2 1 Shi Ji Jing Ji Bao Dao·2025-09-30 13:31Market Overview - In the two trading days before the National Day holiday (September 29-30), all three major A-share indices rose collectively, with the Shanghai Composite Index closing at 3882.78 points, up 1.43% for the week; the Shenzhen Component Index at 13526.51 points, up 2.40%; and the ChiNext Index at 3238.16 points, up 2.75% [1] - Over 63% of stocks achieved gains during the week, with 161 stocks rising over 10% and 20 stocks declining over 10%. Among the sectors, 25 sectors including non-ferrous metals, electric equipment, steel, and real estate saw increases, while 6 sectors including banking, coal, and telecommunications experienced declines [1] Top Gainers - The top-performing stock, Crown Eco (300948.SZ), surged by 44.02% for the week, followed by Pinming Technology (688109.SH) with a 42.33% increase. Other notable gainers included New Ray Energy (300593.SZ), Hunan Yunen (301358.SZ), and Changhua Chemical (301518.SZ), all with weekly gains exceeding 30% [2] Crown Eco Company Profile - Crown Eco operates in the landscape engineering sector, focusing on ecological environment construction, including vegetation restoration, soil and water conservation, and water environment governance. The company also engages in municipal engineering and sanitation services [3] - Following its resumption of trading on September 29, Crown Eco recorded two consecutive 20% daily price increases, culminating in a total rise of 44.02%, with a closing price of 16.13 yuan per share and a total market capitalization of 2.3 billion yuan [3] Shareholder Changes - Crown Eco announced a change in its controlling shareholder to Deep Blue Whale, whose main assets include an AI financial tax model. The transfer agreement involves Crown Investment transferring a total of 15.5% of shares to Deep Blue Whale in two phases [4] - After the completion of the first phase of the share transfer, Deep Blue Whale will become the controlling shareholder, with Jin Chunping as the actual controller [4] Acquisition Plans - Crown Eco signed a letter of intent to acquire 51% of Hangzhou Actuary's equity for a cash payment, with a total valuation not exceeding 560 million yuan. The transaction will grant Crown Eco control over the target company, which focuses on digital services for enterprises and has developed an AI financial tax model [5] - In terms of performance, Crown Eco reported a revenue of 52.51 million yuan for the first half of 2025, a year-on-year decline of 52.33%, with a net loss of 3.186 million yuan [5] Top Losers - The worst-performing stock, ST Meichen (300237.SZ), fell by 19.88%, with other significant decliners including Huarsoft Technology (002453.SZ) and New Light Optoelectronics (688011.SH), all experiencing declines of over 15% [7] - ST Meichen operates in the automotive parts industry, focusing on fluid transport systems and suspension damping systems. The stock closed at 2.58 yuan per share, with a total market capitalization of 3.7 billion yuan [8] Financial Misconduct - ST Meichen faced penalties for inflating profits by 658 million yuan from 2014 to 2018, leading to its stock being placed under risk warning. The company reported a significant discrepancy in its financial statements, with inflated revenues totaling 1.438 billion yuan [10] - Despite the financial irregularities, the company indicated that its actions did not meet the criteria for mandatory delisting [10]