三元软包电池龙头孚能科技正式易主国资控股股东，业绩能否扭亏？

Core Viewpoint - The significant change in the controlling stake of Funeng Technology (孚能科技) has occurred, with Guangzhou Industrial Investment Holding Group becoming the new controlling shareholder, indicating a shift towards state-owned enterprise support for the company [1][5]. Shareholder Changes - Funeng Technology's share transfer agreement has been completed, resulting in Guangzhou Industrial Investment Holding Group and its affiliates holding a total of 172 million shares, accounting for 14.1550% of the company's total equity [2]. - The transfer involved a total of 61.105 million shares, representing a 5% stake, from Hong Kong Funeng and its affiliates to Guangzhou Industrial Investment Holding Group and its affiliates [2]. Company Background - Founded in 2009 in Ganzhou, Funeng Technology is a leading manufacturer of soft-pack power and energy storage batteries in China, recognized as one of the first companies to achieve mass production of ternary soft-pack power batteries [4]. - The company has faced significant financial challenges since its IPO in 2020, accumulating losses of 4 billion yuan over four years, with a current stock price around 12.4 yuan per share [4][8]. Financial Performance - Funeng Technology's revenue increased from 3.5 billion yuan in 2021 to 16.436 billion yuan in 2023, but net profits have consistently declined, with losses of 9.53 billion yuan in 2021, 9.27 billion yuan in 2022, and 18.68 billion yuan in 2023 [8]. - In the first three quarters of 2024, the company reported revenue of 9.212 billion yuan, a year-on-year decrease of 17.98%, while net losses narrowed to 304 million yuan, a year-on-year increase of 80.57% [8]. Future Prospects - With the entry of state-owned capital, there is potential for Funeng Technology to revitalize its operations, particularly in solid-state battery research and development, which may receive new funding support [9]. - The collaboration with Guangzhou Industrial Investment Holding Group could enhance synergies across the electric vehicle supply chain, potentially facilitating Funeng Technology's international expansion [9].