Core Viewpoint - Zheng Jianbo has regained control of Huashi Technology after a six-month interval, marking a significant shift in the company's ownership structure [1][3]. Group 1: Ownership Change - On January 19, Huashi Technology announced that its major shareholders transferred a total of 12.912 million shares, representing 11.32% of the company's total equity, to Hangzhou Juzhun Qiming Enterprise Management Partnership at a price of 27.88 yuan per share, totaling approximately 360 million yuan [4][14]. - The original shareholders also agreed to relinquish voting rights for an additional 38.736 million shares, which accounts for 33.97% of the total equity, until their complete divestment [4][14]. - Following the transaction, Hangzhou Juzhun became the controlling shareholder, with Zheng Jianbo as the new actual controller of Huashi Technology [4][14]. Group 2: Capital Increase Plan - Concurrently, Huashi Technology announced a plan to issue 22.808 million shares at a price of 19.54 yuan per share, aiming to raise no more than 446 million yuan, with Hangzhou Juzhun set to fully subscribe to this offering [5][15]. - After the capital increase, Hangzhou Juzhun's shareholding will rise to 26.10%, with a total investment exceeding 800 million yuan when combined with the share transfer [5][16]. Group 3: Financial Performance - For the first three quarters of 2025, Huashi Technology reported revenue of 353.7 million yuan, a year-on-year increase of 60.27%, but the net profit attributable to shareholders was -19.211 million yuan, a decline of 310.51% [6][7][17]. - The company also faced negative cash flow from operating activities, amounting to -31.974 million yuan, indicating pressure on profitability and cash flow [7][17]. - As of the end of the reporting period, total assets were approximately 1.628 billion yuan, reflecting a slight increase of 1.68% compared to the previous year [17]. Group 4: Management Background - The former management, particularly Ye Jianbiao, has faced scrutiny, having been investigated for alleged misconduct twice in recent years, which may have influenced the ownership transition [8][18].