On the second day of the announcement of the core person's detention, Ruichuang Micro-Nano (688002. On April 8, the company's share price closed at 29.55 yuan per share, down 20.01% from the previous day, and the market value decreased by about 3.3 billion yuan.
On April 7, Ruichuang Micro-Nano, a listed company on the Science and Technology Innovation Board, issued an announcement stating that the company received the "Notice of Retention in Custody" and the "Notice of Case Filing" issued by the National Supervision Commission on April 4, and imposed a lien on Ma Hong, the actual controller, chairman and general manager of the company.
The announcement also said that Wang Hongchen, deputy general manager of the company, performed the relevant duties of the chairman of the company, as well as the duties of a member of the special committee of the company's board of directors, and Jiang Bin, deputy general manager of the company, performed the duties of general manager on behalf of the company. In addition, the company's other directors, supervisors and senior management team have performed their respective duties normally, and an emergency working group headed by Zhao Fangyan, secretary of the company's party committee, director and deputy general manager, has been established to actively promote the orderly progress of various tasks.
Regarding information such as when Ma Hong began to be detained, whether the reason for the retention involves Ruichuang Micro-Nano, and whether the retention will affect the company's R&D work, Times Finance called and emailed to ask Ruichuang Micro-Nano, but as of press time, no reply has been received.
According to the Ruichuang micro-nano prospectus, Ma Hong was born in 1971 and graduated from Huazhong University of Science and Technology with a doctorate degree in electronic science and technology. In March 2010, Ma Hong served as the general manager of Ruichuang Micro-Nano, and in April 2015, he was appointed as the chairman and general manager of Ruichuang Micro-Nano, and is the actual controller of the company. Ma Hong used to be an optoelectronic R&D engineer at Wuhan Research Institute of Posts and Telecommunications, a teacher in the Department of Optoelectronic Engineering of Huazhong University of Science and Technology, a director and vice president of Century Crystal Technology Co., Ltd., and the chairman and general manager of Shenzhen Century Crystal Photonic Technology Co., Ltd.
Ma Hong is the core figure of Rainbow Micro-Nano. According to the prospectus, Ma Hong is the founder and technical leader of the company, who has played a pivotal role in the research and development and commercial application of previous generations of products, is a leader in the company's development process, and is the actual controller of the company. At the beginning of the company's establishment, Ma Hong determined the product and technology direction, and has a variety of patented inventions.
At the same time, the company's financial report for the third quarter of 2023 shows that Ma Hong holds 15.29% of the company's shares and is the largest shareholder. According to the full list of the 2024 Lu Stock 100 Rich List released by Shandong Business Daily, Ma Hong ranked 43rd with a wealth creation value of 3.054 billion yuan. According to the 2022 China Chip Listed Companies Rich List released by Aijiwei, Ma Hong ranked 72nd with a wealth of 2.771 billion yuan.
Previously, the regulator had interviewed Ma Hong. In August 2022, Ma Hong received the "Decision on Taking Regulatory Talk Measures against Ma Hong, Zhao Fangyan and Gao Fei" issued by the Shandong Supervision Bureau of the China Securities Regulatory Commission. Due to the company's inaccurate disclosure when paying expenses for shares and purchasing wealth management products, Ma Hong, as the chairman and general manager of the company, failed to diligently fulfill his information disclosure obligations, so he needed to go to the regulatory bureau to accept a regulatory interview.
On October 10, 2022, the company issued a restricted stock incentive plan. According to the announcement, a total of 131 people were granted stock incentive objects, and because Ma Hong played an important role in the company's strategic planning, operation management, technology research and development, etc., Ruichuang Micro Nano granted it 4.4 million restricted shares, accounting for 24.23% of the total restricted stock incentive plan.
At the same time, Wang Hongchen and Chen Wenli, deputy general managers of the company, were also granted 4.4 million shares and 4.3 million restricted shares, and the total number of restricted shares obtained by the three reached 72.14%. According to the plan, incentive recipients can buy the company's shares at a price of 20 yuan per share, and if the average stock trading price of the previous day of the plan is 38.84 yuan per share, the yield per share will reach 48.51%.
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In December 2009, Ruichuang Micro-Nano was established. Before the listing, the company had a high concentration of customers, and its customers were mainly major central enterprise groups. According to its prospectus, from 2016 to 2018, after the merger of sales customers by the same controller, the company's sales to the top five customers totaled 51 million yuan, 116 million yuan and 281 million yuan respectively, accounting for 85.10%, 74.29% and 73.28% of the main business income respectively.
From 2016 to 2018, the largest customer of Ruichuang Micro-Nano was Hangzhou Hikvision Technology Co., Ltd. (hereinafter referred to as "Hangzhou Hikvision"). According to the prospectus, Hangzhou Hikvision is affiliated with China Electronics Technology Group.
Coincidentally, also on April 7, the official website of the Central Commission for Discipline Inspection and the State Supervision Commission released information that He Wenzhong, a member of the party group and deputy general manager of China Electronics Technology Group Co., Ltd., is suspected of serious violations of discipline and law, and is currently undergoing disciplinary review and supervision investigation by the Central Commission for Discipline Inspection and the State Supervision Commission.
According to the Science and Technology Innovation Board Daily, the staff of Ruichuang Micro-Nano Securities Department said that the company does not know the specific reasons why the actual controller and chairman Ma Hong was detained and filed a case. The company has not received a notice that the chairman of the board of directors is investigated and related to He Wenzhong of China Electronics, in addition, Hikvision is no longer the company's largest customer, and the company will further make an announcement if there is progress or conclusion in the future.
In July 2019, Ruichuang Micro-Nano was listed on the Science and Technology Innovation Board, and was one of the first 25 companies to be listed on the Science and Technology Innovation Board. The issue price of Ruichuang Micro-Nano was 20 yuan/share, and it closed at 50.20 yuan/share on the first day of listing, an increase of 151%.
The Company's main products are infrared detectors, movement components and thermal imaging cameras. Among them, the main customers of the detector are military machine or system manufacturers and civil security monitoring equipment enterprises, the main customers of the movement are military machine or system manufacturers, and the main customers of the whole machine are domestic and foreign outdoor products sales companies.
After the listing, the performance of Ruichuang Micro-Nano continued to fluctuate. From 2019 to 2020, the company's revenue continued to rise. In 2020, the company's revenue was 1.561 billion yuan, an increase of 128.06% year-on-year, and its net profit was 584 million yuan, an increase of 189.12% year-on-year.
However, from 2021 to 2022, Ruichuang Micro-Nano will fall into the dilemma of increasing revenue but not increasing profits. In 2021, the company's revenue increased by 14.02% year-on-year, but the net profit was 461 million yuan, a year-on-year decrease of 21.06%. In 2022, the company's revenue will soar, with a revenue scale of 2.646 billion yuan, a year-on-year increase of 48.62%, and a net profit of 313 million yuan, a year-on-year decrease of 32.05%.
According to its 2021 and 2022 annual reports, the decline in net profit was due to the decline in gross profit margin due to factors such as changes in the structure of sales products, as well as the increase in expenses related to R&D and market development.
In 2023, the company's net profit and revenue will both increase. In 2023, the revenue of Ruichuang Micro-Nano will reach 3.559 billion yuan, an increase of 34.50% year-on-year, and the net profit will be 500 million yuan, a year-on-year increase of 59.58%. The performance forecast said that in 2023, the company's orders will be restructured, and the revenue will increase significantly, and at the same time, due to the continuous optimization of products and customer structure, the resulting scale effect will make the company's profitability increase significantly.
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