SHANSHUI TECH.(SZ:301190) Mei Ri Jing Ji Xin Wen·2025-10-20 12:20Core Viewpoint - The sudden criminal measures taken against Huang Guorong, the actual controller and chairman of Shanshui Technology, have led to a significant drop in the company's stock price and market value, prompting immediate management changes to ensure continuity in operations [1][2][3]. Group 1: Company Management Changes - Huang Guorong has been placed under criminal coercive measures, leading to a 17.04% drop in Shanshui Technology's stock price on October 20, resulting in a market value loss of nearly 1 billion yuan [1]. - The board of directors convened an emergency meeting to appoint Wu Xinyan as the acting chairman and legal representative during Huang's absence, ensuring that company operations continue smoothly [1][3]. - Wu Xinyan, the second-largest shareholder with 25 million shares (11.65% ownership), is married to Huang Guorong and has been involved in the company since 2012 [3]. Group 2: Company Performance and Governance - Shanshui Technology reported a revenue of 305 million yuan for the first half of 2025, reflecting a year-on-year increase of 23.08%, while the net profit attributable to shareholders decreased by 11.77% to 47.77 million yuan [3]. - The company maintains a stable management system and mature governance structure, with plans to strengthen operational management in light of recent events [2][4].