WISCOM(SZ:002090) Chang Jiang Shang Bao·2025-07-23 09:04Core Viewpoint - Jinzhiketech is undergoing a significant change in its controlling shareholder, transitioning from Jiangsu Jinzhigroup to Nanjing Zhidi and Zhejiang Zhiyong, marking the end of its "ownerless" status [1][2]. Shareholder Changes - Jiangsu Jinzhigroup plans to transfer a total of 16.01% of its shares in Jinzhiketech, with Nanjing Zhidi acquiring 9.08% and Zhejiang Zhiyong acquiring 6.93% [1][2]. - After the transfer, Jinzhigroup's shareholding will decrease to 5.84%, and Nanjing Zhidi will become the new controlling shareholder [1][2]. Financial Details - The share price for the transaction is set at 11 yuan per share, totaling approximately 705 million yuan [2]. - Jinzhigroup has committed to ensuring the stability of the current management and maintaining sufficient operational funds of no less than 300 million yuan [2]. Company Performance - Jinzhiketech reported a revenue of 1.773 billion yuan in 2024, a year-on-year increase of 9.7%, and a net profit of 72.27 million yuan, up 19.46% [3]. - In Q1 2025, the company experienced a revenue decline of 22.56% to 311 million yuan, attributed to the transfer of Beijing Yipu's 51% stake and a decrease in revenue from the smart city business [3]. - As of March 2025, accounts receivable decreased by 14% to 678 million yuan compared to the end of 2024, indicating improved cash collection efforts [3].