Core Viewpoint - The actual controller of Yangfan New Materials, Fan Peiren, has been placed under investigation, but the company's control remains unchanged, and it has recently reported a turnaround in financial performance [1][2][3]. Company Overview - Yangfan New Materials is a Chinese A-share listed company established in December 2002, specializing in the research, production, and sales of UV-curable new materials and sulfur-containing fine chemical new materials. The main product is photoinitiators [3]. Shareholding Structure - The actual controllers of Yangfan New Materials are Fan Peiren, Yang Meiyi, and Fan Bin. Fan Peiren and Yang Meiyi are spouses, while Fan Bin is their son. As of the 2025 semi-annual report, their shareholdings in Zhejiang Yangfan Holding Group Co., Ltd. are 45.97%, 25.10%, and 22.67%, respectively. Zhejiang Yangfan Holding Group holds 22.04% of Yangfan New Materials [3]. Financial Performance - Yangfan New Materials has reported losses for two consecutive years but achieved profitability in the first half of 2025. The company generated revenue of 473 million yuan, a year-on-year increase of 47.93%, and a net profit of 23.14 million yuan, compared to a loss of 21.24 million yuan in the same period last year [3][5]. Market Dynamics - The improvement in financial performance is attributed to the recovery in demand for photoinitiators in downstream industries such as PCB and coatings, leading to a gradual increase in product prices. The price of photoinitiators has risen approximately 15% since August, with a cumulative increase of 26.67% for the year [5]. Stock Performance - Following the news of the price increase in photoinitiators, Yangfan New Materials experienced a 20% limit-up on August 12, with a total increase of over 35% in August. As of August 25, the stock closed at 16.05 yuan per share, with a market capitalization of 3.768 billion yuan [5].
300637,实控人之一被立案调查