SHANSHUI TECH.(SZ:301190) Zhong Guo Jing Ying Bao·2025-11-11 02:27Core Viewpoint - The control of Shanshui Technology has shifted from Huang Guorong to his wife Wu Xinyan following their divorce and subsequent share division, marking a significant change in the company's governance structure [1][3][4]. Group 1: Control Change - On November 7, Shanshui Technology announced the change of actual controller from Huang Guorong to Wu Xinyan after their divorce and share division [1][3]. - Huang Guorong's direct shareholding of 10 million shares was transferred to Wu Xinyan, along with significant stakes in two investment partnerships [3][4]. - Following the share division, Wu Xinyan's shareholding increased to 31.9461%, while Huang Guorong's dropped to 14.0806% [4]. Group 2: Market Reaction - On October 20, the company's stock price fell by 17.04% to 22.88 yuan per share after the announcement of Huang Guorong's criminal measures [2][4]. - The total value of the assets involved in the divorce settlement is estimated at 2.4 billion yuan, making it one of the most expensive divorce cases in the A-share market [4]. Group 3: Company Performance - Shanshui Technology's revenue showed a recovery trend, with 2023 revenue reaching 4.95 billion yuan, a 23.64% increase year-on-year, although net profit decreased by 79.03% to 21 million yuan [6][7]. - The company reported a revenue of 5.05 billion yuan and a net profit of 53 million yuan in 2024, indicating a recovery in performance [6]. - In the first three quarters of 2025, Shanshui Technology achieved a revenue of 4.99 billion yuan, a 33.78% increase, and a net profit of approximately 84 million yuan, a 25.13% increase [6][7].