Core Viewpoint - The general manager of Guoguang Electric, Li Ning, has been placed under detention, but the company asserts that its operations remain normal and that there will be no significant impact on its business activities [1][2]. Company Overview - Guoguang Electric, registered in Chengdu, Sichuan, specializes in the research, production, and sales of microwave devices and has developed into a high-tech enterprise in the field of vacuum and microwave applications [2]. Recent Developments - The company's stock price fell by 8.03% to 93.7 yuan per share following the announcement of Li Ning's detention, although it saw a slight recovery of 0.85% the next day [1]. - Li Ning, born in 1982, has held various positions within Guoguang Electric since 2005, including roles as the head of the vacuum technology research institute and as the company's general manager since January 2024 [2]. Financial Performance - Guoguang Electric's net profit has seen a significant decline, with a 45.59% drop in 2023 and a further decline of 47.93% in 2024, resulting in a net profit of 47.05 million yuan [3][4]. - The company reported a revenue of 537 million yuan in 2024, down 28.01% year-on-year, and a first-quarter revenue of 105 million yuan in 2025, reflecting a 34.07% decrease [3][4]. Market Outlook - Despite the recent financial downturn, there is optimism for recovery, driven by the gradual release of orders related to the ITER project and the ongoing demand for microwave devices in military and satellite applications [4].