Ge Long Hui·2025-12-10 11:41Group 1 - The core point of the article is that Century Huatong (002602.SZ) announced its subsidiary, Shanghai Shengqu Shuming Enterprise Management Co., Ltd. (referred to as "Shengqu Shuming"), holds a 7.3121% stake in Guosheng Capital, which in turn holds 19,588,689 shares of Moer Thread Technology (Beijing) Co., Ltd. (referred to as "Moer Thread") [1] - Moer Thread was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 5, 2025, and Guosheng Capital's shares represent 4.8968% of Moer Thread's total share capital before the IPO and 4.1676% after the IPO [1] - The lock-up period for Guosheng Capital's shares in Moer Thread is 12 months post-listing [1] Group 2 - According to relevant accounting standards, the stake in Guosheng Capital is classified as a "financial instrument measured at fair value with changes recognized in profit or loss" and is reported under "other non-current financial assets" [2] - Based on the closing price of Moer Thread on December 10, 2025, the estimated impact of the stake on the company's net profit for the fourth quarter of 2025 is approximately 640 million yuan, which accounts for about 53% of the audited net profit attributable to the parent company for the fiscal year 2024 [2] - The fair value of the indirectly held shares in Moer Thread will fluctuate with the stock market price, leading to uncertainty regarding the impact on the company's performance for 2025 and beyond [2]