GREENSUM ECOLOGY(SZ:300948) Chang Jiang Shang Bao·2025-09-30 08:57Core Viewpoint - Crown Eco (300948.SZ) is undergoing a change in control, with its major shareholder, Qingdao Crown Investment Group, planning to transfer 15.55% of its shares to Hangzhou Deep Blue Financial Whale AI Technology Partnership, marking a significant shift in ownership and strategy for the company [1][3]. Group 1: Ownership Change - The transfer of shares will occur in two phases, with the first phase involving the transfer of 10.50% of shares at a price of 15 CNY per share, representing a 33.93% premium over the last closing price [5][4]. - After the first phase, the current shareholders will relinquish voting rights for 33.74% of the remaining shares for a period of 36 months to facilitate the new owner's control [4][3]. - The actual controller, Li Chunlin, and his partner will cash out over 300 million CNY from this transaction [1][5]. Group 2: Financial Performance - Crown Eco has faced declining profits since its IPO in 2021, with net profits decreasing from 780 million CNY in 2021 to a projected loss of 71 million CNY in 2024 [7][8]. - The company's revenue has also seen a significant drop, with a 61.46% decline in 2024 compared to the previous year [7][8]. Group 3: Strategic Acquisition - Concurrently with the ownership change, Crown Eco plans to acquire 51% of Hangzhou Actuary AI Technology Co., with a valuation not exceeding 560 million CNY, aiming to diversify its business into digital financial services [9][10]. - This acquisition is expected to create a dual business model of "ecological restoration + financial digitalization," potentially improving the company's financial outlook [2][10].