GRANDWALL(SH:603897) 中国基金报·2025-11-08 05:03Core Viewpoint - Great Wall Technology has terminated its plan for a change in control, as the parties involved could not reach a consensus on key issues after thorough discussions [2]. Group 1: Control Change Plan - On November 7, Great Wall Technology announced the termination of its control change plan due to the lack of agreement on core matters with the transaction counterparties [2]. - The actual controllers, Gu Linxiang and Shen Baozhu, were involved in discussions regarding the transfer of shares, which could have led to a change in control [7]. - The stock was suspended from trading on November 3, 2025, due to significant uncertainties surrounding the control change [7]. Group 2: Stock Resumption - The company has applied for the resumption of its stock trading, which is scheduled to resume on November 10, 2025 [4]. - The stock suspension lasted from November 3 to November 10, 2025, with an initial expectation of no more than three trading days of suspension [7]. Group 3: Shareholding Structure - Gu Linxiang directly holds 18.75% of the shares, while Shen Baozhu holds 14.54%, together controlling approximately 33.29% of the company [9]. - Through Huzhou Great Wall Electronics Technology Co., Ltd., they further extend their control to about 58.35% of the total shares [9]. Group 4: Company Performance - For the first three quarters of 2025, Great Wall Technology reported a revenue of 9.44 billion, a year-on-year decrease of 0.7%, while the net profit attributable to shareholders increased by 13.8% to 215 million [11]. - The company specializes in the research and production of electromagnetic wire products, which are widely used in various industries including new energy, home appliances, industrial motors, automotive electronics, power tools, and instruments [10].