NARADA(SZ:300068) Bei Jing Shang Bao·2025-12-21 11:58Core Viewpoint - The company Nandu Power has terminated its control change plan after a brief one-week period, primarily due to unresolved negotiations among involved parties, reflecting ongoing financial struggles and a significant projected loss for 2024 [1][3][4]. Group 1: Control Change Announcement - Nandu Power announced the control change plan on December 12, 2023, but terminated it just a week later on December 19, 2023, due to a lack of consensus on core terms among the parties involved [3][4]. - The announcement of the control change was linked to the potential sale of the company's recycling lead segment, but no further details were provided regarding this segment after the termination [5]. Group 2: Financial Performance - Nandu Power is facing significant financial pressure, with a projected net loss of 1.497 billion yuan for 2024, and a loss of 220 million yuan reported in the first three quarters of the current year [1][8]. - The company's revenue has shown a downward trend, with reported revenues of approximately 11.749 billion yuan, 14.666 billion yuan, and 7.984 billion yuan for the years 2022, 2023, and 2024 respectively, alongside corresponding net profits of 333 million yuan, 35.976 million yuan, and a loss of 1.497 billion yuan [9]. - In the first three quarters of 2023, Nandu Power's revenue decreased by 24.8% year-on-year to approximately 5.911 billion yuan, with a net loss of about 220 million yuan, attributed to strategic adjustments and reduced production in the recycling segment [9][10]. Group 3: Market Reaction - Following the announcement of the termination of the control change, Nandu Power's stock price fell by 11.37%, closing at 16.29 yuan per share, resulting in a total market capitalization of 14.63 billion yuan [7].