扣非净利连亏九年，*ST华嵘“卖身”失败再找接盘方

Core Viewpoint - *ST Huaron is facing significant challenges, including failed control transfers and share auctions, while its financial performance continues to deteriorate, raising concerns about its future viability [1][2][5]. Group 1: Control Transfer and Share Auction - The company is once again planning a control transfer after a previous attempt failed six months ago, with its major shareholders Zhejiang Hengshun and Shanghai Tianji in discussions for a share transfer agreement [1][2]. - The previous control transfer attempt was halted due to a lack of agreement with the counterparty, and a subsequent share transfer to Beisoft Smart Technology was also terminated [2][3]. - Recently, shares held by significant shareholders were put up for auction but failed to attract any bids, leading to a complete failure of the auction [3]. Group 2: Financial Performance - The company has reported continuous losses, with net profits declining from 2021 to 2024, totaling over 2.8 million yuan in losses, and non-recurring net profits have been in the red for nine consecutive years, accumulating losses exceeding 46 million yuan [4][5]. - Due to these ongoing losses, the company is on the brink of delisting, having triggered delisting indicators under new regulations, with reported revenues of only 1.17 billion yuan last year [5]. Group 3: Business Transformation Efforts - In an attempt to reverse its fortunes, the company is shifting from traditional construction to the wind power mixed tower mold market, primarily through its subsidiary Zhejiang Zhuangchen [6]. - Despite these efforts, the company has not seen significant improvement in its financial situation, with ongoing losses expected in the first half of the year due to intense competition and low demand in its traditional mold market [6].