Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Shan Shui Technology, including stock price movement and trading volume [1] - On November 12, Shan Shui Technology's stock fell by 1.86%, with a trading volume of 37.72 million yuan. The margin trading data indicates a net margin buy of -656,000 yuan for the day [1] - As of November 12, the total margin trading balance for Shan Shui Technology is 128 million yuan, which accounts for 2.45% of its market capitalization, indicating a high level of margin trading activity [1] Group 2 - As of September 30, the number of shareholders for Shan Shui Technology is 9,563, a decrease of 26.19% from the previous period, while the average circulating shares per person increased by 35.49% to 16,663 shares [2] - For the period from January to September 2025, Shan Shui Technology reported a revenue of 499 million yuan, representing a year-on-year growth of 33.78%, and a net profit attributable to shareholders of 84.2 million yuan, up 25.13% year-on-year [2] Group 3 - Since its A-share listing, Shan Shui Technology has distributed a total of 126 million yuan in dividends, with 94.3 million yuan distributed over the past three years [3]

Group 1 - The core viewpoint of the news is that Shan Shui Technology's stock performance and financial metrics indicate a mixed outlook, with a slight decline in stock price and notable financing activities [1][2]. - As of November 11, Shan Shui Technology's stock price decreased by 0.96%, with a trading volume of 59.48 million yuan. The net financing amount was -6.44 million yuan, indicating more repayments than new purchases [1]. - The total financing and margin trading balance for Shan Shui Technology reached 128 million yuan, accounting for 2.41% of its market capitalization, which is above the 80th percentile of the past year [1]. Group 2 - As of September 30, the number of shareholders for Shan Shui Technology was 9,563, a decrease of 26.19% from the previous period, while the average circulating shares per person increased by 35.49% to 16,663 shares [2]. - For the period from January to September 2025, Shan Shui Technology reported a revenue of 499 million yuan, representing a year-on-year growth of 33.78%. The net profit attributable to the parent company was 84.2 million yuan, up 25.13% year-on-year [2]. - Since its A-share listing, Shan Shui Technology has distributed a total of 126 million yuan in dividends, with 94.3 million yuan distributed over the past three years [3].

11月7日，善水科技发布公告称，公司实际控制人黄国荣和吴新艳解除婚姻关系，并进行财产分割。 黄国荣将其直接持有善水科技股份中的1000万股分割到吴新艳名下，同时黄国荣间接持有的股份，包括正祥投资和泽祥睿宝投资的财产份额分割到吴新艳 名下。此外，正祥投资和泽祥睿宝投资的执行事务合伙人由黄国荣变更为吴新艳。 本次权益变更前，黄国荣与吴新艳为公司的共同实际控制人，黄国荣为公司控股股东，本次权益变动后，吴新艳为公司的实际控制人、控股股东。 本次权益变更前，吴新艳合计直接及间接持有公司3066.8万股公司股票；本次权益变动后，吴新艳合计直接及间接持有公司6856.8万股公司股票，占总股 本的31.95%。若按照11月7日收盘价格计算，吴新艳新增持有的3790万股公司股票，市值达9.24亿元。 2024年年报显示，黄国荣年薪为112.38万元，吴新艳年薪为44.92万元。 | 姓名 | 职务 | 新郎 | 新型相对上年增减 | 期末持股数 | 期末参考持股市值 | | --- | --- | --- | --- | --- | --- | | | | (万元) | (万元) | (万股) | (万元) | | 黄国荣 | ...

Core Viewpoint - On November 7, 2023, Shan Shui Technology announced the divorce of its actual controllers, Huang Guorong and Wu Xinyan, along with a significant equity restructuring that resulted in Wu Xinyan becoming the new controlling shareholder and chairman of the company [2][4][5]. Equity Restructuring - Huang Guorong transferred 10 million shares of Shan Shui Technology to Wu Xinyan, along with shares held through Zhengxiang Investment and Zexiang Ruibao Investment [4]. - Prior to the restructuring, Wu Xinyan held a total of 30.668 million shares, which increased to 68.568 million shares post-restructuring, representing 31.95% of the total share capital [4][5]. - The market value of the newly acquired 37.9 million shares is approximately 924 million yuan, based on the closing price on November 7 [5]. Management Changes - Huang Guorong resigned from his positions as chairman, director, and general manager of the company due to personal reasons, with Wu Xinyan elected as the new chairman and proposed to be the general manager [5]. - Wu Xinyan has a background in procurement and has held various positions within the company since 2012, including director and head of the comprehensive center [6]. Company Performance - As of November 7, 2023, Shan Shui Technology's stock price closed at 24.38 yuan per share, with a total market capitalization of 5.2 billion yuan, reflecting a year-to-date increase of over 55% [9]. Business Overview - Shan Shui Technology specializes in the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates, with key products including various nitro compounds and chlorinated pyridine series [8].

Core Viewpoint - The article discusses the significant changes in the ownership and management structure of Shanshui Technology following the divorce and asset division between its actual controllers, Huang Guorong and Wu Xinyan, which has resulted in Wu Xinyan becoming the new controlling shareholder and chairman of the company [3][6]. Ownership Changes - On November 7, Huang Guorong transferred 10 million shares of Shanshui Technology to Wu Xinyan, along with the shares held indirectly through Zhengxiang Investment and Zexiang Ruibao Investment [5]. - Prior to the change, Huang Guorong and Wu Xinyan were co-controllers of the company, with Huang being the controlling shareholder. Post-change, Wu Xinyan holds a total of 68.568 million shares, representing 31.95% of the total share capital [6]. - The market value of the newly acquired shares by Wu Xinyan is approximately 924 million yuan, based on the closing price on November 7 [6]. Management Changes - Huang Guorong resigned from his positions as chairman, director, and general manager of the company due to personal reasons, and Wu Xinyan was elected as the new chairman and is expected to be appointed as the general manager [6]. - Wu Xinyan has a background in procurement and management within the company, having held various positions since 2012 [7]. Financial Overview - As of the latest annual report, Huang Guorong's annual salary was 1.1238 million yuan, while Wu Xinyan's was 449,200 yuan [8]. - Shanshui Technology's main business includes the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates [9]. Stock Performance - On November 7, Shanshui Technology's stock closed at 24.38 yuan per share, with a total market capitalization of 5.2 billion yuan. The stock has increased by over 55% year-to-date [10].

Core Viewpoint - The article discusses the significant changes in the control of Shanshui Technology following the divorce and asset division between its actual controller Huang Guorong and his wife Wu Xinyan, who has now taken over as the actual controller and legal representative of the company [2][3][4]. Group 1: Changes in Control - On November 7, Shanshui Technology announced the divorce between Huang Guorong and Wu Xinyan, leading to a change in the actual controller to Wu Xinyan [4][6]. - Huang Guorong transferred 10 million shares directly to Wu Xinyan, along with indirect holdings through Zhengxiang Investment and Zexiang Ruibao Investment, resulting in Wu Xinyan holding a total of 68.568 million shares, which is 31.95% of the total share capital [6][8]. - The market value of the newly acquired 37.9 million shares by Wu Xinyan is approximately 924 million yuan based on the closing price on November 7 [6][11]. Group 2: Management Changes - Following the divorce, Huang Guorong resigned from all his positions, including chairman and general manager, and Wu Xinyan was elected as the new chairman of the board and is expected to be appointed as the general manager [6][8]. - Wu Xinyan has a background in procurement and has been involved with Shanshui Technology in various capacities since 2012, indicating her familiarity with the company's operations [8]. Group 3: Company Performance - As of November 7, Shanshui Technology's stock price was 24.38 yuan per share, with a total market capitalization of 5.2 billion yuan, reflecting a year-to-date increase of over 55% [11].

Core Viewpoint - The recent divorce of the actual controller of Shanshui Technology, Huang Guorong, and his wife, Wu Xinyan, has led to a significant change in the company's control structure, with Wu Xinyan becoming the new actual controller and legal representative of the company following a series of events including Huang's criminal detention [1][4][6]. Group 1: Change in Control - On November 7, Shanshui Technology announced the divorce between Huang Guorong and Wu Xinyan, resulting in a change of actual controller to Wu Xinyan [2][4]. - Wu Xinyan's shareholding increased to 68.568 million shares, representing 31.95% of the total share capital after the transfer of 37.9 million shares from Huang Guorong [4][5]. - The market value of the newly acquired shares by Wu Xinyan is approximately 924 million yuan based on the closing price on November 7 [4][5]. Group 2: Management Changes - Huang Guorong resigned from his positions as chairman, director, and general manager due to personal reasons, with Wu Xinyan being elected as the new chairman and proposed to be the general manager [4][6]. - Wu Xinyan has a background in procurement and management within the company, having held various positions since 2008 [6]. Group 3: Company Performance - As of November 7, Shanshui Technology's stock price was 24.38 yuan per share, with a total market capitalization of 5.2 billion yuan, reflecting a year-to-date increase of over 55% [8].

Core Viewpoint - The actual controller of Shanshui Technology has changed due to a high-profile divorce involving the former chairman Huang Guorong, who has been subjected to criminal coercive measures, with his wife Wu Xinyan stepping in as the new controller and chairman of the company [1][5][6]. Group 1: Changes in Control and Management - On November 7, Shanshui Technology announced the divorce between Huang Guorong and Wu Xinyan, resulting in a change of actual control to Wu Xinyan, who now holds 31.95% of the company's total shares after receiving 37.9 million shares valued at 924 million yuan [3][4]. - Huang Guorong transferred 10 million shares directly to Wu Xinyan, along with shares held through investment entities, leading to Wu Xinyan becoming the controlling shareholder and legal representative of the company [3][4]. - Following the divorce, Huang Guorong resigned from all his positions, and Wu Xinyan was elected as the new chairman and is expected to be appointed as the general manager [3][4]. Group 2: Company Performance and Market Reaction - Shanshui Technology's stock price closed at 24.38 yuan per share on November 7, with a total market capitalization of 5.2 billion yuan, reflecting a year-to-date increase of over 55% [7]. - The company specializes in the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates, with key products including various nitro compounds and chlorinated pyridine series [7].

Core Points - The actual controller of Shan Shui Technology has changed to Wu Xinyan following the divorce settlement with Huang Guorong, who was previously the chairman and general manager of the company [2][3][5] Group 1: Management Changes - On November 7, Shan Shui Technology announced the divorce and property division between Huang Guorong and Wu Xinyan, resulting in Wu Xinyan becoming the actual controller of the company [3][5] - Huang Guorong transferred 10 million shares directly to Wu Xinyan, and his indirectly held shares through Zhengxiang Investment and Zexiang Ruibao Investment were also allocated to her [5] - Prior to the change, Wu Xinyan held a total of 30.668 million shares, and after the transfer, she holds 68.568 million shares, representing 31.95% of the total share capital [5] Group 2: Financial Implications - The newly acquired 37.9 million shares by Wu Xinyan are valued at approximately 924 million yuan based on the closing price on November 7 [5] - As of the end of the year, Huang Guorong's annual salary was 1.1238 million yuan, while Wu Xinyan's was 449,200 yuan [8][9] Group 3: Company Operations - Following Huang Guorong's criminal detention on October 20, Wu Xinyan was appointed to fulfill the roles of chairman and legal representative of the company [7] - The company stated that the change in actual controller does not trigger mandatory tender offer obligations under the regulations and will not adversely affect the company's operational stability, independence, or ongoing viability [6] Group 4: Stock Performance - On November 7, the stock price of Shan Shui Technology closed at 24.38 yuan per share, with a total market capitalization of 5.2 billion yuan, reflecting a year-to-date increase of over 55% [10]

Core Viewpoint - The actual controller of Shanshui Technology has changed to Wu Xinyan following the divorce settlement with Huang Guorong, who has been subjected to criminal coercive measures [2][4][9]. Group 1: Change in Control - On November 7, Shanshui Technology announced the divorce and property division between Huang Guorong and Wu Xinyan, resulting in Wu Xinyan becoming the actual controller of the company [4][6]. - Huang Guorong transferred 10 million shares directly to Wu Xinyan, along with indirect holdings through Zhengxiang Investment and Zexiang Ruibao Investment [6]. - After the change, Wu Xinyan holds a total of 68.568 million shares, accounting for 31.95% of the total share capital, with a market value of 924 million yuan based on the closing price on November 7 [6][7]. Group 2: Management Changes - Huang Guorong resigned from his positions as chairman, general manager, and director of the board due to personal reasons, with Wu Xinyan appointed as the new chairman and proposed as the general manager [7][9]. - The board confirmed that this change would not trigger mandatory tender offer obligations under the regulations and would not adversely affect the company's operational stability or independence [7]. Group 3: Company Background - Shanshui Technology specializes in the research, production, and sales of dye intermediates, pesticides, and pharmaceutical intermediates, with key products including various nitro compounds and chlorinated pyridine series [12]. - As of November 7, the stock price of Shanshui Technology was 24.38 yuan per share, with a total market capitalization of 5.2 billion yuan, reflecting a year-to-date increase of over 55% [13].