联创电子复牌！国资入主

Core Viewpoint - The actual controller of Lianchuang Electronics is set to change to the Jiangxi Provincial State-owned Assets Supervision and Administration Commission, with the company resuming trading on December 25, 2025 after a five-day suspension [1][8]. Group 1: Share Transfer and Control Change - Lianchuang Electronics announced that its controlling shareholder, Jiangxi Xingsheng, signed a share transfer agreement with Beiyuan Intelligent, agreeing to pay 900 million yuan to acquire 70.8661 million unrestricted circulating shares, representing 6.71% of the total shares [1][9]. - Following the completion of the transfer, the controlling shareholder will change to Beiyuan Intelligent, with Jiangxi Guozhi Chuangtou becoming the indirect controlling shareholder, and the actual controller will be the Jiangxi Provincial State-owned Assets Supervision and Administration Commission [9][12]. Group 2: Capital Increase and Financial Strategy - Lianchuang Electronics signed a conditional share subscription agreement with Jiangxi Guozhi Chuangtou, which plans to subscribe for up to 189 million shares through cash, representing 15.19% of the total shares post-issuance [12]. - After the completion of the share transfer and issuance, Jiangxi Guozhi Chuangtou will directly and indirectly hold 20.89% of the total shares, with the company’s controlling shareholder changing to Jiangxi Guozhi Chuangtou [12]. Group 3: Financial Performance and Future Strategy - The funds raised will be used to supplement working capital and repay interest-bearing debts, helping to alleviate financial pressure and reduce liquidity risks, while also lowering the debt-to-asset ratio [12]. - Lianchuang Electronics is committed to deepening its focus on the optical industry, optimizing product structure, expanding product variety, and improving product quality, which will support its transition towards automotive optical business [12][4]. - For the first three quarters of 2025, the company reported total revenue of 6.489 billion yuan, a year-on-year decrease of 16.20%, while achieving a net profit of 50.92 million yuan, marking a turnaround from losses [13].