Guanghua Technology: CFO Cai Wen is under investigation by the CSRC for suspected insider trading and is currently still performing her duties normally.

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On the evening of April 1, Guanghua Technology (002741.SZ) issued an announcement regarding the company’s directors and senior management receiving a notice of case filing from the China Securities Regulatory Commission.

The announcement states that the company received a notice from director and senior management Cai Wen on April 1, 2026, indicating that on March 31, 2026, she received a “Notice of Case Filing” (No.: Zhengjian Filing Zi 0382026072) issued by the China Securities Regulatory Commission (hereinafter referred to as “CSRC”). According to the Securities Law of the People’s Republic of China, the Administrative Penalty Law of the People’s Republic of China, and other laws and regulations, the CSRC has decided to file a case against Cai Wen for suspected insider trading.

Guanghua Technology emphasizes that this case filing investigation is a personal investigation of Cai Wen and is unrelated to the company’s daily operations, management, and business activities, and does not involve trading of the company’s stock. She is currently still performing her duties normally. Cai Wen stated that she will actively cooperate with the CSRC’s investigation. The company will continue to monitor the progress of the matter and will fulfill its information disclosure obligations in a timely manner in accordance with relevant laws and regulations.

According to the information disclosed by the company, Cai Wen, 53 years old, graduated from Tianjin Business College with a major in Accounting, holds a Bachelor’s degree in Economics, intermediate accountant title, Certified Public Accountant, and Registered Tax Agent. She previously served as a project manager at Guangdong Yangcheng Certified Public Accountants. Since 2008, she has been employed by the company and currently serves as a director and Chief Financial Officer, with a term from September 3, 2010, to September 2, 2028. As of the end of the period, she held 250k shares, and in 2025, she received a pre-tax remuneration of 903.1k yuan from the company, an increase of 50.6k yuan compared to 2024’s 852.5k yuan.

Guanghua Technology’s 2025 annual report shows that in 2025, the company achieved operating revenue of 250k yuan, a year-on-year increase of 14.5%; net profit attributable to shareholders of the listed company was 104 million yuan, a year-on-year increase of 150.7%, turning from loss to profit; net profit attributable to shareholders after deducting non-recurring gains and losses was 103 million yuan, a year-on-year increase of 162.75%, also turning from loss to profit; and the net cash flow from operating activities was 18.8081 million yuan, turning positive from negative.

It is worth noting that the company had previously received a warning letter from the Guangdong Securities Regulatory Bureau on October 21, 2025.

The warning letter stated that on November 19, 2024, Yang Rongzheng, secretary of Guanghua Technology’s board of directors, during an online communication meeting organized by a securities analyst, disclosed non-public information about the company’s lithium sulfide production capacity, expected performance in 2024, and other operational and financial information, some of which could significantly impact the company’s stock trading price.

Guanghua Technology did not disclose this information in a timely manner. Only after the information was spread online did the company issue a “Notice on Related Matters” on December 6, 2024, to disclose and clarify.

The Guangdong Securities Regulatory Bureau believes that the above behavior violated regulations. Yang Rongzheng, secretary of the board of Guanghua Technology, failed to perform his duties diligently and responsibly as required, and bears primary responsibility for the company’s violations. The bureau decided to issue a warning letter to Guanghua Technology and Yang Rongzheng as an administrative regulatory measure.

Data shows that Guangdong Guanghua Technology Co., Ltd. is an advanced professional chemical service provider integrating product research and development, production, sales, and service. The company focuses on high-performance electronic chemicals, high-quality chemical reagents and line-specific chemicals, new energy materials, and the secondary utilization and recycling of retired power batteries, while also providing customized development and technical services for other specialized chemicals.

The Paper News Reporter Li Xiaoqing