Financial Services Association, March 14 (Editor: Gi Chen) Following Cisco Rui, Guoguang Electric, and Chaoyue Technology successively announcing that the chairman of the company was suspended and investigated after the market on Tuesday, three A-share listed companies, Tianyi Shangjia, Huashi Technology, and Zhuolang Technology, announced the company or related parties after the market today.

The main business is Tianyi Shangjia's evening announcement on the development of a series of products such as powder metallurgy gates and locomotives for high-speed rail trains. The company recently received a “Notice of Detention” and “Notice of Case Filing” issued by the Beijing Mentougou District Supervisory Commission to personally place Wu Peifang, the company's actual controller and chairman. According to public information, Wu Peifang achieved a total direct and indirect shareholding of 23.7% of Tianyi Shangjia's shares by holding 48.20% of the shares in the Beijing Jiutai Fanghe Asset Management Center (limited partnership). He is the actual controller and controlling shareholder of Tianyi Shangjia. In 2022, Wu Peifang received a total of 1,425 million yuan in pre-tax compensation from Tianyi Shangjia.

It is worth noting that according to Tianyi Shangjia's 2022 annual report, Tianyi Shangjia's research projects include the design and development of high-performance carbon ceramic brake discs for flying cars, which have now been completed and passed the bench test assessment. According to Tianyi Shangjia's performance report released on February 26, the company achieved operating revenue of 2,216 billion yuan in 2023, an increase of 124.51% year on year; realized net profit attributable to owners of the parent company was 145 million yuan, a year-on-year decrease of 18.81%. Tianyi Shangjia said in this regard that in order to ensure the bid share for high-speed rail powder metallurgy gate collection, the company adjusted the unit price of the product in due course, and the operating income of the business sector was drastically reduced, and the business generated losses. In addition, due to the influence of the industry, Ruihe Technology, a subsidiary of Tianyi Shangjia, did not meet the promised performance in 2023. The company confirmed compensation revenue in accordance with the relevant commitment terms of the previous transaction agreement and carefully considered goodwill impairment matters. Judging from the performance of the secondary market, the biggest cumulative decline in Tianyi Shangjia's stock price since the August 2022 high has reached 71.45%.

At the same time, its main business is Huashi Technology, which provides project design solutions for customers in smart city fields such as smart government. The company recently received the “Notice of Detention” and “Notice of Case Filing” issued by the Dongyang Municipal Supervisory Commission. Ye Jianbiao, one of the company's actual controllers, director and general manager, was placed in lien and investigated. According to public information, Ye Jianbiao directly holds 16.76% of Huashi Technology's shares and is the actual controller and controlling shareholder of the company. Analysts pointed out that in the announcement, Huashi Technology did not disclose the specific reason why Ye Jianbiao was investigated, but only emphasized that “proper arrangements have been made for related matters and the production and operation order is normal,” in an attempt to downplay the adverse effects of Ye Jianbiao's inability to perform his duties on the company.

A CIFA reporter learned that judging from the history of Huashi's technological development, Ye Jianbiao certainly played an important role. As early as 1998, he and Yu Yongfang, who is also an alumnus of Zhejiang University, co-funded the establishment of Zhejiang Huashi Automation Co., Ltd., the predecessor of a listed company. Since then, the two have developed along the way, successfully leading Huashi Technology to enter the GEM in 2022. At that time, it was hailed as a good entrepreneurial story for Zhejiang University alumni. As an alumnus and startup partner, general manager Ye Jianbiao is in close contact with Chairman Yu Yongfang. They joined forces with Zhang Zhongcan, chairman of the company's supervisory board. The three jointly control Huashi Technology. In terms of shareholding, the three are also quite close. Yu Yongfang, Ye Jianbiao, and Zhang Zhongcan hold 17.35%, 16.76%, and 11.69% of the shares respectively. Based on the company's latest closing price of 27.88 yuan/share, Ye Jian shares equivalent to RMB 533 million reached RMB 533 million.

Huashi Technology said on January 9 on Interactive Easy that the company is deeply involved in smart city informatization integration and technical services, especially in smart port and shipping government services and data mining. The “Ship Jiabao” platform developed by Huashi Technology is dedicated to building a digital platform for inland waterway shipping, providing a one-stop integrated data service for inland waterway shipping practitioners in Zhejiang. Huashi Technology uses big data and artificial intelligence technology to analyze and mine data such as waterways, hydrology, and ports to generate port and shipping data elements. It will be further integrated and upgraded during the three-year action plan to provide applications for government services and terminal shipowners. According to data from the three quarterly reports previously released by Huashi Technology, for the first three quarters of 2023, revenue was announced to be 193 million yuan, a year-on-year decrease of 16.37%; net profit attributable to shareholders of listed companies was 3.88 million yuan, a year-on-year decrease of 30.08%. Judging from the performance of the secondary market, the biggest cumulative decline in Huashi Technology's stock price since its high in August 2023 has reached 71.81%.

In addition, Zhuolang Technology's main business is software development, information system integration, Internet data center construction and hosting, etc., and the company received a “Notice of Case Filing” from the Securities Regulatory Commission and filed a case against the company in accordance with laws and regulations because the company suspected illegal disclosure of information. Zhuolang Technology announced in December last year that its wholly-owned subsidiary signed the “Jinan Artificial Intelligence Computing Power Center Software, Hardware and Corresponding Supporting Services Procurement Project Contract”. The total contract price (tax included price) was 690 million yuan, of which the total price of GPU general server equipment was 400 million yuan. Zhuolang Technology released a performance forecast on January 31. Net profit due to mother is expected to be -1.59 million yuan to -2.38 million yuan in 2023. Judging from the performance of the secondary market, the biggest cumulative decline in Zhuolang Technology's stock price since the February 2023 high has reached 72.84%.

Looking at the performance of the secondary market, the stock prices of Cisco Rui and Guoguang Electric both fell sharply on the day after the announcement, with closing losses of more than 12% and 15%, respectively; however, Chaoyue Technology closed less than 12% and 15%, respectively. Today, they also took advantage of the “heat wave” of car dismantling, and recorded a 20CM rise or stop at the close of the day because they had invested in the construction of a scrapped car dismantling center.