Zheng Quan Shi Bao·2025-10-20 12:41Core Viewpoint - Standard Shares (600302) announced a suspension of trading starting October 21, 2023, due to potential changes in company control [1][4]. Company Overview - Standard Shares is a major manufacturer of sewing machinery in China, providing solutions for various industries including apparel, bags, home furnishings, and automotive interiors [5]. - The company operates under three brands: "Standard," "Weiteng," and "Hailing" [5]. - As of now, the total market capitalization of Standard Shares is 2.6 billion [5]. Financial Performance - In the first half of the year, Standard Shares reported revenue of 185 million, a year-on-year decline of 21.37% [5]. - The company incurred a net loss of 8.52 million [5]. - The 2025 operational targets set by the company include a revenue goal of 580 million and a net profit of 7.1 million [5]. Strategic Shift - The company has publicly stated its intention to shift from being a single sewing equipment supplier to a provider of integrated solutions and services in the environment and apparel sectors [6]. Management Changes - The chairman of Standard Shares, Chang Hong, submitted a resignation report this month due to work adjustments, leaving the chairman position vacant [7]. - Vice Chairman Zhang Pengwu is currently fulfilling the chairman's duties, while Wang Kunyuan has been nominated as a candidate for the board of directors [7]. Parent Company Overview - The parent company, Xi'an Industrial Investment Group, has interests in multiple listed companies, including Shaan Gu Power, Western Superconducting, and Tianli Co., among others [8]. - As of the end of 2024, the group reported total assets of 49.5 billion and net assets of 15.1 billion [8]. - The group achieved an operating income of 35.846 billion and a total profit of 1.007 billion in 2024 [8].