Core Viewpoint - Chengdu Fusenmei Home Furnishing Co., Ltd. announced that its controlling shareholder and chairman, Liu Bing, has been released from detention measures, marking a significant turning point after 187 days of investigation since July 25, 2025 [1][3] Group 1: Company Announcement - Liu Bing can now resume his duties as chairman, legal representative, and member of the company's board committees, with normal business operations continuing [3] - The change from detention to a notice of supervision indicates a reduction in personal freedom restrictions, although the investigation is still ongoing [3] Group 2: Stock Market Reaction - Following the announcement, Fusenmei's stock price surged, reaching a peak increase of 6.8%, closing at 12.04 yuan per share, a rise of 4.97%, nearly recovering the price drop during Liu Bing's detention [5] - As of the latest update, the stock price opened lower and was reported at 11.74 yuan per share, reflecting a decline of 2.49% [5] Group 3: Company Background and Performance - Founded in December 2000, Fusenmei became the first publicly listed company in the home furnishing and building materials sector in 2016, focusing on large-scale home commercial market development, operation, management, and marketing [6] - The company has a highly concentrated ownership structure, with the Liu family holding over 80% of shares, providing governance stability during crises [6] - In the first three quarters of 2025, Fusenmei reported revenue of 924 million yuan, a year-on-year decrease of 14.35%, and a net profit attributable to shareholders of 477 million yuan, down 12.6% year-on-year, impacted by industry-wide challenges [6]