Core Viewpoint - The sudden detention of Xu Weiming, the actual controller and chairman of GuoDa Special Materials, has caused significant turmoil in the capital market, leading to a sharp decline in the company's stock price despite its impressive financial performance this year [1][3][5]. Financial Performance - GuoDa Special Materials is expected to report a non-net profit of 240 million yuan for the first three quarters of the year, representing a year-on-year increase of 458.14% [10]. - The company's revenue for the first three quarters is projected to be 3.7 billion yuan, an increase of 25.04% compared to the previous year [10]. - The stock price surged from 15.34 yuan per share at the beginning of the year to a peak of 32.34 yuan per share by October 10, marking a total increase of 101.9% [5]. Business Operations - The company specializes in high-end steel materials and components for the wind power sector, with its wind power products accounting for 54.86% of total revenue in the 2024 annual report [10]. - GuoDa Special Materials has a well-established corporate governance structure and internal control system, ensuring that daily operations continue normally despite the detention of its actual controller [8]. Management and Governance - Xu Weiming, who has been with the company since its inception in 2006, controls 28.4% of the company's shares, with a direct holding of 5.6% [7]. - The company has emphasized that its management team is capable of maintaining operational stability and strategic focus in the absence of its core leader [13]. Market Impact - Following the announcement of Xu's detention, GuoDa Special Materials' stock opened down 9.38% and experienced a drop of over 17% during trading, closing at 25.44 yuan per share, a decline of 9.95% [3]. - The incident has raised concerns about the company's governance and risk management capabilities, which will be tested in the coming period [13].

Group 1 - The company Zhangjiagang Wide Special Materials Co., Ltd. announced that its actual controller, Chairman and General Manager Xu Weiming, has been placed under detention by the Suzhou Wuzhong District Supervisory Committee [2] - The company stated that it has a sound corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team, and that other directors and senior management are performing their duties normally [2] - As of the announcement date, the company's control has not changed, and its daily operations and business activities are proceeding steadily [2] Group 2 - The company specializes in the research, production, and sales of high-end special steel materials and components, primarily serving downstream sectors such as renewable energy wind power, rail transit, machinery, military nuclear power, and aerospace [2] - For the first half of the year, the company reported 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, a year-on-year increase of 332.67% [2] - The company has established a special organization to enhance the recovery of accounts receivable, led by senior management, to ensure efficient progress in acceptance, handover, settlement, and collection [3] Group 3 - The company is actively communicating with government departments and financial institutions to seek more policy support and financing convenience to mitigate debt risks [3] - The company has completed the conversion of all its convertible bonds, referred to as "Wide Convertible Bonds" [3]

Core Viewpoint - The company, Guangda Special Materials, is facing scrutiny as its chairman and general manager, Xu Weiming, has been placed under detention by the Suzhou Wuzhong District Supervisory Committee, while the company's operations remain stable and unaffected by this incident [1][3]. Group 1: Company Operations - Guangda Special Materials has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team, with no changes in control reported [3]. - The company is experiencing normal operational conditions, with steady progress in various business segments [3]. Group 2: Financial Performance - For the first three quarters of 2025, Guangda Special Materials anticipates a revenue of approximately 3.7 billion yuan, reflecting a year-on-year increase of about 25.04% [4]. - The net profit attributable to the parent company for the same period is expected to be around 248 million yuan, marking a significant year-on-year increase of approximately 213.92% [4]. Group 3: Shareholder Information - As of June 30, 2025, Xu Weiming directly holds 12.65 million shares of Guangda Special Materials, representing a 5.6% ownership stake [3]. - The company's stock price closed at 28.25 yuan per share, with a total market capitalization of 7.9 billion yuan as of October 14 [5].

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 chairman and general manager of Guoda Special Materials, Xu Weiming, has been placed under detention measures by the Suzhou Wu Zhong District Supervisory Committee, raising concerns about the company's governance and management stability [2]. Company Governance - Guoda Special Materials has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team, while other directors and senior management continue to perform their duties normally [2]. - As of the announcement date, the company's control has not changed despite the chairman's situation [2]. Executive Profile - Xu Weiming, born in 1968, holds a bachelor's degree in business administration from China University of Geosciences and has served in various managerial roles since 1986, including positions in the refractory materials industry and as the general manager of Guoda Steel [3]. Financial Performance - Guoda Special Materials is a leading company in the industry with strong smelting capabilities and an integrated industrial chain, primarily engaged in the R&D, production, and sales of high-end special steel materials and components [6]. - The company expects to achieve approximately 3.7 billion yuan in revenue for the first three quarters of 2025, representing a year-on-year increase of about 25.04%, and a net profit of approximately 248 million yuan, reflecting a significant year-on-year increase of about 213.92% [6]. - The growth in performance is attributed to improved demand in downstream industries, effective customer order expansion, and successful cost-reduction measures, which have enhanced overall profitability [6]. Market Position - As of October 14, the stock price of Guoda Special Materials was 28.25 yuan per share, with a total market capitalization of 7.9 billion yuan [7].

Core Viewpoint - The chairman and general manager of Guoda Special Materials, Xu Weiming, has been placed under detention measures, raising concerns about the company's governance and operational continuity [4][8]. Company Governance - Guoda Special Materials announced that the company has a robust corporate governance structure and internal control system, ensuring that daily operations are managed by the executive team, while other board members and senior management continue to perform their duties normally [4][8]. - As of the announcement date, the company's control has not changed, and its subsidiaries are operating normally [4]. Executive Profile - Xu Weiming, born in 1968, holds a bachelor's degree in business administration from China University of Geosciences and has served in various managerial roles since 1986, including his current position as chairman and general manager of Guoda Special Materials [5][8]. - Xu's annual salary for 2024 is reported to be 2.1048 million yuan, with a direct shareholding of 12.65 million shares, accounting for 5.6% of the company [5][6]. Financial Performance - Guoda Special Materials is a leading company in the industry with strong smelting capabilities and an integrated industrial chain, primarily focusing on high-end steel materials and components for various sectors, including renewable energy and military equipment [8]. - The company expects to achieve approximately 3.7 billion yuan in revenue for the first three quarters of 2025, representing a year-on-year increase of about 25.04%. The net profit attributable to shareholders is projected to be around 248 million yuan, reflecting a significant year-on-year increase of approximately 213.92% [8]. - The growth in revenue and profit is attributed to improved demand in downstream industries, effective customer order expansion, and successful cost-reduction measures [8]. Market Position - As of October 14, 2023, Guoda Special Materials' stock price is reported at 28.25 yuan per share, with a total market capitalization of 7.9 billion yuan [9][10].

Core Viewpoint - The company, Guangda Special Materials, is actively repurchasing shares to boost market confidence, with a total of 17.77 million shares repurchased for 390 million yuan, nearing the upper limit of its repurchase plan of 400 million yuan [1][3][4]. Group 1: Share Repurchase - Guangda Special Materials has initiated a new round of share repurchase, with a total repurchase amount not less than 200 million yuan and not exceeding 400 million yuan [2][4]. - The company’s share price has significantly increased, rising over 80% from 14.99 yuan per share at the beginning of the year to 27.11 yuan per share by June 18 [2][4]. - The repurchase is based on the confidence in the company's future development and aims to protect the interests of investors, especially small and medium-sized investors [4]. Group 2: Financial Performance - The company has shown a remarkable improvement in profitability, with a year-on-year increase in net profit and non-recurring net profit exceeding 20 times for two consecutive quarters [3][6]. - In the fourth quarter of 2024, the company reported a net profit of 35.33 million yuan and a non-recurring net profit of 30.98 million yuan, representing year-on-year growth of 7348.26% and 2424.28%, respectively [6]. - The company’s revenue for the first quarter of this year reached 1.12 billion yuan, a year-on-year increase of 25.75%, with a net profit of 74.25 million yuan, up 1488.76% [6]. Group 3: Business Operations - Guangda Special Materials focuses on high-end steel materials and components for industries such as renewable energy and rail transportation, with revenue steadily increasing from 1.81 billion yuan in 2020 to 4.003 billion yuan in 2024 [5]. - The company’s revenue from the renewable energy wind power business accounted for 54.86% of total revenue in 2024, with energy equipment and mechanical equipment contributing 19.8% and 9.32%, respectively [6]. - The company is also exploring strategic emerging industries such as military nuclear power, aerospace, and marine engineering, with R&D expenses exceeding 200 million yuan in 2024 [7].