Shanghai Prosolar Resources Development (SH:600193) Jin Rong Shi Bao·2025-10-31 09:11Core Viewpoint - Shanghai Chuangxing Resource Development Co., Ltd. (*ST Chuangxing, 600193) announced that its chairman, Liu Peng, has been arrested on criminal charges unrelated to the company, while the company's operations remain normal [1][3]. Group 1: Company Operations - As of the announcement date, the company's board is functioning normally, with the chairman's responsibilities being temporarily assumed by Yang Zhe, a board member and general manager [3]. - The company continues to monitor the situation and will fulfill its disclosure obligations as required by law [3]. Group 2: Financial Performance - For the first three quarters of the year, *ST Chuangxing reported revenue of 18.73 million yuan, a year-on-year decline of 59.10%, and a net loss attributable to shareholders of 14.49 million yuan [4]. - The company faces significant uncertainty regarding its ability to continue operations, as highlighted by its auditor, Zhongxing Caiguanghua Accounting Firm, which noted consecutive years of losses and negative cash flow from operating activities for five years [4]. Group 3: Ownership and Control Changes - The company's main business includes construction engineering, mobile information services, and computing power services [5]. - The previous controlling shareholder, Zhejiang Huqiao Industrial Co., Ltd., has seen its stake in *ST Chuangxing drop from 23.90% to 8.15% due to judicial auction, resulting in a change of actual controller to Wang Xiangrong [5].