002571拟易主，周四停牌

Core Viewpoint - Delixi Co., Ltd. is undergoing a potential change in control, as announced by its major shareholder and actual controller, Shi Weidong, on October 8. The specific transaction plan and agreement terms are still under further verification and negotiation [1]. Company Overview - Delixi Co., Ltd. was founded in 1996 by Shi Weidong and is headquartered in Fengyang, Anhui. The company specializes in the research and manufacturing of various glass products, including household glass, solar glass, packaging glass, optical glass, heat-resistant appliance glass, and crystal glass. It is recognized as the leading manufacturer of glassware in China and the largest household glass factory in the Asia-Pacific region [4]. Financial Performance - The company has faced continuous losses, with net profits attributable to the parent company reported as follows: a loss of 110 million yuan in 2022, 85.5094 million yuan in 2023, and 173 million yuan in 2024. In the first half of 2025, the net profit attributable to the parent company was a loss of 45.3166 million yuan, representing a year-on-year decline of 490.74% [4]. Business Challenges - Delixi Co., Ltd. established a wholly-owned subsidiary, Delixi Solar, in 2020 to enter the promising photovoltaic glass materials sector. In 2021, it signed a five-year procurement agreement for photovoltaic glass with Longi Green Energy. However, the company reported that both photovoltaic glass and daily-use glass faced pressures from insufficient capacity digestion and weak market demand due to global political and economic conditions [5]. - The company experienced significant losses due to fluctuating prices of key raw materials such as sodium antimonate and soda ash, as well as international shipping costs. The decline in photovoltaic glass prices further exacerbated the financial difficulties [5]. - In the 2025 semi-annual report, Delixi Co., Ltd. noted that its subsidiary, Bengbu Solar, achieved production quality comparable to industry leaders. However, the overall downward trend in the photovoltaic industry led to supply-demand imbalances and price declines, impacting profitability. To mitigate cash flow losses, the subsidiary temporarily halted production, affecting the company's overall profitability [6]. - The domestic trade of daily-use glass remained stable, but external trade faced challenges due to fluctuations in shipping costs. The entire industry continues to experience low profitability, with high inventory pressures not yet alleviated, compounded by the effects of international political and economic conditions [6].