ANCHE TECHNOLOGIES(SZ:300572) Chang Jiang Shang Bao·2025-08-08 00:07Core Viewpoint - Anchek Detection (300572.SZ), a leading company in the vehicle inspection sector, is undergoing a change in control, with the new controlling party potentially using this opportunity for a reverse merger to achieve a public listing [1][2][9]. Group 1: Ownership Change - The ownership change will occur in two phases: first, the current controlling shareholder, He Xian Ning, will transfer 6.43% of his shares to Shanghai Xirui Technology Co., Ltd. for 322 million yuan, and delegate voting rights for an additional 13.57% of shares to Xirui Technology [1][8]. - After the completion of the first phase, Xirui Technology will become the new controlling shareholder of Anchek Detection, holding a total of 20% of the voting rights [2][8]. Group 2: Financial Performance - Anchek Detection has faced significant financial challenges, reporting cumulative losses exceeding 300 million yuan from 2022 to 2024, following three consecutive years of losses [3][5]. - The company's revenue has stagnated, with figures of 473 million yuan, 448 million yuan, 462 million yuan, and 448 million yuan from 2021 to 2024, while net profit has drastically declined, with a 94.57% drop in 2021 and continued losses in subsequent years [5][6]. Group 3: Market Reactions and Expectations - The market reacted positively to the ownership change, with Anchek Detection's stock price rising by 11.87% before the trading halt and hitting the daily limit after resuming trading [8][9]. - There is speculation that Xirui Technology may abandon its direct IPO plans and instead pursue a reverse merger with Anchek Detection to achieve a public listing [12]. Group 4: Xirui Technology Overview - Xirui Technology, established in 2012, specializes in high-quality sensor products and has been seeking to go public since 2021, restarting its IPO guidance in 2023 [10][11]. - The company has a diverse product matrix and is involved in various sectors, including smart automotive, advanced manufacturing, and consumer electronics [10].