WYZK(SZ:300420) IPO日报·2025-09-12 00:32Core Viewpoint - Jiangsu Wuyang Self-Control Technology Co., Ltd. (Wuyang Self-Control) announced a transfer of 15% of its shares from its controlling shareholders to Shenzhen Gaowu Zhuoyue Intelligent Technology Partnership, resulting in a change of control [1][5][7]. Group 1: Share Transfer Details - The share transfer agreement was signed on September 10, with a total transaction value of 675 million yuan, translating to an approximate price of 4.03 yuan per share, which reflects a discount of about 10% compared to the closing price of 4.55 yuan on the same day [5][6]. - After the transfer, Gaowu Zhuoyue will hold 15% of Wuyang Self-Control, and the controlling shareholder will change from the current shareholders to Gaowu Zhuoyue, with Yao Xiaochun as the new actual controller [7][8]. Group 2: Financial Background and Company Performance - Wuyang Self-Control's controlling shareholders, Hou Youfu and Cai Min, will see their shareholding drop to 2.38% and 2.36% respectively after the transfer, remaining among the top ten shareholders [7]. - The company has experienced a significant decline in its controlling shareholders' stake since its IPO, dropping from over 34% to 19.74% due to multiple reductions and financing activities [13]. - The company's financial performance has been volatile, with revenue peaking at 1.632 billion yuan in 2020 but suffering a loss of 177 million yuan in 2021 due to rising raw material costs and credit issues [13][14]. In 2024, the company reported a revenue of 1.01 billion yuan, a year-on-year decrease of 25.82%, and a net loss of 87.22 million yuan, a significant decline of 312.73% [14].