Bestore(SH:603719) Nan Fang Du Shi Bao·2025-07-14 10:48Core Viewpoint - Company is facing a potential change in control due to ongoing negotiations involving its major shareholder, which has led to a suspension of trading and a significant expected loss in net profit for the first half of the year [1][2][8]. Group 1: Control Change and Trading Suspension - On July 10, the company's stock price surged by 10.73% to close at 13.71 yuan, followed by an announcement regarding a potential change in control due to major matters being planned by its controlling shareholder, Ningbo Hanyi [2]. - The company received a regulatory notice requiring clarification on the stock price surge related to the major matters disclosure [2]. - The trading suspension is expected to last until at least July 18, with the company unable to resume trading on July 15 as initially planned [2][6]. Group 2: Financial Performance and Losses - For the first half of the year, the company anticipates a net loss of between 75 million yuan and 105 million yuan, marking a significant downturn from previous performance [8][10]. - The company has experienced a decline in gross margin due to price reductions and adjustments in product structure, alongside a decrease in sales scale and net profit compared to the previous year [10]. - This marks the first time the company has reported a half-year loss since its listing, following a previous annual loss [10]. Group 3: Shareholder Structure and Management Changes - Ningbo Hanyi, established in August 2017, is the controlling shareholder, holding 38.22% of the company's shares as of June, with notable partners including Yang Hongchun and Yang Yinfeng [5]. - The company has seen changes in its executive team, with founder Yang Yinfeng resigning as chairman and CEO in March, and Yang Hongchun resuming the CEO role in April [6].