TYPICAL(SH:600302) Zhong Guo Jing Ying Bao·2025-10-22 04:04Core Viewpoint - Standard Industrial Co., Ltd. has announced a suspension of trading due to significant matters being planned by its actual controller, which may lead to a change in control of the company [1][2] Group 1: Company Announcement - On October 21, Standard Industrial Co., Ltd. (stock code: 600302.SH) issued a suspension announcement, stating that its stock would be suspended from trading for no more than two trading days [1] - The suspension is due to the notification received from its controlling shareholder, Standard Group, regarding a major matter that may result in a change of control [1] Group 2: Historical Background - Standard Industrial Co., Ltd. was established in 1946 as Shanghai Huigong Sewing Machine Factory, relocated to Shaanxi in 1968, and was renamed Shaanxi Sewing Machine Factory [1] - The company was restructured into China Standard Sewing Machine Group Co., Ltd. in 1989 and became West Xi'an Standard Industrial Co., Ltd. in 1999, listing on the Shanghai Stock Exchange in 2000 [1] Group 3: Financial Performance - The company has faced significant operational pressure in recent years, with total revenue peaking at 1.645 billion yuan in 2021, then declining to 1.051 billion yuan in 2022, a year-on-year decrease of 37.59% [2] - In 2023, revenue further shrank to 507 million yuan, with a year-on-year decline of 51.76%, and is projected to be 446 million yuan in 2024, a decrease of 11.95% [2] - The company has reported negative net profits for four consecutive years, with figures of -95 million yuan in 2021, -114 million yuan in 2022, -196 million yuan in 2023, and -153 million yuan in 2024 [2] - Notably, the company's non-recurring net profit has been in a state of loss since 2012, with a projected loss of -163 million yuan for 2024 [2]