xinyaqiang(SH:603155) Shang Hai Zheng Quan Bao·2025-11-25 23:16Core Viewpoint - The transfer of control from the founder's family to the Handan Municipal Government's State-owned Assets Supervision and Administration Commission is expected to bring new development momentum to the company, which has faced declining performance in recent years [7]. Group 1: Share Transfer Details - On November 24, the company's controlling shareholder, Chulin, signed a share transfer agreement to sell approximately 94.42 million shares at a price of 20.76 yuan per share, totaling 1.96 billion yuan [2]. - After the transfer, the new controlling shareholder will be the Chengxin Fund, which will hold about 29.90% of the company's total shares [2]. - The Chengxin Fund has committed not to transfer control for seven years and will not transfer its shares for 18 months after the transfer [2][3]. Group 2: Company Performance - New Asia Strong has experienced a decline in operating performance over the past three years, with total revenues of 1.134 billion yuan in 2022, 675 million yuan in 2023, and 721 million yuan in 2024, with 451 million yuan reported in the first three quarters of 2025 [4]. - The net profit attributable to shareholders has also decreased, from 302 million yuan in 2022 to 79 million yuan in the first three quarters of 2025, reflecting a significant drop in profitability [4]. - The company reported a 32.58% decline in net profit after deducting non-recurring items in the first three quarters of 2025, primarily due to a decrease in product gross margins [4]. Group 3: Strategic Adjustments - In response to market challenges, the company has undertaken strategic adjustments and operational management to enhance its resilience and capitalize on growth opportunities in sectors such as semiconductors, new energy, and personal care [5]. - The company aims to achieve significant growth in its electronic chemicals, functional additives, and specialty silicone materials businesses [5].