QJCT(SH:600706) Shang Hai Zheng Quan Bao·2026-01-21 19:39Core Viewpoint - The announcement details the progress of a judicial auction involving shares of Xi'an Qujiang Cultural Tourism Co., Ltd, indicating a change in shareholding structure without altering the actual control of the company [2][4]. Group 1: Shareholding Structure - As of the announcement date, the controlling shareholder, Xi'an Qujiang Tourism Investment (Group) Co., Ltd, holds 83,942,873 shares, representing 32.91% of the total share capital [2]. - Xi'an Qujiang Financial Holding (Group) Co., Ltd holds 10,358,215 shares, accounting for 4.06% of the total share capital, and is considered a concerted actor with the controlling shareholder [2]. - Following the auction, the controlling shareholder's stake will adjust to 30.56%, while Qujiang Financial Holding's stake will increase to 6.41%, with no change in the actual controller of the company [2][6]. Group 2: Auction Details - The auction results indicate that Qujiang Financial Holding successfully acquired 6 million shares through three transactions at prices of 20,414,000 yuan and 21,294,000 yuan [4]. - The auction was conducted by the Intermediate People's Court of Shaoxing City, and the final results will be confirmed by the court's auction ruling [3][4]. Group 3: Financial Performance Forecast - The company anticipates a net loss of approximately 130 million to 165 million yuan for the year 2025, with a net loss excluding non-recurring items estimated between 215 million to 250 million yuan [10][12]. - The decline in revenue is attributed to decreased ticket sales from traditional scenic spots and reduced income from traditional dining services [14].