Core Viewpoint - The actual controller and chairman of Shanshui Technology, Huang Guorong, has been subjected to criminal coercive measures, leading to a significant drop in the company's stock price by 17.04% to 22.88 yuan per share on October 20 [2] Company Management - Following Huang Guorong's absence, the board of directors held an emergency meeting and appointed director Wu Xinyan to act as chairman and legal representative, ensuring the stability of company operations [2][3] - The company claims to have a stable management system and mature governance structure, with ongoing normal production and operations [3] Company Background - Shanshui Technology specializes in the dye, pharmaceutical, and pesticide intermediate sectors, with a history of fluctuating performance over the past three and a half years [3] - Huang Guorong has nearly 30 years of experience in the chemical industry, having held various positions in different companies before leading Shanshui Technology since May 2012 [3] Financial Performance - In 2022, the company faced a downturn with revenues of 400 million yuan, a decrease of 27.50% from 552 million yuan in 2021, and a net profit drop of 29.47% to 100 million yuan [3] - In 2023, revenues increased to 495 million yuan, a growth of 23.64%, but net profit fell sharply by 79.03% to 21 million yuan [4] - For 2024, the company is projected to achieve revenues of 505 million yuan and a net profit recovery to 53 million yuan [4] - In the first half of 2025, Shanshui Technology reported revenues of 305 million yuan, a year-on-year increase of 23.08%, while net profit decreased by 11.77% to 48 million yuan [5]

Core Viewpoint - The announcement of criminal coercive measures against Huang Guorong, the actual controller and chairman of Shanshui Technology, led to a significant drop in the company's stock price by 17.04% to 22.88 yuan per share [2] Company Management - In response to Huang Guorong's absence, the board of directors held an emergency meeting and appointed Wu Xinyan to act as chairman and legal representative, ensuring the stability of company operations [2][3] - Wu Xinyan is the spouse of Huang Guorong and currently serves as a director and head of the comprehensive center at Shanshui Technology [3] Company Performance - Shanshui Technology has shown a trend of "revenue recovery and profit volatility" over the past three and a half years [3] - In 2022, the company faced a downturn with total revenue of 400 million yuan, a decrease of 27.50% from 552 million yuan in 2021, and a net profit drop of 29.47% to 100 million yuan [3] - In 2023, the company experienced a revenue increase to 495 million yuan, a growth of 23.64% compared to 2022, but net profit fell by 79.03% to 21 million yuan [4] - For 2024, Shanshui Technology's revenue is projected to reach 505 million yuan, with net profit recovering to 53 million yuan [4] - In the first half of 2025, the company reported revenue of 305 million yuan, a year-on-year increase of 23.08% from 248 million yuan in the same period of 2024, while net profit decreased by 11.77% to 48 million yuan [4]