涉非法吸存罪，登云股份实控人杨涛被捕，坐拥千亿金矿的“益科系”走向何方？

Core Viewpoint - The arrest of Yang Tao, the actual controller of Dengyun Co., Ltd., for illegal public deposit absorption has raised concerns about the potential risks associated with the "Yike System" and its impact on the company's operations and governance [1][9]. Group 1: Company Overview - Dengyun Co., Ltd. was established in May 1971, primarily engaged in the research, production, and sales of automotive engine intake and exhaust valves, as well as gold mining and selection-related businesses [2]. - As of January 6, 2025, Dengyun Co., Ltd. experienced a significant drop in stock price, reaching a limit down at 15.57 yuan per share, with a total market value of 2.149 billion yuan [3]. Group 2: Financial Performance - In the first three quarters of 2025, Dengyun Co., Ltd. achieved a revenue of 406 million yuan, representing a year-on-year increase of 7.94%. However, the net profit attributable to shareholders was -2.6817 million yuan, a decline of 123.83% year-on-year [8]. - The third quarter revenue was 145 million yuan, up 15.54% year-on-year, but the net profit further decreased to -6.2376 million yuan, with a year-on-year decline of 340.59% [8]. Group 3: Leadership and Corporate Structure - Yang Tao, the son of the late entrepreneur Yang Genshui, has been a key figure in the "Yike System," which includes various investment and mining operations [4]. - In 2019, Dengyun Co., Ltd. changed its controlling shareholder to Yike Zhengrun Investment Group, with Yang Tao as the actual controller [6]. Group 4: Industry Context and Challenges - The "Yike System" has faced challenges, including a slowdown in expansion and asset divestitures, with significant events such as the termination of a planned acquisition of a data solutions provider [9]. - The financial sector, particularly the core asset Lianchu Securities, has encountered operational pressures and dilution of ownership due to regulatory issues and performance declines [11][12][13].