吉艾科技借定增易主 业绩颓势待扭转

Core Viewpoint - Liu Jun is set to become the new actual controller of Jiai Technology (300309) through a share subscription, as the company faces significant operational challenges and consecutive losses since 2019 [1][5]. Group 1: Share Subscription Details - Jiai Technology plans to issue up to 265.8 million shares, aiming to raise approximately 548 million yuan, which will be used to supplement working capital and repay bank loans [2]. - The subscription includes 210.3 million shares from Gu Xu Industrial and 55.5 million shares from Yao Qing, the chairman and general manager of Jiai Technology [2]. - Gu Xu Industrial, established in May 2021 with a registered capital of 50 million yuan, is backed by Liu Jun, who is the actual controller [2][3]. Group 2: Historical Context and Performance - Liu Jun's intention to take control dates back to May 2020, when a share transfer agreement was signed for 174.2 million shares, representing 19.66% of the total share capital [3]. - The share transfer was later revised, reducing the number of shares to approximately 133 million, or 15% of the total [3]. - Following the completion of the current issuance, Gu Xu Industrial will hold 18.26% and Kun Zhan Industrial will hold 11.54%, with Liu Jun controlling a total voting power of 29.8% [3]. Group 3: Financial Performance Challenges - Jiai Technology has faced declining performance since 2019, with a reported revenue of approximately 1.182 billion yuan in 2019, a 37.03% increase year-on-year, but a net loss of about 1.191 billion yuan, a staggering 713.09% decline [5]. - In 2020, the company reported revenue of approximately 192 million yuan, an 83.76% decrease year-on-year, with a net loss of about 574 million yuan [5]. - The first quarter of this year also showed a net loss of approximately 94.9 million yuan, indicating ongoing financial struggles [6].