复牌！603897 “闪电”终止筹划重大事项

Core Points - Changcheng Technology has terminated its plan for a change in control after discussions with its actual controllers did not reach a consensus on key matters [2] - The company's stock will resume trading on November 10, 2025, following a suspension that began on November 3, 2025, due to uncertainties surrounding the control change [6][5] Company Overview - The actual controllers, Gu Linxiang and Shen Baozhu, were involved in discussions regarding a share transfer that could lead to a change in control [6] - Gu Linxiang holds 18.75% of the shares, while Shen Baozhu holds 14.54%, together controlling approximately 58.35% of the company through their holdings and Lake Changcheng Electronics Technology Co., Ltd [7] - Changcheng Technology was listed on April 10, 2018, and focuses on the research and production of electromagnetic wire products used in various industries, including new energy, home appliances, industrial motors, automotive electronics, power tools, and instruments [7] Financial Performance - For the first three quarters of 2025, the company reported a revenue of 9.44 billion yuan, a year-on-year decrease of 0.7%, while the net profit attributable to shareholders increased by 13.8% to 215 million yuan [7] - Prior to the suspension, the stock price was 26.53 yuan per share, with a total market capitalization of approximately 5.477 billion yuan [7]