Zodi Investment(SZ:000609) 中国基金报·2025-11-18 04:07Core Viewpoint - ST Zhongdi has achieved a remarkable 20 consecutive trading limit increases, with its stock price reaching 11.25 yuan per share and a total market capitalization of 3.4 billion yuan as of November 18 [2]. Group 1: Company Background and Control - Shenzhen Tianwei Investment Partnership acquired control of ST Zhongdi for 255 million yuan through judicial auction on October 17 [4]. - Tianwei Investment was established in July 2023, with its founders being Meng Hongda and Zhang Wei, who are also co-founders of Shenzhen Tianwei Electronics Co., Ltd., a national high-tech enterprise specializing in integrated circuit design and semiconductor equipment manufacturing [7]. Group 2: Stock Performance and Market Reactions - ST Zhongdi's stock price has seen significant volatility, leading to its suspension for investigation on November 13 due to abnormal fluctuations [8]. - The company reported a cumulative stock price increase of over 153.19% from October 16 to November 12, with seven instances of abnormal price movements during this period [8]. Group 3: Financial Performance - For the first three quarters of 2025, ST Zhongdi reported operating revenue of 134.71 million yuan, a year-on-year decrease of 52.64%, and a total profit of -151.07 million yuan, down 41.83% [8]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was -132.35 million yuan, a decline of 34.12% year-on-year [8]. Group 4: Risks and Regulatory Monitoring - If ST Zhongdi's audited financials for 2025 show negative values for total profit, net profit, and net profit after excluding non-recurring items, and if its operating revenue is below 300 million yuan, the stock may face delisting risk [9]. - The company reported a negative equity of -8.52 million yuan for the first three quarters of 2025, indicating potential delisting risks if the year-end net assets remain negative [9]. - The Shenzhen Stock Exchange is closely monitoring ST Zhongdi and may impose strict regulatory measures on abnormal trading behaviors [9].