HYM(SZ:002529) Bei Jing Shang Bao·2025-03-30 11:25Core Viewpoint - The control of Haiyuan Composite Materials (002529) is set to change hands to Liu Hongchao, Ding Lizhong, and Liu Hao, with the stock resuming trading on March 31 after a brief suspension [1][3]. Group 1: Share Transfer Details - Jiangxi Saiwei Electric Group, the current controlling shareholder, will transfer 14.2981% of its shares to New Yu Jin Zixin Enterprise Management Center (Limited Partnership) for approximately 350 million yuan at a price of 9.42 yuan per share [3][4]. - After the transfer, Jin Zixin will hold 37.175 million shares, representing 14.2981% of the total shares, while Saiwei Electric will retain 10 million shares, or 3.8462% [3][5]. Group 2: New Controlling Shareholders - Liu Hongchao, Ding Lizhong, and Liu Hao are not new to the capital market, having previously attempted an IPO with their company, Ziguang Lighting, which later transformed into Zichuang Guangke Group [6][7]. - The new controlling shareholders have a background in various industries, including petrochemicals, electricity, and new energy, which may align with Haiyuan's business operations [6][8]. Group 3: Financial Performance and Risks - Haiyuan Composite Materials has faced continuous net losses, with projected net profits for 2024 expected to remain negative, ranging from -169 million to -130 million yuan [8][9]. - The company is at risk of being delisted due to its financial performance, as it anticipates revenues below 300 million yuan after excluding non-core business income [9].