WSBE(SH:600421) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-20 19:42Core Viewpoint - The company is undergoing a significant share transfer involving its major shareholders, which may lead to uncertainties regarding the completion of the acquisition and potential risks for investors [1][6]. Group 1: Share Transfer Agreement - Zhejiang Hengshun Investment Co., Ltd. and its concerted party, Shanghai Tianji Investment Co., Ltd., signed a share transfer agreement with Hainan Bocheng Huineng Technology Center, involving the transfer of 25.01% of Huazhong Holdings' shares for a cash consideration of 450.4129 million yuan [1][6]. - As of the announcement date, the acquiring party has not secured the necessary funds for the acquisition, and the detailed equity change report has not been prepared, indicating significant uncertainty regarding the completion of the acquisition [1][6]. Group 2: Stock Price Fluctuations - The company's stock experienced a cumulative price deviation of 12% over three consecutive trading days (August 15, 18, and 19, 2025), which is classified as abnormal trading activity according to the Shanghai Stock Exchange rules [4][10]. - The stock has seen a short-term increase of 33.96% over six trading days from August 12 to August 19, 2025, prompting the company to caution investors about the potential for a price decline following significant short-term gains [2][10]. Group 3: Financial Performance - The company reported a projected net loss for the first half of 2025, with estimates ranging from -4 million to -2.7 million yuan, and a net profit excluding non-recurring items expected to be between -4.2 million and -2.8 million yuan [2][3]. - Due to the financial performance, the company's stock has been placed under a delisting risk warning since April 29, 2025, as it has triggered specific criteria outlined in the Shanghai Stock Exchange rules [2][3]. Group 4: Operational Status - The company conducted a self-inspection and confirmed that its production and operations are normal, with no significant changes in the market environment or industry policies [3][4]. - There are no undisclosed significant matters or information that could impact the company's stock trading, as verified by the company and its major shareholders [7][9].