Shang Hai Zheng Quan Bao·2025-11-24 16:08Core Insights - Both Weiling Co., Ltd. and Gaole Co., Ltd. announced potential changes in control on November 24, leading to a trading halt on November 25 [2][11] - The market is closely watching whether the change in ownership can improve the struggling business performance of both companies [4] Weiling Co., Ltd. - Weiling Co., Ltd. plans to transfer 7.76% of its shares, amounting to 2,023,380 shares, from its controlling shareholder Shanghai Lingyi New Materials Co., Ltd. [5][6] - The company reported a total revenue of 213 million yuan for the first three quarters of 2025, a decrease of 53.88% year-on-year, with a net loss of 13.05 million yuan, which is a reduction in losses compared to the previous year [9] - Due to a pledge default, the controlling shareholder's stake was reduced from 18.52% to 13.01% after a judicial auction in 2024 [9] Gaole Co., Ltd. - Gaole Co., Ltd.'s major shareholder, Huadong Group Co., Ltd., is planning to transfer its shares or delegate voting rights, which may lead to a change in control [10][11] - The company reported a total revenue of 226 million yuan for the first three quarters of 2025, an increase of 10.06% year-on-year, with a net loss of 11.67 million yuan, which is a reduction in losses compared to the previous year [13] - The company has experienced significant management turnover, with several executives resigning in recent months, indicating potential instability [13]