GDTC(SH:688186) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-14 11:24Core Viewpoint - The chairman and general manager of GuoDa Special Materials, Xu Weiming, has been placed under detention by the Suzhou Wu Zhong District Supervisory Committee, raising concerns about the company's governance and potential impacts on operations [1][2]. Company Overview - GuoDa Special Materials was established in July 2006, focusing on the research, production, and sales of special steel materials, including alloy products and castings [3]. - The company was the first special steel enterprise listed on the Sci-Tech Innovation Board in 2020 [3]. Recent Developments - Xu Weiming was detained shortly after attending a company performance briefing on October 9, 2025, indicating a rapid development in the situation [1]. - Despite the detention, the company reported strong performance forecasts, expecting approximately 3.7 billion yuan in revenue for the first three quarters of 2025, a year-on-year increase of 25.04%, and a net profit of about 248 million yuan, reflecting a 213.92% increase compared to the previous year [2]. Market Performance - GuoDa Special Materials has seen a significant stock price increase of 86.56% year-to-date, with a closing price of 28.25 yuan per share on October 14, 2025, despite a daily drop of 5.58% [3].