Core Viewpoint - The control of Zhenai Meijia may change as its controlling shareholder, Zhenai Group, is planning to transfer its control, leading to a potential change in the company's major shareholder and actual controller [1][2]. Group 1: Shareholding and Control - As of the end of Q3 2025, Zhenai Group directly holds 66.76 million shares of Zhenai Meijia, accounting for 46.37% of the total shares, with 33.7 million shares pledged, representing 50.48% of Zhenai Group's holdings [4][6]. - Zhenai Group's action partner, Yiwu Boxin Investment Co., Ltd., holds 16.69 million shares, representing 11.59% of Zhenai Meijia, with 10 million shares pledged, which is 59.93% of Boxin Investment's holdings [4][6]. Group 2: Financial Performance - Zhenai Meijia has experienced significant fluctuations in performance since its listing on April 6, 2021 [8]. - The net profit attributable to the parent company from 2021 to 2024 was 108 million, 155 million, 106 million, and 75.8 million yuan, respectively, with the net profit after deducting non-recurring gains and losses being 98 million, 108 million, 91.7 million, and 59.3 million yuan [9]. - For the first three quarters of 2025, the net profit attributable to the parent company increased by 310.28% to 230.32 million yuan, with a net profit after deducting non-recurring gains and losses increasing by 43.37% to 58.86 million yuan [12][14]. Group 3: Industry Context - The textile industry is facing severe challenges, including intense competition from low-cost Southeast Asian countries and rising shipping costs, which pose significant challenges for Zhenai Meijia's product exports [14]. - The substantial increase in net profit for the first three quarters of 2025 is attributed to compensation received from the expropriation of land and buildings at Zhenai Meijia's subsidiary, resulting in a post-tax gain of 162 million yuan [14].
停牌！003041，实控人拟易主