Daqian(SH:603955) Xin Hua Wang·2025-08-12 05:47Core Viewpoint - Daqian Ecological (603955) has experienced significant stock price fluctuations, with a recent announcement highlighting a potential change in control due to a share transfer agreement, raising investor concerns about trading risks [1][2][4]. Financial Summary - For the period from January to September 2023, Daqian Ecological reported a revenue of 92.53 million yuan, representing a 50.97% decrease compared to the same period last year [1]. - The company's latest rolling P/E ratio is 152.25, and the P/B ratio is 1.65, both exceeding the industry averages of 6.08 and 0.59, respectively [1]. Share Transfer Agreement - The controlling shareholder, Daqian Investment, plans to transfer 23.19 million shares, accounting for 17.09% of the total issued shares, to Tian Sheng Yi He, resulting in a change of control [3]. - The agreed transaction price is 23.21 yuan per share, totaling 538 million yuan, which represents a premium of 28% over the last closing price of 18.07 yuan per share before trading suspension [4]. - If calculated based on the closing price of 14.94 yuan per share prior to the recent price surge, the premium would be as high as 55% [4]. Trading Activity - Prior to the announcement of the share transfer agreement, Daqian Ecological's stock price had already begun to rise, with two consecutive trading days of price increases recorded on January 11 and 12 [2]. - The top five buying seats during the price surge were primarily from brokerage firms in Jiangsu, with total purchases amounting to approximately 28.72 million yuan [2]. Uncertainties - The completion of the share transfer is subject to approval from the company's shareholders' meeting and regulatory compliance, introducing uncertainties regarding the transaction [4][5].