Mei Ri Jing Ji Xin Wen·2026-02-13 16:52Core Viewpoint - The company Chuangshi Technology (SZ300941) is facing significant challenges following the conviction of its controlling shareholder Zhang Gengsheng for bribery, which has led to a sharp decline in net profit and the sale of shares by key executives [1][2][4]. Group 1: Legal Issues - Zhang Gengsheng, the controlling shareholder and actual controller of Chuangshi Technology, was sentenced to two years in prison (suspended for two years) and fined 300,000 RMB for bribery [2][3]. - The court ruling indicates that the illegal gains will be confiscated, and Zhang Gengsheng has been under investigation since November 2024 [4][3]. - Despite the legal issues, the company asserts that Zhang Gengsheng's sentencing will not impact his rights as a shareholder, and he has already paid the fine [4][5]. Group 2: Executive Actions - Following the announcement of Zhang Gengsheng's legal troubles, three key executives, including the CFO and two vice presidents, sold portions of their shares during a critical period [6][7]. - The CFO, Jiang Xiuyan, sold 320,000 shares at an average price of 23.5553 RMB per share, reducing her holdings from 322,969 shares to just 2,969 shares [7]. - The two vice presidents also executed significant share sales, with one selling 380,000 shares and the other 630,000 shares at average prices of 24.1389 RMB and 24.5270 RMB, respectively [7]. Group 3: Financial Performance - Chuangshi Technology reported a 15.45% increase in revenue for the first three quarters of 2025, reaching 156 million RMB, but net profit fell by 45.84% to 15.326 million RMB [8]. - The decline in profitability is attributed to a decrease in high-margin software and service sales compared to the previous year [8].