Teeyer Intelligent(SH:603273) Xin Lang Cai Jing·2026-01-20 10:58Core Viewpoint - Tianyuan Intelligent's stock price dropped by 10% following the announcement that its actual controller, chairman, and general manager Wu Yizhong was detained and under investigation [1][11]. Group 1: Company Announcement and Market Reaction - On January 18, Tianyuan Intelligent announced that it received a notice from the Jiangsu Provincial Supervisory Committee regarding the detention and investigation of Wu Yizhong [3][13]. - The company's stock closed at 18.63 yuan per share, resulting in a market value loss of over 400 million yuan, bringing the total market value to approximately 3.992 billion yuan [1][11]. - The sudden nature of the announcement led to significant market attention, with the company stating that its operations and management remain normal and that it has not been asked to assist in the investigation [6][16]. Group 2: Governance and Control - Wu Yizhong has been the chairman and general manager since November 2015, holding a significant role in the company's governance and decision-making processes [8][19]. - He, along with his wife, holds over 61% of the company's shares, indicating a strong control over the company [7][17]. - The governance structure is heavily reliant on Wu Yizhong, making the news of his detention particularly impactful on market perception and company stability [19]. Group 3: Financial Performance - Tianyuan Intelligent has faced declining financial performance, with revenue and net profit decreasing continuously from 2021 to 2024 [20][21]. - For the reporting period, the company reported a revenue of approximately 77.84 million yuan, a decrease of 19.52% year-on-year, and a net profit attributable to shareholders of about 2.11 million yuan, down 26.57% [20]. - The company has not managed to exit its performance downturn since its listing, which occurred less than three years ago [20][21].