Zhong Guo Ji Jin Bao·2025-12-22 23:07Core Viewpoint - The actual controller of Chuangshi Technology, Zhang Gengsheng, has been placed under investigation and detention, which raises concerns about the company's governance and operational stability [1][3]. Company Governance - On December 22, Chuangshi Technology announced that it received a notice from the Zouping Municipal Supervisory Committee regarding the investigation and detention of its controlling shareholder and actual controller, Zhang Gengsheng [3]. - Zhang Gengsheng resigned from his positions as director and chairman of the company on May 17, 2025, and currently does not hold any executive roles [6]. - The company stated that its board of directors and senior management are functioning normally, and it has a robust governance structure and internal control mechanisms in place [6]. Shareholding Structure - As of the end of the third quarter, Zhang Gengsheng held 69.962 million shares, accounting for 34.17% of the total shares, making him the largest shareholder of Chuangshi Technology [8][9]. - The total shareholding of the top ten shareholders accounts for 57.52% of the total share capital, with a market value of approximately 28.59 billion CNY [9]. Financial Performance - For the first three quarters, Chuangshi Technology reported a revenue of 156 million CNY, a year-on-year increase of 15.45%, while the net profit attributable to shareholders decreased by 45.84% to 15.326 million CNY [10]. - The basic earnings per share were 0.08 CNY, down 42.86% year-on-year [10]. - The company has experienced unstable performance, with total revenue and net profit showing significant fluctuations over the past years [10][11]. Market Position - Chuangshi Technology is an electronic payment IT solution provider, primarily offering software and hardware products and services related to electronic payments for merchants and banks [9]. - The company serves nearly 30 industries and over 3,000 large quality merchants, as well as a significant number of small and medium-sized merchants across the country [10].