Core Viewpoint - The article discusses the recent announcement by Zhenlei Technology regarding the leave of absence of its chairman, Yu Faxin, due to an investigation, while assuring that the company's operations will continue normally under the management team [2][4]. Company Overview - Zhenlei Technology was established in September 2015 and went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 27, 2022 [5]. - The company specializes in the research, production, and sales of integrated circuit chips and microsystems, providing technical services related to its products [6]. Recent Developments - Yu Faxin, the chairman and core technical personnel of Zhenlei Technology, is currently under investigation by the Huangshi Municipal Supervisory Committee, which has affected his ability to perform his duties [2][4]. - The company has stated that it has a robust governance structure and internal control mechanisms in place, ensuring that operations remain unaffected during Yu's absence [4]. Financial Insights - As of June 30, 2025, Yu Faxin directly holds 21.04% of the company's shares, valued at approximately 3.13 billion yuan based on the market value as of September 19 [6]. - Prior to the announcement of the investigation, Yu Faxin, through associated entities, reduced his stake by selling 8.31 million shares at a price of 53.52 yuan per share, raising about 444 million yuan [6][7].

Core Viewpoint - The company, Zhenlei Technology, is facing a temporary leadership change due to the chairman being placed under investigation, but it asserts that its control and daily operations remain stable and unaffected [1]. Group 1: Company Operations and Management - Zhenlei Technology's actual controller and chairman, Yu Faxin, is currently unable to perform his duties due to being placed under detention by the Huangshi Municipal Supervisory Committee [1]. - During this period, board member Zhang Bing will act as the chairman, while other board members and senior management continue their normal responsibilities [1]. - The company emphasizes that this situation will not have a significant impact on its normal operations [1]. Group 2: Financial Performance - In the first half of 2025, Zhenlei Technology reported a significant revenue increase of 73.64% year-on-year, reaching 205 million yuan, and a net profit of approximately 62.32 million yuan, marking a 1006.99% increase [2]. - The company attributes its strong performance to a recovery in downstream industries and a continuous demand for its products in specialized fields [2]. Group 3: Product Applications and Market Opportunities - Zhenlei Technology's products, including RF transceiver chips and high-precision ADC/DAC chips, are primarily used in special industries such as phased array radar and satellite communications [2]. - The company is also expanding its applications into commercial aerospace, capitalizing on opportunities in emerging industries like low-altitude economy and deep-sea technology [3]. - Some of its products have transitioned from small-scale experimental phases to continuous bulk delivery, reflecting a positive market response [3]. Group 4: Shareholder Activity - Despite the company's strong performance, Yu Faxin has recently engaged in indirect share reductions, transferring a total of 8.31 million shares, which is about 3.88% of the company's total share capital [4]. - As of the end of the reporting period, Yu Faxin holds approximately 45 million shares, representing a 21.04% stake in the company, valued at around 3.13 billion yuan based on the company's market capitalization [4].