CWPC(SZ:002630) 21世纪经济报道·2025-05-20 15:20Core Viewpoint - ST Huaxi is facing significant challenges, including a continuous decline in stock price and legal issues involving its actual controller, which raises concerns about the company's future performance and governance [1][4][5]. Group 1: Company Governance and Management Changes - ST Huaxi's actual controller, Li Renchao, has been placed under detention and is under investigation, leading to a change in leadership with Huang Youquan being appointed as the new chairman and president [1][4]. - The company asserts that the board's operations remain normal and that there has been no change in control, emphasizing that production and operational activities are unaffected [4][5]. Group 2: Financial Performance and Stock Price Decline - The stock price of ST Huaxi has experienced a drastic decline, with a cumulative drop of over 43% from April 28 to May 20, falling from 4.02 yuan per share to 2.28 yuan per share [5][6]. - The company has reported continuous losses over the past five years, with total losses exceeding 2.4 billion yuan from 2020 to 2024, and a revenue decline of 15.15% year-on-year in Q1 2024 [7].