Core Viewpoint - The chairman and general manager of Guoda Special Materials, Xu Weiming, has been placed under detention measures by the Suzhou Wuzhong District Supervisory Committee, raising concerns about the company's governance and future operations [3]. Company Overview - Guoda Special Materials is a leading company in the industry with strong smelting capabilities and an integrated industrial chain, focusing on high-end special steel materials and components for advanced equipment [7]. - The company's products are primarily used in high-end manufacturing sectors such as renewable energy wind power, energy equipment, rail transportation, military equipment, aerospace, nuclear power, and marine petrochemicals, with the renewable energy wind power sector accounting for 55.8% of its main business revenue [7]. Financial Performance - For the first three quarters of 2025, Guoda Special Materials expects to achieve approximately 3.7 billion yuan in revenue, a year-on-year increase of about 25.04% [7]. - The net profit attributable to the parent company is projected to be around 248 million yuan, reflecting a significant year-on-year increase of approximately 213.92% [7]. - The growth in revenue and profit is attributed to improved demand in downstream industries, effective customer order expansion, and successful cost reduction and efficiency enhancement measures [7]. Management and Governance - The company maintains a robust corporate governance structure and internal control system, with daily operations managed by the executive team, ensuring that other directors and senior management continue to perform their duties normally [3]. - Xu Weiming, the chairman, has a background in business management and has held various leadership positions within the company since 2003 [4]. Stock Performance - 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 [8].