Hualan (SZ:301027) Zheng Quan Shi Bao Wang·2025-11-18 14:23Core Viewpoint - Hualan Group is undergoing a change in control, with a significant share transfer to Xutong Investment, which will become the controlling shareholder, leading to a new actual controller, Lin Wei [1][2]. Share Transfer and Control Change - Hualan Group's actual controllers plan to transfer a total of 8.5113 million shares, representing 5.79% of the company's total equity, to Xutong Investment [2]. - After the share transfer, Xutong Investment will hold voting rights for 19.5% of the company, making it the controlling shareholder [2]. - The share transfer price is set at 20.41 yuan per share, totaling 174 million yuan (including tax) for the transaction [2]. Business Development and Strategy - Hualan Group focuses on exploring existing markets, particularly in urban renewal projects, while also expanding its business scope through acquisitions, such as the purchase of Guangxi Hualan Hydropower Engineering Design Co., Ltd. [3]. - The company is developing new businesses aligned with the "dual carbon" goals, including distributed photovoltaic power generation and energy management services, establishing subsidiaries like Guangdong Hualan Energy Development Co., Ltd. and Guangxi Hualan Smart Technology Co., Ltd. [3]. - In the first half of 2025, Hualan Energy completed all investments in distributed photovoltaic projects, signing EPC contracts worth 15.854 million yuan, while Hualan Smart has established a nationwide business layout with a total contract signing amount of approximately 20.7 million yuan in energy management [3]. - The transaction is seen as an acknowledgment of the company's intrinsic value by Xutong Investment, which aims to leverage its operational management experience to enhance the company's competitiveness and resource allocation [3].