Core Viewpoint - The company, Guangda Special Materials, has a robust corporate governance structure and internal control system, ensuring normal operations and steady business progress despite past incidents involving its executives [2][3]. Group 1: Corporate Governance and Management - Guangda Special Materials has a clear governance structure with defined processes for daily operations managed by the executive team, and all board members and senior management are fulfilling their roles normally [2]. - As of the announcement date, there has been no change in the company's control, and the company is unaware of the developments regarding past incidents involving its executives [3]. Group 2: Executive Background and Compensation - Xu Weiming, born in 1968, has been serving as the executive director and general manager of Guangda Steel since April 2003, and currently holds the position of chairman and general manager [3]. - In 2024, Xu Weiming received a pre-tax compensation of 2.1048 million yuan, and as of June 2025, he directly holds 12.65 million shares, accounting for 5.6% of the total share capital [3]. Group 3: Past Incidents - In April 2020, Xu Weiming was involved in a blackmail case where he was extorted for 335,000 yuan by an individual posing as a journalist, claiming to have private secrets about company executives [4]. - The court sentenced the perpetrator to ten years and six months in prison for extortion and ordered the return of the extorted funds to the victims, including Xu Weiming [5]. Group 4: Company Performance - Guangda Special Materials reported significant growth in its 2025 semi-annual report, achieving operating revenue of 2.534 billion yuan, a year-on-year increase of 34.74%, and a net profit attributable to shareholders of 185 million yuan, up 332.67% [6]. - The company attributed its performance improvement to strong demand in downstream industries, effective product structure optimization, and enhanced profitability through cost reduction and efficiency improvements [6].

Core Viewpoint - The company, Guangda Special Materials, maintains a stable operational status with a well-established corporate governance structure and internal control system, ensuring normal business operations and management by the executive team [2] Company Overview - Guangda Special Materials is a high-tech enterprise focused on high-quality special alloy materials, primarily engaged in the R&D, production, and sales of high-end steel materials and components for advanced equipment [6] - The company was officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on February 11, 2020, becoming the first stock from Zhangjiagang on this board [6] Financial Performance - For the first half of 2025, Guangda Special Materials reported significant growth, achieving operating revenue of 2.534 billion yuan, a year-on-year increase of 34.74% [6] - The net profit attributable to shareholders reached 185 million yuan, reflecting a remarkable year-on-year growth of 332.67% [6] - The net profit after deducting non-recurring gains and losses was 179 million yuan, with an astonishing year-on-year increase of 2139.45% [6] - The company attributes its performance growth to favorable demand in downstream industries, robust production and sales, and optimization of product structure to reduce costs and enhance efficiency [6] Management and Governance - The executive team, including Chairman and General Manager Xu Weiming, is actively fulfilling their roles, and the company's control has not changed as of the announcement date [2][4] - Xu Weiming has been with the company in various leadership roles since 2003 and received a pre-tax remuneration of 2.1048 million yuan in 2024 [4]

Core Viewpoint - The company, Guangda Special Materials, maintains a stable operational status with a solid governance structure and internal control system, ensuring normal business operations and management by the executive team [2]. Group 1: Company Governance and Management - Guangda Special Materials has a well-established corporate governance structure and internal control system, with clear institutional processes for operational management [2]. - The daily operations are managed by the executive team, and all directors and senior management are currently fulfilling their duties [2]. - As of the announcement date, there has been no change in the company's control, and the company is unaware of the progress and conclusions regarding certain unspecified matters [2]. Group 2: Executive Profile - Xu Weiming, born in 1968, has held various managerial positions in the refractory materials industry since 1986 and has been the chairman and general manager of Guangda Steel since 2003 [4]. - In 2024, Xu Weiming received a pre-tax remuneration of 2.1048 million yuan, and as of June 2025, he directly holds 12.65 million shares, accounting for 5.6% of the total share capital [4]. Group 3: Legal Issues - In April 2020, Xu Weiming was a victim of extortion related to "private secrets," where the perpetrator sent over 200 extortion letters claiming to have sensitive information about company executives [5]. - The extortionist was sentenced to ten and a half years in prison and fined 150,000 yuan, with restitution ordered to the victims, including Xu Weiming [5]. Group 4: Financial Performance - Guangda Special Materials reported significant growth in its 2025 semi-annual report, with operating revenue of 2.534 billion yuan, a year-on-year increase of 34.74%, and a net profit attributable to shareholders of 185 million yuan, up 332.67% [7]. - The company attributed its performance to strong demand in downstream industries, increased production and sales, and optimization of product structure, which improved gross margins and profitability [7].

Core Viewpoint - The company, Guangda Special Materials, demonstrates a robust corporate governance structure and internal control system, ensuring stable operational management and steady business progress [2] Group 1: Company Governance and Management - Guangda Special Materials has a clear governance structure with defined processes for operational management, overseen by the executive team [2] - The company’s control has not changed, and it is currently unaware of any developments regarding certain unspecified matters [4] Group 2: Executive Profile - Xu Weiming, born in 1968, has held various managerial positions since 1986, currently serving as the chairman and general manager of Guangda Steel [3] - Xu Weiming received a pre-tax remuneration of 2.1048 million yuan in 2024 and holds 12.65 million shares, representing 5.6% of the total share capital as of June 2025 [5] Group 3: Legal Issues - In April 2020, Xu Weiming was a victim of extortion related to personal secrets, leading to a court case where the perpetrator was sentenced to ten and a half years in prison [6][7] Group 4: Financial Performance - Guangda Special Materials reported significant growth in its 2025 semi-annual report, with revenue reaching 2.534 billion yuan, a year-on-year increase of 34.74%, and a net profit of 185 million yuan, up 332.67% [8] - The company attributes its performance to strong demand in downstream industries, effective cost management, and improved profit margins [8]

Core Points - The company, Guangda Special Materials, announced that its actual controller, Chairman and General Manager Xu Weiming, has been placed under detention by the Suzhou Wuzhong District Supervisory Committee [1] - The company's daily operations are being managed by the executive team, and other board members and senior management are continuing their duties normally [1][3] - As of the announcement date, there has been no change in the company's control [1] Company Operations - The company is a high-tech enterprise focused on high-quality special alloy materials [5] - The company has experienced a significant stock price increase, with a cumulative rise of over 200% since September 2024 [5] - On October 14, the company's stock price fell by 5.58%, closing at 28.25 yuan per share [5] Communication and Transparency - The company's securities department stated that they will closely monitor the situation and fulfill their information disclosure obligations [3] - The company emphasized that Xu Weiming's detention will not affect its production and operations moving forward [3]