Zodi Investment(SZ:000609) Mei Ri Jing Ji Xin Wen·2025-10-19 12:53Core Viewpoint - ST Zhongdi (000609) is undergoing a significant change in control due to the judicial auction of its controlling shareholder's shares, which has implications for its future direction and potential transformation into a new industry focus [1][3][4]. Group 1: Auction Details - On October 17, ST Zhongdi announced that its controlling shareholder, Guangdong Runhong Fuchuang Technology Center, had its 71.1448 million shares auctioned off, representing 23.77% of the total share capital [1][3]. - The shares were sold for approximately 255 million yuan, which was the starting price, after a previous auction attempt failed with a starting price of 319 million yuan [4][5]. - The auction was necessitated by significant debts incurred by ST Zhongdi's subsidiary, which had borrowed 750 million yuan from Chongqing Three Gorges Bank, leading to legal actions and the need for the shares to be auctioned [4][5]. Group 2: New Shareholder Background - The new controlling entity, Tianwei Investment, was established on July 22, 2025, and is led by semiconductor industry veterans Meng Hongda and Zhang Wei, each holding 50% of the company [2][6]. - Tianwei Investment is associated with Shenzhen Tianwei Electronics, a company involved in integrated circuit design and semiconductor equipment manufacturing, which is currently in the IPO preparation stage [2][7]. Group 3: Company Performance and Future Outlook - ST Zhongdi reported a 52.39% year-on-year decline in revenue for the first half of 2025, with a net loss of approximately 84.84 million yuan, indicating a worsening financial situation [8]. - The company is actively seeking to transform its business model and explore new investment opportunities beyond its traditional real estate focus, aiming for sustainable development [8]. - The potential for ST Zhongdi to transition from a real estate "shell" to a semiconductor "core" under the new ownership is a subject of market speculation [9].