中国一重董事长被逮捕！

Core Viewpoint - The chairman of China First Heavy Industries Group Co., Ltd. has been arrested for bribery, but the company's operations remain normal and management is being handled by the board and executive team [1][3][4]. Group 1: Company Operations - China First Heavy Industries reports that its production and operations are normal despite the chairman's arrest [3]. - The board of directors is functioning normally, with responsibilities temporarily assumed by director Zhang Wenping [3]. - The company will continue to monitor the situation and fulfill its information disclosure obligations [3]. Group 2: Background of the Chairman - Lu Wenzhun, the arrested chairman, has a background in heavy machinery and has held various leadership positions in related companies since 2019 [3][4]. - He was previously involved in significant violations, including failure to disclose large asset impairment provisions and irregularities in related party transactions, leading to regulatory warnings [3][4]. Group 3: Financial Performance - For the first three quarters of 2025, China First Heavy Industries reported a revenue of 6.53 billion yuan, a year-on-year decrease of 51.99%, ranking 10th among 59 listed companies in the energy and heavy equipment sector [5]. - The company recorded a net loss attributable to shareholders of 78.6 million yuan, placing it at the bottom of the industry, compared to a loss of 183 million yuan in the same period last year [5]. - The company's debt-to-asset ratio stands at 82.54%, significantly higher than the industry average of 46.71% [5]. Group 4: Stock Performance - As of November 19, the stock price of China First Heavy Industries has fallen for two consecutive days, closing at 3.16 yuan per share, with a total market capitalization of 21.7 billion yuan [6].