Group 1 - The stock price of Shiming Technology closed at 15.06 yuan on July 30, down 0.39 yuan, a decrease of 2.52% from the previous trading day. The trading volume was 196,719 hands, with a transaction amount of 296 million yuan [1] - Shiming Technology's main business includes the research, production, and sales of color paste and related products, which are widely used in coatings, textiles, inks, and other fields [1] - On July 28, Shiming Technology announced that its actual controller and chairman, Lu Yong, was placed under detention due to matters related to his personal company, Jiangsu Banbutang Real Estate Co., Ltd. The announcement emphasized that this detention is a personal matter for Lu Yong and is unrelated to the company [1] Group 2 - As of July 30, Shiming Technology experienced a net outflow of main funds amounting to 31.33 million yuan, accounting for 0.85% of its circulating market value [2] - Lu Yong acquired control of the company in 2024 through high leverage, amounting to 650 million yuan, while his controlled company, Jiangsu Fenghui New Energy Development Co., Ltd., is in a state of insolvency [1]

Core Viewpoint - The announcement regarding the detention of the actual controller, chairman, and president of Shiming Technology (300522.SZ) is a personal matter unrelated to the company, leading to a significant drop in the company's stock price. Group 1: Company Overview - Shiming Technology Co., Ltd. was established in December 2001 and specializes in the research and production of color paste, functional additives, and integrated computer color matching systems [4]. - The company went public on the Growth Enterprise Market in 2016, with a current stock price of 16.77 yuan per share, resulting in a market capitalization of approximately 5.4 billion yuan [4]. - Shiming Technology operates four major production bases located in Kunshan, Changshu, Yueyang, and Panjin [4]. Group 2: Financial Performance - In the 2024 annual report, Shiming Technology reported a total revenue of 697 million yuan, representing a year-on-year increase of 2.30%, and a net profit attributable to shareholders of 22.62 million yuan, up 25.61% year-on-year [4]. - The Q1 2025 report indicated total revenue of 159 million yuan, a decrease of 117.64 million yuan compared to the same period last year, reflecting a year-on-year decline of 6.89%. The net profit attributable to shareholders was 5.44 million yuan [4]. Group 3: Leadership and Control - Lu Yong, born in 1974, is the actual controller, chairman, and president of Shiming Technology, and has held multiple leadership positions in various companies [6][8]. - Lu Yong acquired control of Shiming Technology through two share transfers from the controlling shareholders, totaling nearly 650 million yuan, which accounted for 16.96% of the shares [8]. - Lu Yong has been in control of Shiming Technology for only a year and a half, and has served as chairman for less than a year [10]. Group 4: Recent Developments - On July 28, Shiming Technology announced that Lu Yong was subject to detention due to matters related to Jiangsu Banbutang Real Estate Co., Ltd., which is unrelated to the company [1][10]. - Following the announcement, the company's stock price fell by 10.32%, closing at 15.04 yuan [10]. - The company stated that the detention of the chairman is a personal matter and does not affect the company's operations, with the vice chairman prepared to assume responsibilities if necessary [10].