NARADA(SZ:300068) Zheng Quan Shi Bao Wang·2025-12-11 21:56Core Viewpoint - The company, Nanhu Power (300068), is planning a change in control and will suspend trading of its stock, which has recently seen a significant price increase of nearly 9% to 18.38 CNY per share, resulting in a market capitalization of 16.51 billion CNY [2][4]. Group 1: Control Change and Stock Suspension - The company announced that its controlling shareholders are in the process of planning a change in control and the sale of the lead recycling segment [2][4]. - Trading of the company's stock will be suspended starting December 12, with an expected suspension period of no more than two trading days [2][4]. Group 2: Business Operations and Financial Performance - The company has recently completed business registration changes, adjusting its registered capital to 898 million CNY, while maintaining its core business areas [4]. - For the first three quarters of the year, the company reported revenue of approximately 5.911 billion CNY, a year-on-year decline of 24.80%, primarily due to a strategic reduction in the lead recycling segment [5]. - The company recorded a net loss attributable to shareholders of about -220 million CNY, compared to a profit of 247 million CNY in the same period last year [5]. - Despite the losses, the company indicated a turnaround in operational performance starting from the second quarter, with significant improvements in the third quarter, where battery products achieved a gross profit of 330 million CNY [5]. Group 3: Future Development and Market Position - The company has secured multiple high-pressure lithium battery data center projects, indicating a strong order backlog in the data center market, which is a key area for expansion [6]. - The company plans to increase its lithium battery production capacity from 1.5 GWh to a total of 2.5 GWh next year, demonstrating its ability to quickly scale production to meet customer demand [6]. - The company aims to focus on lithium batteries and continue advancing its new energy storage, communication, and data center storage businesses, while maintaining a competitive edge in traditional sectors [6].