东方智造筹划易主

Core Viewpoint - Dongfang Zhizao (stock code: 002175) is planning a change in control, leading to a temporary suspension of its stock trading as announced by the Shenzhen Stock Exchange on December 15 [1]. Group 1: Company Overview - Dongfang Zhizao operates in "intelligent manufacturing" and "comprehensive management services for industrial parks," with its intelligent manufacturing segment including precision digital measuring tools, intelligent logistics sorting equipment, and vacuum coating equipment [3]. - The company was recognized as a "national manufacturing single champion" by the Ministry of Industry and Information Technology in 2024 [3]. - Prior to the suspension, the company acquired 70% of Saifu Machinery for 27.49 million yuan to strengthen its core business [3]. Group 2: Shareholding Structure - The current controlling shareholder is Kexiang High-tech Development Co., Ltd., with Li Bin as the actual controller [3]. - As of the end of Q3 2025, Kexiang High-tech holds 245.21 million shares, representing a 19.21% stake in Dongfang Zhizao [4]. Group 3: Historical Context - Dongfang Zhizao was originally listed as Guanglu Shuce in 2007, with its first actual controller being Peng Peng [5]. - The company underwent a strategic transformation in 2014, entering the cultural and entertainment media sector, and was renamed Dongfang Network in 2015 [6]. - In 2019, a change in control occurred, with Song Xiaozhong replacing Peng Peng as the new actual controller [6]. - Following a period of poor performance, the company entered bankruptcy restructuring in 2021 and completed it in early 2022, with the control shifting to Song Xiaozhong and Fan Meirong [7][8]. Group 4: Financial Performance and Challenges - After Li Bin took control, the company did not achieve the expected stable development, facing issues related to performance commitments from the controlling shareholder [9]. - Kexiang High-tech committed to a net profit of no less than 250 million yuan from 2022 to 2024, but the actual profit was only 38.85 million yuan, achieving a completion rate of 15.54% [9]. - As of May 2025, Dongfang Zhizao received only the first two installments of the performance compensation, totaling 4 million yuan, with further payments uncertain [9][10]. - For the first three quarters of 2025, the company reported revenue of 21.9 million yuan, a year-on-year decrease of 9.13%, and a net profit of 1.33 million yuan, down 96.08% year-on-year [11]. Group 5: Market Position - As of the last trading day before the suspension on December 12, Dongfang Zhizao's stock was priced at 4.30 yuan per share, with a total market capitalization of 5.49 billion yuan [12].