德力股份筹划控制权变更，明日起停牌

Core Viewpoint - Delixi Co., Ltd. is planning a change in control, which may lead to a shift in its major shareholder and actual controller, resulting in a temporary suspension of its stock trading for up to two trading days [1][5]. Company Overview - Delixi Co., Ltd. was founded by Shi Weidong and is headquartered in Fengyang, Anhui. It specializes in the research and manufacturing of various glass products and has become a leading manufacturer of glassware in China over the past two decades [3]. - The company has faced continuous operational pressure in recent years, reporting losses of 110 million yuan, 86 million yuan, and 173 million yuan for the years 2022 to 2024, respectively. In the first half of 2025, the net profit attributable to shareholders was a loss of 45 million yuan, a decline of 491% compared to the same period last year [3][4]. Business Transformation Efforts - In an attempt to overcome its development bottleneck, Delixi Co., Ltd. established a wholly-owned subsidiary, Delixi Energy, in 2020 to enter the photovoltaic glass market. In 2021, it signed a five-year procurement agreement with Longi Green Energy for at least 250 million square meters of photovoltaic glass from 2022 to 2026, with a total contract value estimated at 5.531 billion yuan [3][4]. - However, the company faced challenges as the photovoltaic glass project encountered a downturn in the overall industry cycle, leading to production halts during the reporting period. The company expressed uncertainty about whether the industry could recover from this low point and whether it could reverse its losses [4]. Investment Adjustments - Delixi Co., Ltd. has made adjustments and disposals of certain external investment projects. On July 29, the company announced the termination of two investment projects, Beihai Company and Delixi Pharmaceutical Glass, which had not progressed to substantial construction after nearly five years [4]. - Additionally, the company disclosed a plan to sell its 100% stake in Fengyang Derui Mining Co., Ltd. for 135 million yuan, which is expected to result in a loss of approximately 6.5 million yuan [4]. Market Performance - Prior to the suspension, on September 30, Delixi Co., Ltd.'s stock closed at 8.32 yuan per share, reflecting a 6.12% increase on that day, with a total market capitalization of 3.3 billion yuan [5].