又一上市公司“卖壳”，8.7亿卖给地方国资！

Core Viewpoint - The article discusses the recent share transfer agreement signed by the controlling shareholder of Wuxi Honghui New Materials Technology Co., Ltd., indicating a change in control from Xiang Hongwei to Wuxi Xigang Qixing Technology Partnership, which will hold 29.99% of the shares post-transaction [1][6]. Summary by Sections Share Transfer Agreement - Xiang Hongwei signed a share transfer agreement to sell 29.99% of his shares (54,672,366 shares) to Wuxi Xigang Qixing at a price of RMB 15.9077 per share, totaling approximately RMB 869.71 million [1][8]. - After the transaction, Xiang will hold 22.82% of the shares, while Wuxi Xigang will become the controlling shareholder [1][6]. Company Performance - Honghui New Materials' revenue has declined significantly from RMB 749.26 million in 2021 to RMB 372.79 million in 2023, a decrease of 27.82% year-on-year [2][3]. - The net profit attributable to shareholders also fell from RMB 85.93 million in 2021 to RMB 50.88 million in 2023, marking a 39.83% decline [3][4]. - In 2024, there are signs of recovery with revenue increasing to RMB 455.51 million, a 22.19% year-on-year growth, and net profit rising to RMB 59.24 million, up 16.43% [4]. Management Changes - Xiang Liang took over as chairman in October 2020, and the company has seen a significant drop in performance since then, with net profit decreasing by 48.77% in 2023 compared to 2022 [2][3]. Ownership Structure - The new controlling entity, Wuxi Xigang Qixing, is linked to the Wuxi Xishan District State-owned Enterprise Reform and Development Service Center, which will now oversee the company [6][10]. - Prior to this transaction, Xiang Hongwei was the controlling shareholder with 52.81% of the shares, but will now be reduced to the second-largest shareholder [1][8]. Previous Attempts to Transfer Shares - This is not the first attempt by Xiang Hongwei to transfer shares; a previous attempt in August 2023 to sell the same percentage to another party was terminated due to a lack of agreement [12][13].