Huakai Yibai(300592) 证券时报网·2024-11-25 01:20Core Viewpoint - Huakai Yibai (300592.SZ) has reached a significant milestone in governance structure and strategic development with a change in its major shareholder and actual controller, indicating a shift towards a more professional management team in the cross-border e-commerce sector [1][4]. Group 1: Shareholder Changes - The largest shareholder, Luo Ye, transferred part of her shares to Hu Fan Jin and Zhuang Jun Chao, resulting in the company having no controlling shareholder or actual controller [1]. - Following the share transfer, Hu Fan Jin and Zhuang Jun Chao became the largest shareholders with a combined holding of 20.16% [4]. - The management team has undergone significant changes, with Hu Fan Jin taking over as the new chairman and several new board members being appointed [4]. Group 2: Business Transformation - Huakai Yibai transitioned from being primarily involved in space environment art design to focusing on cross-border e-commerce after acquiring Yibai Network in 2019 [2][3]. - The company completed the acquisition of the remaining 10% of Yibai Network in June 2022, making it a wholly-owned subsidiary [3]. - The return of the founding team of Yibai Network is expected to positively impact the long-term development of Huakai Yibai [4]. Group 3: Acquisition of Tongtuo Technology - Huakai Yibai completed the acquisition of Tongtuo Technology for 700 million yuan, which is seen as a strategic move to enhance its influence in the cross-border e-commerce sector [6]. - Despite Tongtuo Technology's current losses, the acquisition price is considered low compared to market averages, suggesting a potential bargain [7]. - The complementary product categories between Huakai Yibai and Tongtuo Technology could lead to increased operational efficiency and sales growth [8].