Core Viewpoint - The company, Great Wall Technology, announced the termination of its planned control change due to a lack of consensus with the transaction party during the suspension period [1]. Company Overview - Great Wall Technology (stock code: 603897) is primarily engaged in the research, production, and sales of electromagnetic wires [3]. - The company was listed on April 10, 2018, and its main product is electromagnetic wire [3]. Financial Performance - For the first three quarters of 2025, the company reported a revenue of 9.44 billion yuan, a year-on-year decrease of 0.7% [3]. - The net profit attributable to shareholders was 215 million yuan, reflecting a year-on-year increase of 13.8% [3]. - The net profit excluding non-recurring gains and losses was 207 million yuan, up 12.5% year-on-year [3]. - In the third quarter, the company recorded a revenue of 3.16 billion yuan, down 0.92% year-on-year [5]. - The net profit attributable to shareholders for the third quarter was 77.64 million yuan, an increase of 5.82% year-on-year [5]. - The net profit excluding non-recurring gains and losses for the third quarter was 75.90 million yuan, down 1.86% year-on-year [5]. Stock Market Activity - Prior to the suspension, the stock price of Great Wall Technology was 26.53 yuan per share, with a total market capitalization of approximately 5.48 billion yuan [5]. - The company's stock price has increased by over 20% year-to-date [5].

Core Viewpoint - The control change plan of Great Wall Technology has been terminated, and the company's stock will resume trading on November 10 [1] Group 1: Control Change Plan - Great Wall Technology announced the termination of its control change plan on November 7, following discussions with its actual controllers Gu Linxiang and Shen Baozhu [1] - The company had previously suspended its stock trading on November 3 due to the potential transfer of shares that could lead to a change in control [1] - Despite thorough discussions during the suspension period, the parties involved could not reach a consensus on key matters, leading to the decision to terminate the significant transaction [1]

Core Viewpoint - The company, Changcheng Technology, announced a potential change in control on November 3, 2025, but subsequently terminated the plan on November 7, 2025, after failing to reach consensus with the trading counterpart [1][2]. Group 1: Control Change Announcement - On November 3, 2025, Changcheng Technology announced that its actual controllers, Gu Linxiang and Shen Baozhu, were planning a significant matter that could lead to a change in control, resulting in a temporary suspension of trading [1]. - The company indicated that the actual controllers were actively promoting the major matter, leading to an extended suspension of trading beyond the initially expected period [1][2]. - The final announcement on November 7, 2025, revealed that after thorough discussions, the parties decided to terminate the planning of the control change due to a lack of consensus on core issues [1]. Group 2: Company Overview - Changcheng Technology specializes in the research, production, and sales of electromagnetic wires, with applications in electric motors, appliances, and other areas involving energy conversion [2]. - The company is one of the leading manufacturers of similar products in China, with sales ranking among the top in the domestic industry [3]. - For the first three quarters of 2025, Changcheng Technology reported a revenue of 9.443 billion yuan, remaining stable year-on-year, and a net profit attributable to shareholders of 215 million yuan, reflecting a year-on-year growth of 13.8% [3]. Group 3: Shareholder and Market Information - As of the end of the third quarter of 2025, Changcheng Technology had approximately 27,800 shareholders [4]. - As of October 31, 2025, the company's market capitalization was around 5.5 billion yuan [4].

Group 1: Commodity and Technology Markets - The China Securities Regulatory Commission has approved the registration of platinum and palladium futures and options at the Guangzhou Futures Exchange, ensuring a smooth launch and stable operation [1] - Omdia's research indicates that global tablet shipments are expected to reach 40 million units in Q3 2025, marking a 5% year-on-year increase, driven by strong demand in the Middle East and Central Europe [1] - CINNO Research reports a general decline in demand for LCD TV panels in November, with significant price drops expected for large-size panels, particularly a $10 decrease for 98"/100" panels [1] Group 2: Smartphone and Consumer Behavior - IDC's report shows that China's smartphone shipments in Q3 2025 are approximately 68.46 million units, reflecting a 0.5% year-on-year decline, continuing a downward trend [2] - A report on Z generation consumer behavior during the "Double Eleven" shopping festival reveals that about 40% of young people plan to increase their spending budget for 2025 [2] Group 3: Automotive and New Energy - The auction volume of second-hand new energy vehicles in China has increased by 52.6% in the first three quarters of the year, with total transaction value expected to exceed 10 billion yuan [3] - The auction model is facilitating the flow of second-hand vehicles from oversupplied first- and second-tier cities to demand-rich third- and fourth-tier cities [3] Group 4: Corporate Developments - Tesla's CEO Elon Musk's 10-year compensation plan has been approved, potentially allowing him to earn nearly $1 trillion in stock if he meets stringent performance targets [4] - OpenAI's CEO Sam Altman announced that GPT-6 is expected to achieve a "qualitative leap" compared to previous models [4] Group 5: Market and Regulatory Updates - The China Consumers Association has highlighted quality issues with trendy toy products, leading to increased consumer complaints regarding product defects and poor after-sales service [5] - Several companies, including Shanghai Xiba and Bayi Steel, are facing regulatory scrutiny for suspected violations related to information disclosure and short-term trading [5][5]

证券代码：603897 证券简称：长城科技 公告编号：2025-029 浙江长城电工科技股份有限公司 公司于近日收到公司实际控制人顾林祥先生、沈宝珠女士的通知，顾林祥先 生、沈宝珠女士正在筹划公司股份协议转让事宜，该事项可能导致公司控制权发 生变更。鉴于上述事项尚存在重大不确定性，为保证公平信息披露，维护投资者 利益，避免公司股价异常波动，根据《上海证券交易所上市公司自律监管指引第 4 号——停复牌》、《上海证券交易所股票上市规则》等相关规定，经向上海证券交 易所申请，本公司股票已于 2025 年 11 月 3 日（星期一）开市起停牌，具体内容 详见公司于 2025 年 11 月 3 日在指定信息披露媒体及上海证券交易所网站 （http://www.sse.com.cn）披露的《关于筹划控制权变更事项的停牌公告》（公 告编号：2025-027）。鉴于事项在推进阶段，公司预计无法在 2025 年 11 月 5 日（星 期三）开市起复牌，根据相关规定，经公司向上海证券交易所申请，公司股票已 于 2025 年 11 月 5 日（星期三）开市起继续停牌，预计继续停牌时间不超过 3 个 交易日。具体内容详见公司于 20 ...

Group 1 - The actual controllers of the company, Gu Linxiang and Shen Baozhu, are planning a share transfer agreement that may lead to a change in the company's control [2] - Due to multiple involved matters and a lack of consensus on core issues with the transaction counterpart, both parties have decided to terminate the planning of this significant matter [2] - The company's stock will resume trading on November 10, 2025, at the opening of the market [2]

Core Viewpoint - Great Wall Technology (603897.SH) announced that its actual controllers, Gu Linxiang and Shen Baozhu, are planning a share transfer agreement that may lead to a change in the company's control [1] Group 1: Share Transfer and Control Change - The actual controllers have notified the company about their plans for a share transfer agreement [1] - The discussions regarding the control change were extensive, but the parties involved could not reach a consensus on key issues [1] - As a result of the lack of agreement, the parties decided to terminate the planning of this significant matter [1] Group 2: Stock Suspension and Resumption - The company's stock has been suspended during the negotiation period [1] - The stock is scheduled to resume trading on November 10, 2025, at the opening of the market [1]

Core Viewpoint - Great Wall Technology (603897.SH) announced that its actual controllers, Gu Linxiang and Shen Baozhu, are planning a share transfer agreement that may lead to a change in company control [1] Group 1 - The actual controllers have notified the company about their plans for a share transfer agreement [1] - During the suspension period, the actual controllers discussed the control change extensively but did not reach a consensus with the counterparties on key issues [1] - The parties involved have decided to terminate the planning of this significant matter after careful consideration [1] Group 2 - The company's stock is set to resume trading on November 10, 2025, at the opening of the market [1]

Group 1 - On November 6, 14 stocks including Great Wall Technology, Yintang Zhikong, and Victory Shares were suspended from trading [1]

Core Viewpoint - Longcheng Technology announced that its stock will continue to be suspended from trading starting November 5, 2025, with an expected suspension period not exceeding three trading days [1] Summary by Relevant Sections - **Company Announcement** - Longcheng Technology has applied to the Shanghai Stock Exchange for a continuation of its stock suspension [1] - The suspension is set to begin on November 5, 2025, and is anticipated to last no more than three trading days [1]