Guangzhou Hangxin Aviation Technology (SZ:300424) 中国基金报·2025-11-03 15:18Core Viewpoint - The controlling shareholder of Hangxin Technology is set to change to Quzhou Chuangke, with the resumption of trading on November 4 following a suspension since October 28 due to the ownership change announcement [2][5]. Group 1: Ownership Change Details - Hangxin Technology's current controlling shareholder, Guangzhou Hengmao, will transfer shares to Quzhou Chuangke and Hangzhou Changsheng, with a total transaction value of 535 million yuan at a price of 14.57 yuan per share, reflecting a discount rate of 27.76% compared to the closing price of 20.17 yuan on October 27 [9][10]. - After the transfer, Quzhou Chuangke will hold 9.9557% of the shares and have voting rights corresponding to 14.9557% of the shares, effectively becoming the new controlling shareholder with Hu Chen as the actual controller [10]. Group 2: Financial Performance and Strategic Reasons - Hangxin Technology reported a projected loss exceeding 90 million yuan for 2024, attributed to increased receivables and higher bad debt provisions [11][15]. - The company’s net profit figures from 2021 to the first three quarters of 2025 show a decline, with a net profit of -95.38 million yuan in 2024 compared to profits in previous years [13][15]. - Guangzhou Hengmao's decision to divest is part of a strategic adjustment, while Quzhou Chuangke and Hangzhou Changsheng aim to leverage their operational management experience to enhance Hangxin Technology's competitiveness [12][16]. Group 3: Background on Quzhou Chuangke - Limited public information is available about Quzhou Chuangke, but it is known to include shareholders from Quzhou's state-owned assets investment platform, with a significant stake held by Quzhou City Xin'an Guanghe Industry M&A Equity Fund [17].