Mei Ri Jing Ji Xin Wen·2026-01-14 07:09Core Viewpoint - Jialong Co., Ltd. (SZ002495) is facing scrutiny due to undisclosed matters involving its controlling shareholders, particularly Lin Changchun and Lin Changhao, with implications for corporate governance and transparency [1][2]. Group 1: Shareholder Issues - The Guangdong Securities Regulatory Commission has mandated corrective measures for the company's controlling shareholder, Lin Changchun, who has been found to control multiple accounts to trade Jialong shares without proper disclosure [1][2]. - Lin Changhao's approximately 1.42 million shares, representing 0.15% of the company's total equity, were frozen by the Guangzhou Tianhe District People's Court due to a renovation contract dispute, with the company unaware of this situation until recently [2][3]. - The company has issued a written notice to its controlling shareholders urging them to verify and submit relevant materials regarding the undisclosed matters [2]. Group 2: Corporate Governance - Jialong's current chairman is Lin Pingtao, with Lin Changchun serving as the director and general manager, while Lin Changhao previously held the position of president [3]. - A board meeting held on July 2, 2024, led to the proposal to remove Lin Changhao from the board, which was subsequently approved at a shareholders' meeting on July 19, 2024, resulting in the election of a new non-independent director [3]. Group 3: Financial Performance - Jialong Co., Ltd. has maintained relatively stable revenue over the past decade, with total revenue fluctuating between 200 million to 300 million yuan, peaking at approximately 320 million yuan in 2018 and dipping to around 208 million yuan in 2022 [4]. - The main revenue sources are chicken powder and chicken essence, which accounted for 57.13% and 21.19% of the company's revenue in 2024, respectively [4]. - The company has expanded its operations by establishing Jialong (Kaiping) Food Co., Ltd. to enhance its market presence, with soy sauce being a key product in its new business strategy [4].