SHANSHUI TECH.(SZ:301190) Shen Zhen Shang Bao·2025-10-20 14:52Core Viewpoint - On October 20, 2023, the stock price of Shan Shui Technology (301190) fell significantly, closing down 17.04% at 22.88 CNY per share, with a total market capitalization of 4.911 billion CNY, following the announcement of the chairman's criminal detention due to personal reasons [1]. Company Management Changes - The company announced that on October 20, it held an emergency board meeting where it was decided that Wu Xinyan would act as the chairman and legal representative of the company, as the current chairman Huang Guorong was unable to attend due to his detention [3]. - Wu Xinyan, who is married to Huang Guorong, has been involved in various roles within the company since 2012 and currently serves as a director and head of the comprehensive center [4]. Financial Performance - In the first half of 2025, Shan Shui Technology reported a revenue of 305 million CNY, representing a year-on-year increase of 23.08%, while the net profit attributable to shareholders decreased by 11.77% to 47.7767 million CNY [4]. Company Background - Shan Shui Technology, listed on the Shenzhen Stock Exchange in 2021, specializes in the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates [4]. - Huang Guorong, the chairman, received a pre-tax annual salary of 1.1238 million CNY in 2024 [3]. Governance and Operations - The company emphasized that it has a stable management system and mature governance structure, and it has made appropriate arrangements in response to the recent developments, ensuring that operations continue normally [4].