On January 7, Financial Associated Press reported (journalist Wang Bin) that after being detained for more than four months, Zhu Xinai, the Chairman and General Manager of Shanghai Laimu Electronics (603633.SH), returned to his position just before the Spring Festival. Interestingly, the stock price of Shanghai Laimu Electronics today "rose first as a greeting", seemingly celebrating the return of the company chairman.

On the evening of January 7, Shanghai Laimu Electronics announced that Chairman and General Manager Zhu Xinai was placed under investigation and detained in August 2024; recently, the supervisory committee of Hongkou District, Shanghai lifted the detention measures against Zhu Xinai. Currently, Zhu Xinai is able to normally fulfill his duties as Chairman and General Manager of the company, and the company's production and operation management situation is normal.

It is worth noting that today, the stock price of Shanghai Laimu Electronics experienced unusual fluctuations. Wind data shows that the stock price of Shanghai Laimu Electronics fell from its peak of 9.16 yuan on December 27, 2024, to a closing price of 7.06 yuan on January 6, 2025, a drop of about 22.93% over six trading days. On January 7, the stock of Shanghai Laimu Electronics quickly surged to the upper limit at the opening, closing at 7.77 yuan per share.

Regarding the reasons for the stock price fluctuations, relevant personnel from Shanghai Laimu Electronics told Financial Associated Press reporters that the stock price was influenced by multiple factors, including the secondary market and the Industry. The company only received the notification of the chairman's detention lift today and disclosed it promptly. "Zhu was detained for personal reasons, unrelated to the company. During this period, the Deputy General Manager exercised the duties of Chairman and General Manager, and all operational management and production remained normal."

In terms of performance, in the first three quarters of 2024, Shanghai Laimu Electronics achieved revenue of approximately 1.05 billion yuan, a year-on-year increase of 35.07%; the Net income attributed to the parent company was approximately 70.0908 million yuan, a year-on-year increase of 6.62%. Among them, in the third quarter of 2024, the company increased revenue without increasing profit, achieving revenue of 0.365 billion yuan, a year-on-year increase of 27.01%; the Net income attributed to the parent company was 17.97 million yuan, a year-on-year decline of 24.19%.

Financial Associated Press reporters noted that in the first three quarters of 2024, the proportion of the top ten Instituional Holdings in the company has been declining. As of the end of the third quarter last year, the institutional holdings accounted for a total of 13.05%, a decrease of 3.68 percentage points compared to the end of the first quarter last year.

Public information shows that Shanghai Laimu Electronics primarily engages in the research and development, production, and sales of precision electronic Components, mainly connectors and shielding covers. The products can be divided into precision Autos connectors and accessories, Components, precision shielding covers and structural parts for Autos, precision connectors for mobile phones, and precision shielding covers and structural parts for mobile phones. It is reported that the production capacity at the company's production base in Songjiang District, Shanghai is already saturated, and the production base in Dongtai City, Jiangsu Province has entered a capacity ramp-up stage; the green intelligent manufacturing base established in Hanshou County, Hunan Province is planned to be put into production in the second half of 2025.