SHANSHUI TECH.(SZ:301190) 中国基金报·2025-10-20 11:10Core Viewpoint - The chairman of Shanshui Technology, Huang Guorong, has been subjected to criminal coercive measures, leading to a significant drop in the company's stock price on October 20 [3]. Group 1: Company Management and Structure - Following the incident, the board of directors convened, and director Wu Xinyan will temporarily assume the roles of chairman and legal representative, as well as responsibilities related to the board committees and general manager duties [5]. - The company maintains a stable management system and mature governance structure, ensuring that operations continue normally while management will enhance operational oversight [5]. Group 2: Financial Performance - In the first half of 2025, Shanshui Technology reported revenue of 305 million yuan, a year-on-year increase of 23.08%, while net profit attributable to shareholders decreased by 11.77% to 47.77 million yuan [7]. - The company is experiencing a gradual release of production capacity for chlorinated pyridine series products, which is expected to improve gross margins due to economies of scale and reduced unit costs [7]. Group 3: Stock Market Reaction - On October 20, the stock price of Shanshui Technology fell sharply, reaching a limit down, closing at 22.88 yuan per share, with a total market capitalization of 4.9 billion yuan [7].