GREENSUM ECOLOGY(SZ:300948) Chang Jiang Shang Bao·2025-09-23 04:19Core Viewpoint - The company, Guanzhong Ecological (300948.SZ), is experiencing a significant decline in performance and stock price, leading to a potential change in control as the actual controllers plan to sell the company [2][4]. Group 1: Company Performance - Guanzhong Ecological has seen continuous revenue decline since its IPO, with revenues of 4.53 billion, 3.77 billion, and 1.45 billion from 2022 to 2024, representing a year-on-year decrease of 28.02%, 39.23%, and 307.48% respectively [4][5]. - The net profit has also decreased for three consecutive years, with figures of 562.35 million, 341.72 million, and a loss of 709 million from 2022 to 2024 [4][5]. - In the first half of 2025, the company reported revenue of 525.09 million, a year-on-year decrease of 52.33%, and a net loss of 3.19 million, indicating a shift from profit to loss [5]. Group 2: Shareholder Actions - The controlling shareholder, Guanzhong Investment, holds a 29.79% stake, while the actual controllers, Li Chunlin and Xu Jianping, hold a combined 44.24% of the shares [2]. - Recently, a significant shareholder, Yang Enguang, announced a plan to reduce his holdings by up to 207.67 million shares, which is 1.48% of the total share capital, within three months [2]. - Yang Enguang acquired a 6% stake in the company in June 2024 through a share transfer from Li Chunlin's family at a price of 8.5 yuan per share [3]. Group 3: Stock Price Movement - The stock price peaked at 47.58 yuan shortly after the IPO but has since fallen to 11.2 yuan, representing a decline of over 75% from its highest point [4][5]. - The stock has been suspended from trading since September 22, with the suspension expected to last no more than two trading days [2].