Zhong Guo Jing Ji Wang·2025-09-29 07:13Core Points - The company XinGuang Optoelectronics (688011.SH) has received a notice from the Songxian Supervisory Committee regarding the detention of its controlling shareholder and chairman, Kang Weimin [1] - The board of directors held an emergency meeting on September 28, 2025, where it was decided that Vice Chairman Wang Yuwei will act as chairman and legal representative during Kang's detention, while Vice General Manager Qu Bo will assume the role of general manager [1] - The company stated that its control has not changed, and its operations are proceeding normally despite the leadership changes [1] Financial Summary - XinGuang Optoelectronics raised a total of 952 million yuan from its IPO, with a net amount of 865 million yuan after expenses [2] - The company reported a revenue of 21.28 million yuan in the first half of 2025, a decrease of 58.77% year-on-year, and a net loss attributable to shareholders of 20.79 million yuan [2] - The company has experienced net losses for three consecutive years, with losses of 24.67 million yuan in 2022, 39.17 million yuan in 2023, and 67.96 million yuan in 2024 [2]