WSBE(SH:600421) Mei Ri Jing Ji Xin Wen·2025-08-06 13:34Core Viewpoint - The announcement of a change in control for *ST Huaron has drawn attention in the capital market, with Hainan Bocheng planning to acquire a 25% stake from Zhejiang Hengshun Investment and Shanghai Tianji Investment, valued at approximately 325 million yuan [2]. Group 1: Company Background - *ST Huaron's total market value is around 1.3 billion yuan as of August 6, with the 25% stake being valued at approximately 325 million yuan [2]. - The incoming controller, Lin Moshun, is not new to the capital market and has interests in various companies, including Xiamen Beifan Zhisheng Investment and Shanghai Bocheng Information Technology [2]. Group 2: Financial Performance - *ST Huaron has reported continuous losses from 2021 to 2024, with net profits of -8.86 million yuan, -6.49 million yuan, -8.28 million yuan, and -4.68 million yuan, totaling over 28 million yuan in losses [3]. - The company has experienced nine consecutive years of losses in non-recurring net profit, accumulating over 60 million yuan in losses from 2016 to 2024 [3]. Group 3: Current Situation - In the first half of the current year, *ST Huaron expects a net profit loss of between 2.7 million yuan and 4 million yuan, with a non-recurring net profit loss of between 2.8 million yuan and 4.2 million yuan [4]. - The losses are attributed to intense competition in the traditional mold industry and the exploratory phase of its subsidiary, Hangzhou Huaron Beiruan Technology, which is currently incurring losses [4].