SHANSHUI TECH.(SZ:301190) 21世纪经济报道·2025-10-20 14:07Core Viewpoint - The announcement of criminal coercive measures against Huang Guorong, the actual controller and chairman of Shanshui Technology, has led to significant market reactions, including a sharp decline in the company's stock price, raising concerns about potential information leakage prior to the announcement [1][2]. Company Overview - Shanshui Technology, established in 2012, specializes in the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates, with its flagship product being a core raw material for the patented insecticide Chlorantraniliprole [2]. - Huang Guorong, the chairman, has been with the company since May 2012 and has held various positions in the chemical industry prior to this role [2]. Management Changes - Following the announcement regarding Huang Guorong, the board of directors convened an emergency meeting, appointing board member Wu Xinyan to assume the responsibilities of chairman and legal representative [1]. Financial Performance - Shanshui Technology is currently facing pressure with "increased revenue but decreased profit." In 2024, the company reported revenue of 505 million yuan, a year-on-year increase of 1.88%, but a net profit of 60 million yuan, down 47.63% year-on-year [2]. - For the first half of 2025, revenue reached 305 million yuan, a year-on-year increase of 23.08%, while the net profit decreased by 11.66% to 48 million yuan [2]. - The decline in net profit is attributed to external market factors, reduced product prices, and insufficient capacity release during the trial production of fundraising projects [2].