Core Insights - Zhejiang Liyuan Environmental Protection Technology Co., Ltd. (Liyuan Technology) signed contracts worth a total of 46.86 million yuan for water treatment systems in two major projects, enhancing its position in the thermal power market and boosting its profitability and core competitiveness [1] - The Xinjiang oilfield integrated project is a key demonstration project by the National Energy Administration, integrating renewable energy, coal power, and carbon capture technology [1] - Liyuan Technology has a strong focus on water treatment systems for nuclear and thermal power, with a significant increase in demand in the market due to ongoing construction in these sectors [2] Company Developments - The contracts include a 31.49 million yuan contract for the chemical water treatment system for the Xinjiang oilfield project and a 15.37 million yuan contract for the boiler makeup water treatment system for the coal-fired power project [1] - The company has provided hundreds of water treatment project systems to major energy groups, indicating a robust track record in the industry [2] - The successful signing of the Xinjiang oilfield coal power water treatment project is expected to drive future performance growth and highlights the company's core competitiveness in the clean transformation of traditional energy under the "dual carbon" goals [2] Industry Trends - The thermal and nuclear power markets in China are experiencing steady growth, with a 45% increase in newly installed thermal power capacity in the first five months of 2025 compared to the same period last year [2] - The approval of five nuclear power projects in April 2025, totaling an investment of over 200 billion yuan, further indicates a strong demand for water treatment solutions in these sectors [2] - The ongoing demand for water treatment in the thermal power market is expected to continue, supported by high levels of approved coal power installations and the implementation of low-carbon transformation plans [2]

Core Viewpoint - The actual controller of Liyuan Technology, Shen Wanzhong, was sentenced to one year in prison (with a one and a half year probation) for the crime of illegally disclosing important information, which does not significantly impact the company's operations or governance [1][4]. Group 1: Legal Issues and Penalties - Shen Wanzhong was found guilty of illegally disclosing important information and was fined 3.3 million yuan [1]. - In September 2022, the Zhejiang Securities Regulatory Bureau issued a warning to Liyuan Technology for financial misconduct, including premature revenue recognition and irregularities in corporate governance [2]. - In June 2023, Liyuan Technology was fined 3 million yuan for falsely inflating revenue and profits in 2021, with Shen Wanzhong being directly responsible for these actions [3]. Group 2: Company Performance - In 2024, Liyuan Technology achieved operating revenue of 374 million yuan, a year-on-year increase of 46.58%, and a net profit attributable to shareholders of 2.54 million yuan, marking a turnaround from losses [4]. - In the first quarter of 2024, the company reported operating revenue of 49.95 million yuan, a 0.65% increase year-on-year, and a net profit of 2.89 million yuan, reflecting a significant growth of 454.20% [4]. Group 3: Shareholding and Management Changes - As of the announcement date, Shen Wanzhong directly held 48.06 million shares, accounting for 32.10% of the total share capital, and has resigned from all positions within the company [1]. - The board of directors has nominated Shen Wanzhong's daughter, Shen Jiawen, as a candidate for a non-independent director position, holding 1.4 million shares, or 0.94% of the total share capital [1]. Group 4: Market Reaction - As of July 30, Liyuan Technology's stock price decreased by 0.97%, closing at 10.23 yuan per share, with a total market capitalization of 1.532 billion yuan [5].

又有A股董事长，被判有期徒刑！ 7月29日晚间，力源科技发布公告称，其收到实控人沈万中送达的上海市第二中级人民法院《刑事判决书》。沈万中犯违规披露重要信息罪，被判处有期 徒刑一年，缓刑一年六个月，并处罚金330万元。 同期，力源科技发布关于董事长辞任并补选董事的公告。沈万中因个人原因辞去公司董事长、董事职务，辞职后将不在公司担任其他职务。沈万中已经按 照公司相关规定完成交接工作。 力源科技称，沈万中已辞去公司董事长、董事职务，辞职后不再担任公司其他职务，上述判决不影响实际控制人的股东权利行使及公司管理层和治理层的 依法规范运作，不会对公司的生产经营产生重大不利影响。 虽然辞任公司董事长之位，但沈万中仍是力源科技的实际控制人。据力源科技披露，沈万中直接持有公司股份4806.2万股，占公司总股本的32.10%，系公 司的控股股东、实际控制人。 公开信息显示，沈万中出生于1967年9月，本科学历，高级工程师。沈万中早年曾任嘉善嘉盛金属制品厂厂长、嘉兴嘉诚动能设备有限公司执行董事兼经 理等职务。2014年6月，沈万中任力源科技董事长、总经理。 同期，力源科技发布关于董事长辞任并补选董事的公告。沈万中因个人原因辞去公司 ...

Core Viewpoint - The chairman of Liyuan Technology, Shen Wanzhong, has resigned following a criminal conviction for the crime of disclosing important information in violation of regulations, receiving a one-year prison sentence with a one-and-a-half-year probation and a fine of 3.3 million yuan [1][6][7]. Group 1: Resignation and Legal Issues - Shen Wanzhong resigned from his positions as chairman and director of Liyuan Technology due to personal reasons and will not hold any other positions in the company post-resignation [4][6]. - The Shanghai Second Intermediate People's Court sentenced Shen Wanzhong to one year in prison, with a probation period of one and a half years, and imposed a fine of 3.3 million yuan for the crime of disclosing important information in violation of regulations [6][7]. - Despite his resignation, Shen Wanzhong remains the actual controller of Liyuan Technology, holding 48.062 million shares, which is 32.10% of the total share capital [7]. Group 2: Company Background and Performance - Liyuan Technology specializes in the research, design, and integration of water treatment systems for industrial enterprises in nuclear energy, thermal power plants, metallurgy, and chemical industries, and is recognized as a "little giant" enterprise by the state [10]. - The company has faced financial difficulties, reporting consecutive losses from 2022 to 2023, with a slight recovery expected in 2024. In the first quarter of 2025, Liyuan Technology achieved a revenue of 49.9457 million yuan and a net profit attributable to shareholders of 2.8873 million yuan [10]. - As of July 29, the stock price of Liyuan Technology was 10.33 yuan per share, with a total market capitalization of 1.547 billion yuan [11]. Group 3: New Leadership - Following Shen Wanzhong's resignation, his daughter, Shen Jiawen, has been nominated as a non-independent director candidate for the fourth board of directors. She has been serving as the chairman's assistant since May 2025 [4][10]. - Shen Jiawen holds a master's degree in economics from the University of Southern California and has experience in compliance and risk management at Huatai Asset Management [10].

Core Viewpoint - The chairman of Liyuan Technology, Shen Wanzhong, has been sentenced to one year in prison with a one and a half year probation for the crime of disclosing important information in violation of regulations, and has been fined 3.3 million CNY [2][5][6]. Company Developments - Shen Wanzhong resigned from his positions as chairman and director of Liyuan Technology due to personal reasons and will not hold any other positions in the company after his resignation [5][6]. - Liyuan Technology has nominated Shen Jiawen, Shen Wanzhong's daughter, as a candidate for a non-independent director in the fourth board of directors [5][9]. - Shen Jiawen holds a master's degree and has experience in compliance and risk management at Huatai PineBridge Investment Management [9][10]. Shareholding and Control - Despite his resignation, Shen Wanzhong remains the actual controller of Liyuan Technology, holding 48.06 million shares, which accounts for 32.10% of the total share capital [6][11]. - As of the announcement date, Shen Jiawen directly holds 1.4 million shares, representing 0.94% of the total share capital [10]. Financial Performance - Liyuan Technology has faced continuous losses from 2022 to 2023, with a slight recovery expected in 2024. In the first quarter of 2025, the company reported revenue of 49.95 million CNY and a net profit attributable to shareholders of 2.89 million CNY [11]. - As of July 29, 2023, Liyuan Technology's stock price was 10.33 CNY per share, with a total market capitalization of 1.547 billion CNY [11][12].

Core Viewpoint - The article discusses the succession of leadership at Zhejiang Haiyan Liyuan Environmental Technology Co., Ltd. (Liyuan Technology), highlighting the sudden transition of control from the founder to his daughter due to legal issues faced by the founder [1][3][12]. Group 1: Company Background - Liyuan Technology, listed on the Sci-Tech Innovation Board in 2021, specializes in technology-driven environmental water treatment systems for industries such as nuclear and thermal power plants, metallurgy, and chemicals [1]. - The company was founded on May 18, 1999, and has a registered capital of 802 million yuan [11]. Group 2: Leadership Transition - The founder and actual controller, Shen Wanzhong, resigned from his positions as chairman and director following a court ruling that sentenced him to one year in prison (with a one and a half year probation) for the crime of disclosing important information in violation of regulations [1][3][13]. - Shen Wanzhong's daughter, Shen Jiawen, who has a strong academic background, has been appointed as a non-independent director and is expected to take over as chairman [12][16]. Group 3: Legal Issues - Shen Wanzhong was previously placed under residential surveillance due to allegations of violating information disclosure regulations, which led to his eventual sentencing [5][15]. - The company faced administrative penalties in June 2023 for financial misconduct, including the premature recognition of project progress, which inflated revenue and profits [13][15]. Group 4: Current Ownership Structure - Despite his legal troubles, Shen Wanzhong remains the actual controller of Liyuan Technology, holding 32.10% of the company's shares [10][16].