Core Points - The actual controller of Yanjiang Co., Ltd., Xie Yingqiu, has passed away due to illness, as announced by the company on December 2 [1][2] - Xie Yingqiu held 18.553 million shares, accounting for 5.58% of the company's total equity, and had been a key figure in the company's strategic planning and development since its inception [2] - Following Xie Yingqiu's death, the board of directors will reduce to 8 members, which is still compliant with the minimum requirements of the Company Law of the People's Republic of China [2] Company Performance - Yanjiang Co., Ltd. specializes in producing disposable hygiene product surface materials, with main products including PE perforated film, 3D perforated non-woven fabric, hot air non-woven fabric, and ADL drainage layers [2] - For the first three quarters of the year, the company reported revenue of 1.295 billion yuan, a year-on-year increase of 23%, and a net profit attributable to shareholders of 43 million yuan, up 28% year-on-year [2] - As of December 2, the company's stock price was 12.23 yuan per share, with a market capitalization of 4.1 billion yuan [3]

Core Points - The actual controller of Yanjiang Co., Ltd., Xie Yingqiu, has passed away due to illness, as announced by the company on December 2 [1][3] - Xie Yingqiu held 18.553 million shares, accounting for 5.58% of the company's total share capital, and has been a significant contributor to the company's growth and development since its establishment [3] - Following Xie Yingqiu's death, the board of directors will reduce to 8 members, which is still above the minimum required by Chinese law and the company's articles of association [3] Company Overview - Yanjiang Co., Ltd. specializes in producing disposable hygiene product surface materials, including PE perforated film, 3D perforated non-woven fabric, hot air non-woven fabric, and ADL drainage layers [4] - For the first three quarters of the year, the company achieved revenue of 1.295 billion yuan, a year-on-year increase of 23%, and a net profit attributable to shareholders of 43 million yuan, a year-on-year increase of 28% [4] - As of December 2, the company's stock price was 12.23 yuan per share, with a market capitalization of 4.1 billion yuan [5]

Core Viewpoint - The passing of Xie Yingqiu, a significant figure in Yanjiang Co., has raised concerns about the company's future leadership and governance structure [1][4]. Company Overview - Yanjiang Co. is a specialized supplier of disposable hygiene product surface materials, with key products including PE perforated film, 3D perforated non-woven fabric, hot air non-woven fabric, and ADL drainage layers [5]. - As of the third quarter of this year, the company reported a revenue of 1.295 billion yuan, representing a year-on-year growth of 23%, and a net profit attributable to shareholders of 43 million yuan, up 28% year-on-year [5]. Leadership Changes - Xie Yingqiu held 18.553 million shares, accounting for 5.58% of the total share capital, and served as a director and vice president, contributing significantly to the company's strategic planning and development since its inception [4]. - Following Xie's death, the board of directors will reduce to 8 members, which remains compliant with the minimum requirements set by the Company Law of the People's Republic of China [4]. Current Operations - The company's production and operational activities are reported to be normal, with the board and management team committed to maintaining steady development [5].

Core Viewpoint - The passing of Xie Yingqiu, a significant figure in Yanjiang Co., Ltd., raises concerns about the company's future leadership and governance, although operations remain stable [1][4]. Company Overview - Yanjiang Co., Ltd. specializes in producing disposable hygiene product surface materials, including PE perforated film, 3D perforated non-woven fabric, hot air non-woven fabric, and ADL flow layers [4]. - For the first three quarters of the year, the company reported revenue of 1.295 billion yuan, a year-on-year increase of 23%, and a net profit attributable to shareholders of 43 million yuan, up 28% year-on-year [4]. Leadership Changes - Xie Yingqiu, born in May 1970, held 18.553 million shares, accounting for 5.58% of the company's total equity, and served as a director and deputy general manager [3][4]. - Following Xie Yingqiu's death, the board of directors will reduce to 8 members, still above the minimum required by Chinese company law [4]. Market Performance - As of December 2, the stock price of Yanjiang Co., Ltd. was 12.23 yuan per share, with a market capitalization of 4.1 billion yuan [5].