ZOWEE(SZ:002369) Chang Jiang Shang Bao·2025-04-15 00:27Core Viewpoint - The actual controller of Zhuoyue Technology, Xia Chuanwu, may lose control of the company due to his conviction for securities market manipulation and insider trading, resulting in a 7-year prison sentence and a fine of 45 million yuan [1][7]. Company Situation - Zhuoyue Technology has reported continuous net losses over the past five years, accumulating losses exceeding 1.475 billion yuan [3][11]. - As of the end of Q3 2024, the company's debt ratio reached a record high of 77.28% [4][11]. - The company anticipates a net loss of 175 million to 225 million yuan for 2024, with a narrowed loss attributed to strategic adjustments and improved internal management [10]. Shareholder Changes - Xia Chuanwu's shares, totaling 70.7539 million, which account for 97.84% of his holdings, are subject to auction, potentially leading to a change in the company's actual controller [4][8]. - The company has stated that the change in actual control will not significantly impact its operations [5][8]. Legal Proceedings - Xia Chuanwu has appealed the first-instance judgment, and the final outcome will depend on the higher court's decision [2][7]. - The company has faced regulatory scrutiny, with past penalties imposed for insider trading and market manipulation [6][7].