Joyware(SZ:300270) Shang Hai Zheng Quan Bao·2025-12-04 21:38Core Viewpoint - The company Zhongwei Electronics is undergoing a potential change in control as its major shareholder, Xinxiang Investment Fund No. 1, is planning to transfer control, which may lead to a change in the actual controller of the company [2]. Group 1: Company Overview - Zhongwei Electronics operates in the video surveillance sector of the security industry, focusing on AI video applications and providing IoT solutions [5]. - The company has developed core technologies including video structuring, cloud technology, big data analysis, and IoT perception and transmission [5]. - The company aims to offer standardized and replicable system solutions for various sectors such as smart highways, smart transportation, and smart city management [5]. Group 2: Shareholder Changes - In August 2020, the actual controller Shi Xugang planned to transfer control of Zhongwei Electronics to Xinxiang Investment Fund No. 1, which is ultimately controlled by the People's Government of Xinxiang City, Henan Province [5]. - The transfer of control was completed in May 2022, with Xinxiang Investment Fund No. 1 officially becoming the controlling shareholder [5]. - During the period of Henan state-owned assets' control, Zhongwei Electronics experienced two leadership changes [5]. Group 3: Leadership Changes - Li Yice became the new chairman of Zhongwei Electronics in July 2022 but resigned before completing three years due to work adjustments [6]. - Liu Yang was elected as the new chairman in March 2025, bringing experience in digital industry planning and capital operations [6]. Group 4: Financial Performance - Zhongwei Electronics has faced significant challenges in the security industry, resulting in poor financial performance with six losses in seven years [6]. - For the first three quarters of 2025, the company reported revenue of 71.1 million yuan, a year-on-year decline of 34.47%, and a net profit attributable to shareholders of -43.3 million yuan, which represents a 14% reduction in losses compared to the previous year [7].