Zhong Guo Jing Ji Wang·2025-12-19 08:32Financial Performance - In the first three quarters of 2025, the company reported operating revenue of 990 million yuan, a year-on-year decrease of 10.35% [1][2] - The net profit attributable to shareholders was -10.05 million yuan, a decline of 109.34% year-on-year [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -93.68 million yuan, down 333.93% year-on-year [1][2] - The net cash flow from operating activities was -232 million yuan, a decrease of 222.38% year-on-year [1][2] Shareholder Changes - Major shareholder Zhongke Tiansheng transferred 16,899,750 shares to North Huachuang at a price of 85.71 yuan per share, totaling approximately 1.45 billion yuan [3] - Another major shareholder, Advanced Manufacturing, transferred 19,064,915 shares to North Huachuang at a price of 88.48 yuan per share, totaling approximately 1.69 billion yuan [3] - After these transfers, North Huachuang became the largest shareholder, holding 35,964,665 shares, accounting for 17.87% of the total share capital [4] Board Restructuring - Following the share transfers, the company held a shareholder meeting where new board members were elected, including four non-independent directors and one independent director nominated by North Huachuang [4] - The restructuring resulted in North Huachuang obtaining a majority of the board seats, changing the company from having no controlling shareholder to having North Huachuang as the controlling shareholder [4] Initial Public Offering - The company was listed on the Sci-Tech Innovation Board on December 16, 2019, with an issue price of 26.97 yuan per share and a total of 21 million shares issued [5] - The total amount raised from the IPO was approximately 566 million yuan, with a net amount of about 505 million yuan after expenses [6][7]