GXSH(SZ:000716) Mei Ri Jing Ji Xin Wen·2025-08-04 08:03Core Viewpoint - The company "Heizhima" is undergoing a significant change in ownership, with its controlling shareholder planning to transfer approximately 20% of its shares to a state-owned enterprise in the Guangxi region, which may lead to a change in control of the company [4]. Company Overview - Founded in 1984, Heizhima Group is a large private enterprise focusing on the black sesame industry, integrating research, production, and sales of health products [7]. - Heizhima is listed on the Shenzhen Stock Exchange and is recognized as the first stock in China's black sesame industry, with its "Southern Black Sesame Paste" being a well-known brand in China [7]. Recent Developments - As of August 1, the company's stock price increased by 4.81%, closing at 6.54 yuan per share, with a total market value of 4.928 billion yuan [8]. - The company has faced scrutiny from the Guangxi Securities Regulatory Bureau due to issues such as non-operating fund occupation by controlling shareholders and inadequate corporate governance [11]. Financial Performance - In Q1 2025, the company reported a revenue of 442 million yuan, a year-on-year decrease of 3.74%, with a net profit of only 2.25 million yuan [11]. - From 2018 to 2022, the company's net profit declined from 59.91 million yuan to a loss of 140 million yuan, indicating a continuous deterioration in profitability [11]. Strategic Challenges - The company has attempted various cross-industry expansions, including investments in health drinks and baked goods, but these efforts have not reversed the declining performance [12]. - In 2023, the company announced plans to invest 3.5 billion yuan in lithium battery production but later decided to pause this project to refocus on the health food industry [12][13]. - The market share of its core product has significantly decreased, from 60% in the past to a projected 34.6% of revenue in 2024 [13].