Zheng Quan Shi Bao·2025-08-19 15:32Core Viewpoint - The company is undergoing a potential change in control due to the planned transfer of 99% of the fund shares held by a significant partner, which may lead to a shift in the actual controller of the company [1][3]. Company Developments - The company has received a notification from its controlling shareholder regarding the potential transfer of shares, which could result in a change of actual control [1]. - Currently, the company is in discussions with interested parties regarding specific transaction plans, but no agreements have been signed yet [3]. - To ensure fair information disclosure and avoid abnormal stock price fluctuations, the company has applied for a trading suspension of its stock and convertible bonds starting August 20, 2025, for up to two trading days [3]. Financial Performance - In 2024, the company reported a revenue of 807.373 million yuan, a year-on-year decrease of 7.41%, and a net loss attributable to shareholders of 257.269 million yuan [4]. - The loss was primarily due to weak demand from some downstream customers, intensified industry competition, and cost overruns on certain projects, leading to reduced main business income and declining gross margins [4]. - Despite significant operational pressure, the company improved its net cash flow from operating activities by 65.19% year-on-year, demonstrating strong risk management capabilities [4]. Market Information - As of August 19, the company's stock closed at 23.03 yuan per share, with a total market capitalization of 10.366 billion yuan [5].