HZSY(600191) Chang Jiang Shang Bao·2025-04-17 00:17Core Viewpoint - Huazi Industrial (600191.SH) is set to change its actual controller to an agricultural leader, with the controlling shareholder Hainan Shengtai Chuangfa Industrial Co., Ltd. receiving an investment of 1.3 billion yuan from Binzhou Zhongyu Technology Investment Development Co., Ltd. [1][3] Group 1: Ownership Change - After the investment, Zhongyu Technology Investment will hold 55% of Shengtai Chuangfa, becoming its controlling shareholder, which indirectly gives it control over 145 million shares of Huazi Industrial, accounting for 29.90% of the total share capital [1][3] - The actual controller of Huazi Industrial will change from Zhang Wenguo to Song Minsong [1][3] Group 2: Financial Performance - In 2024, Huazi Industrial reported revenue of 516 million yuan, a year-on-year decrease of 19.09%, while net profit was 25.45 million yuan, an increase of 34.81% [1][8] - The company experienced a net loss of 1.89 million yuan after excluding non-recurring gains and losses, a decline of 113.19% year-on-year [1][8] - The revenue decline was attributed to industry adjustments, with the main revenue source being its wholly-owned subsidiary Yuwei Biological, which generated 466 million yuan in revenue [8] Group 3: Strategic Developments - Huazi Industrial is in a critical phase of strategic development, having invested heavily in the construction of a gellan gum project, with an additional investment of 110 million yuan planned for 2024 [9] - The project is expected to begin trial production in October 2024 and officially launch in April 2025 [8][9] - Due to these investments, Huazi Industrial does not plan to distribute dividends in 2024, marking three consecutive years without dividends since a 4.84 million yuan distribution in 2021 [9] Group 4: Market Reaction - Following the announcement of the ownership change, Huazi Industrial's stock price hit the daily limit, closing at 8.21 yuan per share, a rise of 10.05% [2][6]