皮阿诺近两年亏3.83亿拟易主破局 尹佳音两步走8.39亿入主跨界赋能

Core Viewpoint - The traditional home furnishing company, PIANO, is undergoing a significant ownership change as it transitions to a new major shareholder with a semiconductor background, which raises market interest in potential revitalization of the company's performance [1][4]. Group 1: Ownership Change - Initial Micro Technology plans to acquire a 16.78% stake in PIANO for 444 million yuan, making it the controlling shareholder, with the actual controller changing from Ma Libin to Yin Jiayin [1][2]. - The transaction involves Ma Libin transferring 17.88 million shares at 15.31 yuan per share and Zhuhai Honglu transferring 12.80 million shares at 13.284 yuan per share, totaling 444 million yuan [2]. - Following the share transfer, Initial Micro will hold 30.69 million shares, increasing its ownership from 0% to 16.78% [3]. Group 2: Financial Performance - PIANO has faced declining performance, with revenues dropping from 18.24 billion yuan in 2021 to an estimated 8.86 billion yuan in 2024, and a cumulative net loss of approximately 3.83 billion yuan over the past two years [5]. - In the first three quarters of 2025, PIANO reported revenues of 420 million yuan, a year-on-year decrease of 37.27%, and a net loss of 7.52 million yuan, reflecting a 191.47% decline [5]. Group 3: Future Prospects - The new ownership aims to enhance PIANO's operational management and competitiveness, providing support for business structure optimization and long-term healthy development [6]. - The market reacted positively to the news of the ownership change, with PIANO's stock price hitting the daily limit up, closing at 17.86 yuan per share, a 9.98% increase [4].