Core Viewpoint - The newly appointed president of Huida Technology, Liu Yuping, is under investigation by the China Securities Regulatory Commission (CSRC) for insider trading, which raises concerns about corporate governance and potential impacts on the company's operations [2][3]. Company Overview - Huida Technology (603160.SH) has recently faced leadership changes, with Liu Yuping appointed as president on March 11, 2025, and only serving for five months before the investigation [2][4][5]. - Liu Yuping has a long history with the company, having held various positions since 2005, indicating a deep understanding of the company's operations [5][6]. Financial Performance - For the first half of 2025, Huida Technology reported a revenue of 2.251 billion yuan, a slight decrease of 0.2% year-on-year, while net profit increased by 35.74% to 431 million yuan [2][13]. - The company has experienced a decline in revenue for one and a half consecutive years, with 2022 and 2023 revenues reported at 3.384 billion yuan and 4.408 billion yuan, respectively, showing significant fluctuations [12][13]. - Despite the revenue decline, the company has set ambitious growth targets, aiming for a revenue increase of at least 20% by 2025, with a target of 4.061 billion yuan [2][15]. Stock and Investment Activity - Liu Yuping plans to increase his stake in the company, with a proposed investment of between 10 million to 20 million yuan, reflecting confidence in the company's future [9][10]. - The company has also initiated a stock option incentive plan, with performance targets set for 2023 to 2025, indicating a focus on aligning management interests with shareholder value [14][15]. Strategic Adjustments - Huida Technology has made strategic adjustments, including the sale of its subsidiaries to optimize resource allocation and enhance core competitiveness, which generated an investment income of 78 million yuan [14]. - The company attributes its recent revenue decline to the inventory stocking pace of downstream customers, suggesting external market influences on performance [14].

Core Viewpoint - The investigation against Liu Yuping is personal and unrelated to the daily operations of the company, ensuring no impact on the production and business activities of the company and its subsidiaries [1]. Group 1: Company Management Changes - Liu Yuping has been appointed as the president of the company for less than six months, following the resignation of Hu Yuhua due to personal reasons [1]. - Liu Yuping has a long history with the company, having joined in March 2005 and held various positions including vice president and supply chain head before becoming president [3]. Group 2: Company Performance and Stock Activity - As of July 18, 2025, the number of shareholders in the company is 78,689 [5]. - Liu Yuping increased his stake in the company by purchasing 30,000 shares at an average price of 72.0 yuan per share, totaling 2.16 million yuan [5]. - The company's stock price has risen by 32.9% from a low of 62.21 yuan per share on April 9 to 82.7 yuan per share as of August 25, 2025 [5]. - In the first half of the year, the company reported revenue of 2.251 billion yuan, a slight decrease of 0.20% year-on-year, while net profit attributable to shareholders increased by 35.74% to 431 million yuan [5].