Beijing New Space Technology (SH:605178) Guo Ji Jin Rong Bao·2025-07-30 02:47Core Viewpoint - Beijing New Space Technology Co., Ltd. (referred to as "New Space Technology", 605178.SH) announced the termination of control change plans due to failure to reach agreement on core terms with its controlling shareholder, Gong Lanhai [2][3] Company Overview - New Space Technology specializes in lighting engineering system integration, cultural tourism night tour innovation development, and smart city-related businesses, and was listed on the Shanghai Stock Exchange in August 2020 [4] Financial Performance - The company has reported continuous losses since its listing, with net profits for 2021-2024 being -20 million, -212 million, -204 million, and -266 million respectively [5] - For the first half of 2025, the company expects a net profit loss of between -75 million and -61 million, indicating continued losses compared to the same period last year [5] Shareholding Changes - Gong Lanhai holds 37.45% of the company's shares, making him the controlling shareholder [5] - Recent changes in the top ten shareholders include three new institutional or individual investors who have significantly increased their holdings [5][6] - As of July 11, 2023, the new shareholders include Yuekai Securities, UBS AG, and Morgan Stanley, holding 3.51%, 1.43%, and 0.87% of shares respectively [5][6] Stock Performance - Prior to the suspension of trading, the stock price of New Space Technology had shown significant upward movement, with a cumulative increase of 42.11% over seven trading days, reaching a closing price of 27.64 yuan, a new high in one and a half years [6][7]