KAN(SZ:002012)2025-05-13 09:46Group 1: Financial Overview - The company reported a revenue of 140 million in Q1 2025, which is flat compared to the same period last year [3] - The company is focusing on maintaining production stability and supporting the high-end product market competitiveness of its subsidiary, Kaifeng New Materials [3] Group 2: Shareholder and Governance Issues - The company has not received any recent updates regarding the major shareholder's equity disposal, which has been a concern for several years [3] - The company adheres to the "three separations and two independents" principle, ensuring operational independence from the controlling shareholder [3] Group 3: Strategic Decisions - Kaifeng New Materials voluntarily applied to terminate its listing on the National Equities Exchange and Quotations (NEEQ) based on its operational needs and long-term strategic planning [4] - The company is committed to supporting Kaifeng New Materials in enhancing its market competitiveness and expanding into overseas markets [4]