Core Viewpoint - Delixi Co., Ltd. is planning a change in control, which may lead to a shift in its major shareholder and actual controller, with the specifics yet to be determined [1] Group 1: Company Overview - Delixi Co., Ltd. was founded in 1996 and listed on the Shenzhen Stock Exchange in 2011, specializing in the research and manufacturing of various glass products, becoming a leading glassware manufacturer in China and ranking third globally in production capacity [1] - The company ventured into the photovoltaic glass market in November 2020 by establishing a wholly-owned subsidiary, Delixi Energy, and signed a five-year procurement agreement with Longi Green Energy on April 20, 2021 [1][2] Group 2: Financial Performance - Following its entry into the photovoltaic sector, Delixi Co., Ltd. has experienced continuous losses, with a net profit loss of over 31 million yuan in 2020, escalating to a loss of 120 million yuan in 2024, and an additional loss of over 45 million yuan in the first half of 2025 [2] - The company's asset-liability ratio surged from 24% in 2019 to 68% in 2024, indicating increasing financial strain [2] - As of September 30, 2025, Delixi Co., Ltd. had a market capitalization of 3.261 billion yuan [4] Group 3: Recent Developments - In 2025, Delixi Co., Ltd. announced the sale of its wholly-owned subsidiary, Delixi Mining, for a total transaction price of 135 million yuan, with the payment already received by September 23 [4]
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