Changzhou Shichuang Energy (SH:688429) Jing Ji Guan Cha Wang·2025-12-31 07:54Core Viewpoint - The recent divorce of the actual controller of Shichuang Energy, Fu Liming, and Wang Yanxiao, has led to a significant share transfer, with Wang receiving approximately 34.16 million shares, valued at around 446 million yuan, which represents 8.54% of the company's total share capital [1][2]. Group 1: Share Transfer Details - Fu Liming will transfer 10% of his shares in Nanjing Shichuang Investment Co., Ltd. and 14.48% of his shares in Nanjing Sicheng Investment Partnership, totaling approximately 34,161,801 shares of Shichuang Energy [1]. - Prior to this transfer, Fu Liming held 65% of Shichuang Investment and 16.48% of Nanjing Sicheng, amounting to an indirect holding of 116 million shares, or 28.88% of the total share capital [1][2]. Group 2: Company Financials - Shichuang Energy was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on June 29, 2023, issuing 40,000,800 shares at a price of 19.20 yuan per share, raising a total of 768.02 million yuan [3]. - For the first three quarters of 2023, Shichuang Energy reported revenue of 704.8 million yuan, a year-on-year increase of 54.3%, while net losses were reduced to 254.4 million yuan, a decrease of 50.44% compared to the previous year [3]. Group 3: Market Context - The occurrence of high-value divorce cases among A-share companies is not unique, with several instances reported in 2023, including significant share transfers due to marital separations [4][5]. - Experts have raised concerns about the potential instability in company operations and governance structures resulting from personal events among major shareholders, which could lead to market manipulation or insider trading [5][6].