业绩下滑股价走低，投资者“喊话”中炬高新管理层自降工资

Core Viewpoint - The company is facing significant investor dissatisfaction regarding its declining stock price and performance, with investors expressing concerns about management's effectiveness and the company's future prospects [1][2]. Group 1: Stock Performance and Investor Sentiment - Investors have raised multiple questions about the company's stock price, with six out of twelve questions specifically addressing this issue, indicating strong dissatisfaction with the stock's downward trend [1]. - The company's market capitalization peaked at over 66 billion yuan in September 2020 but has since fallen to approximately 13.5 billion yuan by December 3, 2025 [1]. - The largest shareholder plans to increase their stake in the company by investing between 200 million and 400 million yuan, starting from September 1, 2025 [2]. Group 2: Financial Performance - Over the past five years (2020-2024), the company's revenue has fluctuated between 5.1 billion and 5.6 billion yuan, with net profit generally positive except for a loss in 2022 [3]. - For the first three quarters of 2025, the company reported revenue of approximately 3.156 billion yuan, a year-on-year decline of 20.01%, and a net profit of about 380 million yuan, down 34.07% year-on-year [6]. - The company is implementing measures to improve performance, including optimizing product structure, enhancing operational efficiency, and expanding sales channels [6]. Group 3: Strategic Plans and Mergers - The company is cautiously balancing its cash position with potential acquisition opportunities, with several projects currently in progress, although no agreements on transaction prices have been reached [7]. - There have been inquiries about potential mergers, but the company emphasizes the importance of sustainable operations post-acquisition and is avoiding reckless expansion that could harm performance [7]. - The company has not engaged in deep discussions with any strategic partners, including rumors regarding cooperation with China Resources [7].