TQM(SZ:002510) 中国基金报·2025-09-26 02:02Core Viewpoint - Tianqi Mould's control rights are undergoing a significant change, with a new agreement signed to transfer shares to the Urumqi State-owned Assets Supervision and Administration Commission, marking the fourth attempt since 2020 to change control [2][10][20]. Summary by Sections Control Rights Change - Tianqi Mould announced the termination of its previous share transfer agreement with Anhui Chaocheng New Materials Technology Co., Ltd. and signed a new agreement with Xinjiang Jianda Fanyu Industrial Investment Fund Partnership, which will result in the actual controller being changed to the Urumqi Economic and Technological Development Zone State-owned Assets Supervision and Administration Commission [2][12][10]. Share Transfer Details - The agreement involves the transfer of a total of 162 million shares, accounting for 15.94% of the company's total share capital, at a price of 6.364 CNY per share, totaling approximately 1.03 billion CNY [8][10]. - The current controlling shareholders will relinquish their voting rights corresponding to the remaining shares to consolidate control [8][10]. Historical Context - This marks the fourth attempt since 2020 to change control, with previous attempts involving different parties, including state-owned and private enterprises, all of which ultimately failed due to various reasons, including lack of progress and market conditions [18][20][19]. - The controlling shareholders, consisting of eight natural persons, are motivated to sell due to age considerations, with the oldest born in 1948 and the youngest in 1970 [21][20]. Company Performance - Tianqi Mould is a leading enterprise in the domestic automotive mould industry, with a stable performance from 2021 to 2024. However, the first half of 2025 showed a decline, with revenue of 1.016 billion CNY, down 15.46% year-on-year, and a net profit of 21.9 million CNY, down 78.72% year-on-year [23][24].