600421，再次筹划“卖身”

Core Viewpoint - *ST Huaron is once again planning a change of control after a failed attempt six months ago, with its major shareholders Zhejiang Hengshun Investment Co., Ltd. and Shanghai Tianji Investment Co., Ltd. negotiating a share transfer agreement that may lead to a change in control [1][2] Group 1: Control Change and Share Transfer - The company has suspended trading since August 5, with the suspension expected to last no more than two trading days [1] - Previous attempts to transfer control were unsuccessful, with a planned transfer last year terminated just four days after the announcement [2] - The latest share transfer agreement involved Shanghai Tianji attempting to transfer 9.78 million shares to Beisoft Intelligent Technology (Zhejiang) Co., Ltd., but this was also terminated [2] Group 2: Financial Performance and Losses - *ST Huaron has faced continuous operational difficulties, reporting a net profit loss for eight consecutive years since 2016, with total losses exceeding 40 million yuan [1][4] - The company reported net losses of 886.37 million yuan, 648.71 million yuan, 827.95 million yuan, and 468.38 million yuan from 2021 to 2024, totaling over 28 million yuan in losses [4] - The company has triggered delisting indicators due to net profit losses and revenue below 300 million yuan, with a reported revenue of 117 million yuan last year [5] Group 3: Business Transformation Efforts - To address its financial struggles, *ST Huaron is seeking to transform its business from traditional construction to the wind power mixed tower mold market, primarily through its subsidiary Zhejiang Zhuangchen Construction Technology Co., Ltd. [6] - The company has increased its stake in Zhejiang Zhuangchen to 85% and plans to support its transformation into non-construction mold business [6] - Despite these efforts, the company continues to face challenges, with expected net losses of 2.7 million to 4 million yuan for the first half of this year due to intense competition and low demand in the traditional mold market [6]