Core Viewpoint - The major shareholder and actual controller of Yashi Chuangneng has had all their shares frozen due to financial difficulties stemming from significant losses in employee stock ownership plans, which have led to a series of legal issues for the company [1][2][5]. Group 1: Shareholder and Stock Information - Yashi Chuangneng's major shareholder, Shanghai Chuangnengming Investment Co., holds 78.66 million shares, accounting for 18.35% of the total shares, while the actual controller, Li Jinzong, holds 20.30 million shares, accounting for 4.74% of the total shares [1]. - Both shareholders' shares have been fully frozen, marking a recurrence of share freezes since October 2025, when a total of 98.95 million shares were previously frozen [1]. Group 2: Employee Stock Ownership Plans - The freezing of shares is primarily due to the severe losses from two employee stock ownership plans initiated in 2020 and 2021, which have resulted in financial strain for the major shareholder and actual controller [2]. - The first employee stock ownership plan involved 1.1571 million shares at an average price of 47.25 yuan per share, while the second plan involved 1.7525 million shares at an average price of 53.354 yuan per share [2][3]. - Both plans were extended by one year due to declining stock prices, with the first plan now set to expire on October 15, 2024, and the second on June 15, 2025 [3]. Group 3: Company Performance and Legal Issues - Yashi Chuangneng has faced declining performance, with projected revenues of 2.052 billion yuan in 2024, a year-on-year decrease of 34.01%, and a net loss of 329 million yuan [5]. - In the first three quarters of 2025, the company reported revenues of approximately 397 million yuan, down 76.97% year-on-year, with a net loss of 311 million yuan [5]. - The company has been involved in over 20 legal disputes since mid-2023, primarily related to financial and contractual issues, further complicating its operational challenges [6].

Core Viewpoint - The announcement reveals that the controlling shareholder and actual controller of Yashi Chuangneng have had all their shares frozen due to financial difficulties stemming from employee stock ownership plans that have incurred significant losses [2][3]. Group 1: Shareholder and Stock Information - The controlling shareholder, Shanghai Chuangnengming Investment Co., Ltd., holds 78.66 million shares, accounting for 18.35% of the total share capital, while the actual controller, Li Jinzong, holds 20.30 million shares, accounting for 4.74% [2]. - Both shareholders' shares have been fully frozen, marking a recurrence of share freezes since October 2025, when a total of 98.95 million shares were previously frozen [2]. Group 2: Employee Stock Ownership Plans - The freezing of shares is primarily due to the expiration of two employee stock ownership plans, which have resulted in severe losses, leading to financial difficulties for the shareholders [3]. - The first employee stock ownership plan was launched in August 2020, holding 1.1571 million shares at an average price of approximately 47.25 yuan per share, while the second plan was initiated in 2021, holding 1.7525 million shares at an average price of about 53.354 yuan per share [3][4]. - Both plans had their durations extended by one year due to declining stock prices, with the first plan now set to expire on October 15, 2024, and the second on June 15, 2025 [4]. Group 3: Company Performance - Yashi Chuangneng has faced declining performance, with projected revenue for 2024 at 2.052 billion yuan, a year-on-year decrease of 34.01%, and a net profit of -329 million yuan [5][6]. - For the first three quarters of 2025, the company reported revenue of approximately 397 million yuan, down 76.97% year-on-year, with a net profit of -311 million yuan [5][6]. - The company has also faced multiple legal disputes, with over 20 cases related to bills, contracts, and pledges since July, and the actual controller has been restricted from high consumption twice this year [6].

12月2日，"涂料龙头"亚士创能（603378.SH，股价7.32元，市值31.37亿元）发布公告称，公司控股股东 上海创能明投资有限公司（以下简称"创能明"）、实际控制人李金钟所持有的全部公司股份被轮候冻 结。 公告显示，创能明持有公司股份7865.55万股、实际控制人李金钟持有公司股份2029.50万股，分别占公 司总股本的18.35%、4.74%，本次被轮候冻结的股份数量均占其各自持有公司股份的100%。 值得注意的是，这是该公司控股股东和实控人所持公司股份在短期内再次被冻结。2025年10月，公司就 曾披露创能明和李金钟所持合计9895.05万股公司股份被轮候冻结的消息。 两期员工持股计划均亏损 公告提到，本次轮候冻结的原因主要为公司两期员工持股计划存续期届满且目前严重亏损，创能明及李 金钟在承担部分持有人的兜底责任后，出现资金周转困难，暂时无法兑现所有兜底清偿金额。因此，持 有人李某申请财产保全，上海市青浦区人民法院对创能明、李金钟所持有的公司股份予以冻结。 每经记者｜温雅兰 每经编辑｜董兴生 从股价来看，亚士创能一期员工持股计划规模约为5467.30万元，二期规模约为9350.41万元，合计约 1 ...