Zhangjiagang Zhonghuan Hailu High-End Equipment (SZ:301040) 中国基金报·2025-08-28 16:02Core Viewpoint - The actual controller of Zhonghuan Hailu is planning a change in control, which may lead to a shift in the company's controlling shareholder and actual controller. The company's stock has surged nearly 220% this year [2][6]. Group 1: Stock Performance - Zhonghuan Hailu's stock price has increased by 219.61% year-to-date, with a notable rise of 12.66% on August 28 [3][9]. - The company's total market capitalization is currently 4 billion yuan [9]. Group 2: Control Change Announcement - On August 28, Zhonghuan Hailu announced that its controlling shareholder and actual controller, Wu Jun San, is in the process of planning a change in control, which may result in a change of the controlling shareholder [6][9]. - As of June 30, Wu Jun San holds 22.57% of the company's shares, while his son, Wu Jian, holds 6.99%, totaling 29.56% combined [9]. Group 3: Financial Performance - The company has faced continuous operating losses, with projected revenues of 625 million yuan and 579 million yuan for 2023 and 2024, respectively, reflecting year-on-year declines of 40.04% and 7.36% [11]. - The latest half-year report indicates that for the first half of 2025, the company achieved revenues of 358 million yuan, a year-on-year increase of 25.27%, but still reported a net loss of 42.49 million yuan [11]. Group 4: Regulatory Issues - In April 2023, the Jiangsu Securities Regulatory Bureau disclosed that Wu Jun San failed to timely inform Zhonghuan Hailu about a share transfer agreement with Beijing Huatai Yu Technology Center, violating disclosure regulations [13].