新亚强控制权变更完成，业绩下滑股价波动

Group 1 - The core point of the article is the recent change in control of Xinyaqiang, with the controlling shareholder now being Handan City Chengxin Equity Investment Fund and the actual controller being the Handan State-owned Assets Supervision and Administration Commission [1][2]. Group 2 - In November 2025, Xinyaqiang's controlling shareholder, Chu Lin, signed a share transfer agreement with Handan City Chengxin Equity Investment Fund, transferring 94,420,253 shares (29.90% of total share capital) at a price of 20.76 yuan per share, totaling 1.96 billion yuan [2]. - This marks the first change in control since the company was listed over five years ago, with the new controlling shareholder committing not to transfer control for seven years and not to reduce shareholding within 18 months [2]. Group 3 - For the first three quarters of 2025, the company reported revenue of 451 million yuan, a year-on-year decrease of 19.05%, and a net profit attributable to shareholders of 79 million yuan, down 20.39% year-on-year, primarily due to a decline in product gross margins [3]. Group 4 - On February 5, 2026, Xinyaqiang's stock price fell by 1.81% to 17.16 yuan, with a total market capitalization of approximately 5.296 billion yuan, and a net outflow of 1.1542 million yuan in main funds [4]. - Following the announcement of the change in control, the stock price experienced consecutive limit-up days from November 25 to 26, 2025 [4]. Group 5 - The company's main business focuses on organic silicon fine chemicals, including functional additives and phenyl chlorosilane, which are applied in sectors such as new energy and semiconductors [5]. - The company maintains partnerships with leading enterprises in lithium battery electrolyte, with products aimed at enhancing battery performance metrics [5]. - Electronic-grade hexamethyl disilazane, a key material for photoresists, has been supplied to semiconductor and flat panel display customers, achieving some degree of import substitution [5].