Core Points - The actual controller of *ST Mubang, Liao Zhiyuan, has been placed under investigation by the China Securities Regulatory Commission (CSRC) for failing to disclose non-operating fund transactions as required [1][2] - *ST Mubang's stock has experienced a strong performance in the secondary market, achieving a cumulative increase of 51.45% since early September, with a recent closing price of 9.42 yuan and a total market capitalization of 4.1 billion yuan [2] - The company has been under scrutiny due to significant financial issues, including a negative net profit for the 2024 fiscal year and an internal control audit report that raised major deficiencies [2][3] Company Performance - For the first half of 2024, *ST Mubang reported operating revenue of 141 million yuan and a net loss of 213 million yuan [2] - The company is primarily engaged in the silicon wafer and rod business, as well as toy manufacturing [2] - If the company's 2025 fiscal year revenue falls below 300 million yuan and meets certain negative profit criteria, it risks delisting after the annual report disclosure [3] Stock Market Activity - The stock has been on a trading suspension due to a four-day limit-up period from September 24 to September 29, with a total increase of 21.71% during this time [2] - As of the latest report, *ST Mubang's stock price has dropped to 8.95 yuan, with a market capitalization of approximately 3.88 billion yuan [4]