OIMT(SZ:002175) Mei Ri Jing Ji Xin Wen·2025-12-15 15:32Core Viewpoint - Dongfang Zhizao (SZ002175) announced a suspension of trading as its controlling shareholder, Kexiang High-tech Development Co., Ltd., plans to transfer approximately 14.33% of its shares to Guangxi Modern Logistics Group Co., Ltd., which may lead to a change in control of the company [1][4]. Group 1: Shareholder Changes - Kexiang High-tech became the controlling shareholder of Dongfang Zhizao four years ago, holding 19.21% of the shares. If the transfer is completed, its stake will drop below 5% [1]. - Kexiang High-tech had committed to a profit target of no less than 250 million yuan over three years post-restructuring, but Dongfang Zhizao's net profit from 2022 to 2024 was only about 38.85 million yuan, triggering performance compensation obligations [1][5]. Group 2: Performance and Compensation - Kexiang High-tech failed to fulfill its performance compensation obligations on time, receiving an administrative penalty from the China Securities Regulatory Commission. It completed the compensation of 211 million yuan on July 15, which will be recorded in the company's capital reserve [6][5]. - Dongfang Zhizao's financial performance showed a significant decline, with a net profit attributable to shareholders dropping by 62.19% in 2024 compared to 2023, while the revenue increased by 18.50% [6]. Group 3: Business Operations - Dongfang Zhizao's main products include intelligent logistics sorting equipment, which has some relevance to Guangxi Modern Logistics Group's operations. However, the revenue from this segment was only about 17 million yuan in 2024, despite a notable increase in the first half of the year [5]. - The company plans to focus on a new business segment involving centralized intelligent sorting centers in collaboration with local governments and commercial express companies [5].