Core Viewpoint - The sudden detention of Xu Weiming, the actual controller and chairman of GuoDa Special Materials, has caused significant turmoil in the capital market, leading to a sharp decline in the company's stock price despite its impressive financial performance this year [1][3][5]. Financial Performance - GuoDa Special Materials is expected to report a non-net profit of 240 million yuan for the first three quarters of the year, representing a year-on-year increase of 458.14% [10]. - The company's revenue for the first three quarters is projected to be 3.7 billion yuan, an increase of 25.04% compared to the previous year [10]. - The stock price surged from 15.34 yuan per share at the beginning of the year to a peak of 32.34 yuan per share by October 10, marking a total increase of 101.9% [5]. Business Operations - The company specializes in high-end steel materials and components for the wind power sector, with its wind power products accounting for 54.86% of total revenue in the 2024 annual report [10]. - GuoDa Special Materials has a well-established corporate governance structure and internal control system, ensuring that daily operations continue normally despite the detention of its actual controller [8]. Management and Governance - Xu Weiming, who has been with the company since its inception in 2006, controls 28.4% of the company's shares, with a direct holding of 5.6% [7]. - The company has emphasized that its management team is capable of maintaining operational stability and strategic focus in the absence of its core leader [13]. Market Impact - Following the announcement of Xu's detention, GuoDa Special Materials' stock opened down 9.38% and experienced a drop of over 17% during trading, closing at 25.44 yuan per share, a decline of 9.95% [3]. - The incident has raised concerns about the company's governance and risk management capabilities, which will be tested in the coming period [13].

Core Viewpoint - The company, Guangda Special Materials, has recently faced a significant event involving the detention of its chairman and general manager, Xu Weiming, which raises concerns about corporate governance and potential impacts on operations [1][3]. Group 1: Company Governance and Management - The company has a well-established corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team, with other directors and senior management continuing their duties normally [3]. - As of the announcement date, the company's control has not changed, and it remains unaware of the developments and conclusions regarding the detention of Xu Weiming [3]. Group 2: Business Operations and Financial Performance - Guangda Special Materials specializes in the R&D, production, and sales of high-end steel materials and components, with key products including gear steel, tool steel, high-temperature alloys, and special stainless steel [5]. - The company has reported a positive trend in its business operations, with a focus on enhancing profitability and optimizing product structure through vertical and horizontal integration of its supply chain [5]. - The company is actively responding to national debt reduction policies by improving receivables collection and establishing a dedicated team to ensure efficient financial processes [5]. Group 3: Project Involvement and Future Prospects - The company is involved in significant projects such as the Yaxia Hydropower Station and controlled nuclear fusion projects, which are expected to positively contribute to its performance growth [6].