HANGZHOU GAOXIN(SZ:300478) Shen Zhen Shang Bao·2025-12-05 00:46Core Viewpoint - Hangzhou High-tech Materials Technology Co., Ltd. is facing a court-ordered execution regarding the sale of shares held by Wanren Zhongying, which may impact shareholder dynamics but will not affect the company's daily operations or control structure [1][2]. Group 1: Legal and Shareholding Changes - The court has issued a notice to CITIC Securities to assist in the execution of a ruling, requiring the sale of 833,650 shares of Hangzhou High-tech held by Wanren Zhongying [1]. - Wanren Zhongying holds 5,833,650 shares, representing 4.61% of the total share capital, while its associated party, Lü Junkun, holds 6,333,728 shares, accounting for 5.00% [2]. - The combined holdings of Wanren Zhongying, Lü Junkun, and China Shuangfan Investment Holdings Group amount to 12,167,381 shares, or 9.61% of the total [2]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported total revenue of 311 million yuan, a year-on-year increase of 25.51%, but incurred a net loss of 16.57 million yuan [3]. - The company completed a significant change in control in September 2023, with the transfer of 24,105,872 shares (19.03% of total shares) from Donghang Group to Jirong Weiye, resulting in a new controlling shareholder [3]. - Following the change in control, several board members resigned, indicating a shift in governance [3].