Core Viewpoint - Pengxin Resources (SH600490), primarily engaged in non-ferrous metal processing and sales, is facing internal control challenges, including a long-term absence of a company secretary and a rare lawsuit against its actual controllers for compensation exceeding 400 million yuan [1][2]. Group 1: Company Secretary Absence - The company has been without a formal company secretary since January 2022, with the responsibilities being temporarily handled by the chairman, which has led to a regulatory warning from the exchange [3][4]. - The Shanghai Stock Exchange has urged the company to rectify this situation and appoint a new company secretary, requiring a report to be submitted within a month [6]. Group 2: Lawsuit Against Actual Controllers - On January 28, the company announced a lawsuit against its actual controllers, Jiang Zhaobai and Jiang Lei, for failing to fulfill a compensation agreement related to the acquisition of Ningbo Tianhong, which has resulted in a cumulative net loss of 364 million yuan during the performance commitment period [9][10]. - The actual controllers are required to compensate the company with 220 million shares and approximately 414 million yuan in cash by June 10, 2025, but they have yet to comply, prompting the company to take legal action [10][11]. Group 3: Financial Performance - Recently, the company reported a revenue of 4.129 billion yuan for the first three quarters of 2025, a year-on-year increase of 26.8%, and turned a profit of 234 million yuan, recovering from a loss of 117 million yuan in the same period last year [14]. - The company anticipates a full-year net profit of 210 million to 290 million yuan for 2025, which represents an increase of approximately 307 million to 387 million yuan compared to the previous year [15].