Core Viewpoint - Meihe Co., Ltd. is facing a situation of profit growth without revenue increase, as its chairman Wang Jinping has been placed under investigation and detention [2][5]. Group 1: Company Leadership Changes - Wang Jinping, the chairman and actual controller of Meihe Co., Ltd., has been placed under investigation and detention, leading to Zhang Kaixu, the general manager, temporarily assuming the chairman's responsibilities [3][5]. - Zhang Kaixu, born in 1983, has been with the company in various roles since 2015 and is currently the highest-paid employee with a salary of 517,700 yuan for 2024 [3][7]. Group 2: Financial Performance - For the first three quarters of 2025, Meihe Co., Ltd. reported revenue of 857 million yuan, a year-on-year decrease of 4.78%, while net profit attributable to shareholders increased by 46.87% to 98.42 million yuan [4][9][10]. - The decline in revenue is attributed to the nature of the company's products, which are essential production equipment rather than everyday materials, leading to fluctuations in customer purchasing patterns [9]. Group 3: Shareholder Activity - In a short span from July 8 to September 16, 2025, four shareholders, including both institutional and individual investors, reduced their holdings in Meihe Co., Ltd., collectively cashing out over 140 million yuan [4][11][13]. - Notable reductions included a significant stake sold by Weifang Heli Investment Center and other shareholders, indicating a trend of shareholder exits during this period [11][12].
迈赫股份增利不增收三股东急套现1.4亿 王金平被调查80后总经理紧急代职