杭州拼便宜7.06亿接盘，嘉亨家化官宣易主

Group 1 - The core viewpoint of the article is the change of control at Jiaheng Jiahua, a leading domestic beauty OEM, with Hangzhou Pinbian Network Technology Co., Ltd. becoming the new controlling shareholder [1] - The transfer of control occurred just five years after Jiaheng Jiahua went public on the Shenzhen Stock Exchange in March 2021, and only a year after the company was set to complete its second-generation succession in November 2024 [1] - The founder and former actual controller, Zeng Ben Sheng, transferred 29.70% of shares at a price of 33.21 yuan per share to three entities, with Hangzhou Pinbian acquiring 19.40% as the core transferee [1] Group 2 - Jiaheng Jiahua has faced continuous performance pressure, with peak revenue of 1.161 billion yuan and nearly 100 million yuan in net profit in 2021, followed by three consecutive years of declining revenue and net profit [2] - In 2024, the company reported its first loss since going public, with a net profit loss of 23.7 million yuan and a revenue decline of 9.13% year-on-year [2] - In the first three quarters of 2025, revenue reached 860 million yuan, but the net profit loss expanded to 29.5 million yuan, exceeding the total loss for 2024 [2] - The decline in performance is attributed to intensified price competition in the beauty OEM industry, rising raw material costs, and internal issues such as underutilization of production capacity in Huzhou and increased fixed expenses leading to a decrease in gross margin [2]