Core Viewpoint - The chairman of Borante Robotics, Yin Rongzao, proposed a controversial plan to allocate all net profits to himself as a bonus and to increase his monthly salary to 2 million yuan, despite the company facing continuous losses for three and a half years, totaling over 200 million yuan in losses [2][3][22]. Summary by Sections Company Performance and Governance - Borante Robotics has reported continuous losses, with a cumulative loss exceeding 230 million yuan over the past two years [3][22]. - The company’s financial reports have faced scrutiny, with audit firms issuing "unable to express an opinion" reports due to concerns over revenue recognition and accounts receivable [17][18]. - The company’s governance structure has been criticized, with allegations that Yin Rongzao has effectively privatized control, limiting external shareholders' influence [10][24]. Investor Response - Junlan Investment, a significant shareholder, publicly opposed Yin Rongzao's proposals, accusing him of "emptying the company" and "humiliating shareholders" [3][9]. - The investor group has initiated efforts to remove Yin Rongzao from his position and amend the company's governance structure to restore shareholder rights [24][27]. Financial Data - The financial performance of Borante Robotics has shown a downward trend, with net profits declining from 73.83 million yuan in 2020 to a loss of 125.39 million yuan in 2023 [23]. - The company’s revenue has also decreased significantly, with total revenue dropping from approximately 447 million yuan in 2020 to around 201 million yuan in 2023 [23]. Future Outlook - Despite the current turmoil, Junlan Investment believes that Borante still holds industrial value and potential for future growth, indicating a willingness to push for changes that could enhance the company's prospects [29].

Core Viewpoint - The board of directors of Borunte Robotics voted against a proposal to increase the general manager's fixed monthly salary to 2 million yuan starting from August 2025, citing the company's current financial losses and the need to focus on profitability [2][5]. Group 1: Company Background - Borunte Robotics is primarily engaged in the manufacturing of robots and mechanical arms, with its main customers coming from the manufacturing sector [4]. - The company was delisted from the National Equities Exchange and Quotations (NEEQ) in April 2023 due to receiving audit reports that could not express an opinion for the fiscal years 2020 and 2021 [4]. Group 2: Financial Performance - In the first half of 2025, the company reported revenue of 108.52 million yuan, a significant decline compared to previous years, with a net loss of 7.40 million yuan [6]. - The company's revenue and profit figures have shown a downward trend over the years, with a notable loss of 137.81 million yuan in 2023 [6]. Group 3: Governance Issues - A shareholder, representing a 1.54% stake in the company, expressed concerns about the governance structure, accusing the general manager of exploiting the company for personal gain [7][10]. - The shareholder has proposed amendments to the company's articles of association to restore governance fairness, highlighting issues with the current control held by the general manager [12].

Core Viewpoint - The controversy surrounding the proposed monthly salary of 2 million yuan for the CEO of Botron Robotics has sparked significant public interest and debate, particularly regarding corporate governance and shareholder rights [1][2]. Group 1: Company Background - Botron Robotics Co., Ltd. was established in May 2008 and specializes in the manufacturing of robots and mechanical arms, primarily serving the manufacturing sector [6]. - The company was listed on the New Third Board in January 2014 but was delisted in April 2023 due to adverse audit opinions for the fiscal years 2020 and 2021 [6]. Group 2: Financial Performance - In the first half of 2025, Botron reported revenue of 177 million yuan, a year-on-year decline of 17.84%, and a net loss attributable to shareholders of 39.42 million yuan, which represents a 5.79% increase in losses compared to the previous year [6]. Group 3: Governance Issues - A proposal to set the CEO's fixed monthly salary at 2 million yuan was presented but ultimately rejected by the board with a vote of 1 in favor and 4 against, as many directors argued that the company should focus on profitability before increasing salaries [2][3]. - A public letter from a major investor criticized the current CEO, Yin Rongzao, for allegedly exploiting the company and disrespecting shareholders, calling for a restructuring of the company's governance [3][6]. - The investor's letter revealed a shocking proposal from Yin, suggesting that all net profits minus one yuan over the next decade be allocated as his personal bonus, raising serious concerns about corporate governance and accountability [3][6].

Group 1 - The board of DC Borunte did not approve the proposal to increase the general manager's fixed monthly salary to 2 million yuan starting from August 2025, with a vote of 4 against and 1 in favor [1][5] - The company has faced significant impacts on its reputation and market sales due to being delisted from the National Equities Exchange and Quotations (NEEQ) after receiving audit reports with no opinion for the fiscal years 2020 and 2021 [3][5] - In the first half of 2023, DC Borunte reported revenue of 177 million yuan, a year-on-year decrease of 17.84%, and a net loss of approximately 39.42 million yuan, which is a 5.79% increase in losses compared to the previous year [5] Group 2 - DC Borunte's main products include robots and mechanical arms, primarily serving the manufacturing industry [3] - The company has been listed in the non-public electronic transfer service area for delisted securities due to its delisting status [4] - A shareholder, representing a 1.54% stake in the company, has called for amendments to the company's articles of association to restore governance fairness [8][11]