Group 1: Stock Performance - On August 20, Kesi Technology opened at a limit-down price of 71.24 CNY per share, briefly recovering before hitting the limit-down again, ultimately closing at 77.59 CNY per share with a total market value of 12.19 billion CNY and a trading volume of 1.039 billion CNY [3]. - The company has faced significant stock price volatility due to the detention of its controlling shareholder, which has led to investor concerns about its future [1][3]. Group 2: Company Governance and Management - Kesi Technology announced that it received a notice regarding Liu Jiande's detention and investigation, which prevents him from fulfilling his duties as a director. However, the company stated that its governance structure and internal controls remain intact, with other board members and management continuing their roles normally [3][6]. - Liu Jiande has been serving as the chairman, general manager, and core technical personnel since July 20, 2022, with his term set to end on July 19, 2025 [6][8]. Group 3: Financial Performance - Kesi Technology has experienced declining financial performance, with a significant drop in revenue and consecutive net losses in recent years. In 2022, the company reported a 62.2% decrease in revenue and transitioned to a net loss [6][8]. - The company's revenue figures for 2022 to 2024 are approximately 233 million CNY, 236 million CNY, and 235 million CNY, with corresponding net losses of approximately 197 million CNY, 203 million CNY, and 268 million CNY, respectively [8]. - In the first quarter of 2025, Kesi Technology reported revenue of approximately 20.76 million CNY, a year-on-year increase of 45.24%, but still posted a net loss of approximately 58.35 million CNY [8].