A-Zenith(SH:603389) Di Yi Cai Jing·2025-05-21 12:12Core Viewpoint - *ST Yazhen (603389.SH) is experiencing a significant stock price surge despite facing a delisting risk due to continuous losses exceeding 400 million yuan over four years, with a recent increase of over 60% since May 6, 2023 [2][3] Group 1: Stock Performance - The stock has achieved 10 consecutive daily price limits since May 6, resulting in a cumulative increase of over 60% [2][3] - As of May 21, the stock price rose by 2.68%, closing at 10.34 yuan per share [2] - The stock's price increased from 5.02 yuan to 6.94 yuan between April 8 and April 17, prior to the announcement of favorable news [8] Group 2: Financial Performance - The company reported a total revenue of 202 million yuan and a net loss of 117 million yuan for 2024, with a cumulative loss exceeding 400 million yuan from 2021 to 2024 [3] - The net profits for the years 2021 to 2024 were losses of 66.83 million yuan, 89.29 million yuan, 129.1 million yuan, and 117 million yuan respectively [3] Group 3: Shareholder Changes and Market Activity - The controlling shareholder is in the process of transferring 29.99996% of shares to Wu Tao and his associates, which may lead to a change in control of the company [3][4] - Wu Tao, an experienced player in the capital market, is expected to provide support in liquidity, management, and asset structure [4] - The stock has attracted significant interest from retail investors and institutions, with multiple brokerage firms actively participating in trading [5][7] Group 4: Insider Trading Allegations - There are suspicions of insider trading due to the stock's price increase prior to the announcement of the share transfer [8] - The company has denied these allegations, stating that the stock's ownership is concentrated, with Shanghai Yazhen Investment Co., Ltd. holding approximately 55.12% of shares [8]