Core Viewpoint - Hualing Precision Engineering (603356.SH) announced the termination of its plan to issue A-shares to specific investors, which also halts the change of control involving Shangrao Juzhun [1][3] Group 1: Termination of A-share Issuance - The company held board meetings on September 26, 2025, where it approved the termination of the A-share issuance to specific investors [1] - The termination will prevent Shangrao Juzhun from acquiring control of Hualing Precision Engineering, maintaining Huang Yehua as the controlling shareholder [1][3] Group 2: Financial Performance - Hualing Precision Engineering reported net profits attributable to shareholders of -0.09 billion, -1.04 billion, -1.57 billion, and -0.46 billion from 2022 to the first half of 2025 [3] - The company's operating revenue for 2024 was approximately 1.12 billion, a decrease of 27.80% compared to 2023 [4] - The net profit attributable to shareholders for 2024 was -0.16 billion, compared to -0.10 billion in 2023 [4] Group 3: Shareholder Structure Changes - Following the planned issuance, Shangrao Juzhun would have become the controlling shareholder, with the Huang Yehua family holding 18.69% of shares post-issuance [2] - The actual controller would have shifted from the Huang Yehua family to Zheng Jianbo after the issuance [2]

Group 1: Government Initiatives - The National Development and Reform Commission (NDRC) plans to implement practical measures to promote private investment development by expanding access, addressing bottlenecks, and strengthening guarantees [2] - The Ministry of Industry and Information Technology (MIIT) and eight other departments issued a work plan for the non-ferrous metals industry, targeting an average annual growth of around 5% in value-added output from 2025 to 2026 [3] Group 2: Company News - New Dazheng announced a major asset restructuring plan to acquire 75.15% of Jiaxin Liheng's equity, aiming to enhance its business presence in key economic regions [4][5] - Yidao Information is planning to acquire controlling stakes in Guangzhou Langguo Electronics and Shenzhen Chengwei Information, which is expected to constitute a major asset restructuring [5] - Guanzhong Ecology's controlling shareholder is transferring 15.5% of shares to Deep Blue Financial Whale, which will result in a change of control [6] - Duori Pharmaceutical is undergoing a control change process, leading to a temporary suspension of its stock [7] - Asia Pacific Pharmaceutical is also planning a control change, with its stock suspended for a short period [7] - Zhonghuan Environmental Protection is in the process of a control change, resulting in a temporary stock suspension [7] - Zhiguang Electric is planning to purchase minority stakes in its subsidiary Zhiguang Energy, with a stock suspension expected [8] - New Light Optoelectronics received a notice regarding the detention of its controlling shareholder, but the company's control remains unchanged [8]

Group 1: Control Change Announcements - Asia Pacific Pharmaceutical announced that its controlling shareholder is planning a change in company control, leading to a stock suspension starting September 29, with an expected duration of no more than 2 trading days [2] - Multiway Pharmaceutical also announced a similar control change plan, resulting in a stock suspension from September 29, with an expected duration of no more than 2 trading days [3] - Zhonghuan Environmental Protection's controlling shareholder is also planning a control change, leading to a stock suspension from September 29, with an expected duration of no more than 2 trading days [3][4] Group 2: Financial Performance - Asia Pacific Pharmaceutical reported a revenue of 152 million yuan for the first half of the year, a year-on-year decrease of 31.48%, while net profit attributable to shareholders was 105 million yuan, an increase of 1820.97% [2] - Multiway Pharmaceutical's revenue for the first half was 107 million yuan, down 29.13%, with a net loss of 42.5 million yuan compared to a loss of 3.28 million yuan in the previous year [3] - Zhonghuan Environmental Protection achieved a revenue of 474 million yuan in the first half, a year-on-year increase of 4.84%, with a net profit of 44.09 million yuan, up 9.69% [4] Group 3: Asset Acquisition Plans - Zhiguang Electric is planning to acquire all or part of the minority equity of its subsidiary, Guangzhou Zhiguang Energy Technology Co., Ltd., through a combination of share issuance and cash payment, with a stock suspension starting September 29, expected to last no more than 10 trading days [6] - Yidao Information is planning to acquire the controlling stakes in Guangzhou Langguo Electronic Technology Co., Ltd. and Shenzhen Chengwei Information Co., Ltd. through share issuance and cash payment, with a stock suspension starting September 29, expected to last no more than 10 trading days [8]

Core Viewpoint - Hualing Precision Engineering has terminated its private placement of A-shares, leading to the cessation of the control change involving Shangrao Juzhun Qiming Enterprise Management Partnership [2][3] Group 1: Termination of Private Placement - On September 26, Hualing Precision Engineering announced the termination of its plan to issue A-shares to Shangrao Juzhun, which would have resulted in a change of control [2] - The company’s major shareholder remains Huang Yehua, with the actual controllers being Huang Yehua, Ma Xiping, and Huang Chao, all from the same family [2] - The private placement was initially approved on March 10, 2025, but the company failed to submit the necessary application documents to the Shanghai Stock Exchange for over six months [2][3] Group 2: Historical Context - Hualing Precision Engineering had previously attempted a control change in May 2023, which also failed due to conflicts arising from a 9.5% share transfer to Jiedeng Zero Carbon [3] - After the previous conflict, the Huang family regained control of the board, only to seek another control change shortly thereafter [3] Group 3: Financial Performance - Since 2021, Hualing Precision Engineering has experienced significant declines in performance, with continuous negative growth in revenue [4] - The company reported a net loss for four consecutive years, with losses increasing from -3.99 million to -1.51 billion [4] - As of the first half of 2025, the company continued to incur losses of over 46 million [4] Group 4: Revenue and Profitability Metrics - The total revenue for Hualing Precision Engineering has decreased from 2.23 billion in 2021 to 1.12 billion in 2024, reflecting a year-on-year decline of 27.80% [5] - The gross profit has also seen a decline, dropping from 165.57 million in 2021 to 25.65 million in 2024 [5] - The company’s market capitalization as of September 27 is 1.735 billion [6]

Core Viewpoint - The company has decided to terminate the issuance of A-shares to specific investors, which will also lead to the termination of the acquisition of control by Shangrao Juzhun [2][5][10] Group 1: Termination of A-share Issuance - The company held meetings on September 26, 2025, where the board and supervisory committee approved the termination of the A-share issuance to specific investors [2][6][8] - The initial plan involved issuing up to 40,000,000 shares, which would have represented 30% of the company's total share capital before issuance [2][3] - The decision to terminate was made after considering changes in the capital market environment and the company's development plans [5][9] Group 2: Impact on Control and Management - The termination of the A-share issuance will result in Shangrao Juzhun's acquisition of control over the company being called off, maintaining Huang Yehua as the controlling shareholder and actual controllers [2][10] - The company assures that its business operations will continue normally and that the termination will not adversely affect its ongoing operations and stable development [10] Group 3: Approval Process - The termination decision was made following the proper procedures as outlined in the company's articles of association and relevant laws [9] - The independent directors supported the termination, stating it was a prudent decision considering the macro and micro capital market conditions [9]

Core Viewpoint - Hualing Precision Engineering has announced the termination of its control change plan, which was aimed at issuing A-shares to Shangrao Juzhun, following a comprehensive assessment of the current capital market environment and the company's development strategy [2][5]. Group 1: Control Change Plan - The company decided to terminate the issuance of A-shares to Shangrao Juzhun, which also means the end of the acquisition of control rights by Shangrao Juzhun [2]. - The company's current controlling shareholder remains Huang Yehua, with the actual controllers being Huang Yehua, Ma Xiping, and Huang Chao [2]. - This is not the first failed attempt at a control change; a previous attempt in 2023 to transfer control to Baoxin Technology's actual controller Ma Wei also failed [8]. Group 2: Financial Performance - Hualing Precision Engineering has faced declining revenues and increasing losses over the past three years, with a reported revenue of 445 million yuan in the first half of this year, a year-on-year decrease of 20.48%, and a net loss of 46.11 million yuan [9]. - The company has been actively working on cost reduction and efficiency improvement while exploring new business opportunities to foster growth [9]. Group 3: Business Operations - Despite the termination of the control change plan, the company stated that it would not adversely affect its normal operations and ongoing development [5]. - The company has established a joint venture with Zhejiang Juzhun Holding Group to develop and sell elevator energy storage products, aiming to expand its business in this area [9].

Core Viewpoint - Tianqi Mould's actual controller is set to change to Urumqi State-owned Assets, following the termination of the previous agreement with Anhui Chaocheng New Materials Technology Co., Ltd. and the signing of a new share transfer agreement with Xinjiang Jianda Fanyu Industrial Investment Fund Partnership [1][9]. Group 1: Share Transfer Agreement - On September 24, Tianqi Mould's controlling shareholders signed a share transfer agreement with Xinjiang Jianda Fanyu, intending to transfer a total of 162 million shares, representing 15.94% of the company's total equity [3][6]. - The agreed transfer price is 6.364 CNY per share, totaling approximately 1.03 billion CNY [8]. - If the transaction is approved and completed, the controlling shareholder will change to Jianda Fanyu, and the actual controller will be the Urumqi Economic and Technological Development Zone State-owned Assets Supervision and Administration Commission [8]. Group 2: Termination of Previous Agreement - The previous share transfer intention agreement with Anhui Chaocheng was terminated due to the inability to reach consensus on share quantity, payment methods, and funding sources [9][12]. - The agreement with Anhui Chaocheng was signed on July 9, 2024, for the same number of shares (162 million), which represented 17.17% of the company's total equity at that time [12]. Group 3: Historical Context of Control Changes - This marks the fourth attempt at a change of control for Tianqi Mould since 2020, with previous attempts involving different parties, including state-owned enterprises and private companies [13][14]. - The controlling shareholders, consisting of eight natural persons, are motivated to sell control due to age considerations, with the oldest born in 1948 and the youngest in 1970 [15]. Group 4: Company Performance - Tianqi Mould is a leading enterprise in the domestic automotive mould industry, established in 1996 and listed in 2010 [15]. - The company reported a revenue of 1.016 billion CNY for the first half of 2025, a decrease of 15.46% year-on-year, and a net profit of 21.90 million CNY, down 78.72% year-on-year [15].

Core Viewpoint - Tianqi Mould's actual controller is set to change to Urumqi State-owned Assets Supervision and Administration Commission following a share transfer agreement with Xinjiang Jianda Fan Yu Industrial Investment Fund Partnership [1][6]. Group 1: Control Change Announcement - Tianqi Mould announced the termination of its share transfer intention agreement with Anhui Chaocheng New Materials Technology Co., Ltd. after prolonged negotiations failed to reach consensus [1][7][12]. - The new agreement involves the transfer of 162 million shares, representing 15.94% of the company's total share capital, to Xinjiang Jianda Fan Yu [5][6]. - The share transfer price is set at 6.364 yuan per share, totaling approximately 1.03 billion yuan [6]. Group 2: Historical Context - This marks the fourth attempt at a control change since 2020, with previous attempts involving different parties, including state-owned and private enterprises, all of which ultimately failed [1][13][16]. - The previous agreements included a failed attempt with a state-owned enterprise in 2020 and another with a private company in 2023, both of which were terminated due to various reasons including lack of progress and market conditions [13][15][16]. Group 3: Company Performance - Tianqi Mould has shown steady performance from 2021 to 2024, but reported a decline in revenue and net profit for the first half of 2025, with revenue of 1.016 billion yuan, down 15.46%, and net profit of 21.9 million yuan, down 78.72% year-on-year [17]. - The company is recognized as a leading player in the domestic automotive mould industry, having been established in 1996 and listed on the Shenzhen Stock Exchange in 2010 [16].

【导读】天汽模实控人拟变更为乌鲁木齐国资 见习记者 夏天 9 月 25 日晚间， 天汽模（证券代码： 002510 ） 接连发布两则公告，宣告其控制权变更事项迎来重大转折。 一方面，公司与安徽潮成新材料科技有限公司历时一年多的《股份转让意向性协议》终止；另一方面，公司火速找到了新的接盘方 —— 控股股东与新疆建发梵宇产业投资基金合伙企业（有限合伙）签署股份转让协议，若交易完成，公司实控人将变更为乌鲁木齐经济技术 开发区国资委。 这是自 2020 年以来，这家国内汽车模具行业的领军企业第四次筹划控制权变更事项。本次与乌鲁木齐经开区国资的 " 联姻 " ，最终能 否成功，值得市场关注。 9月26日开盘，天汽模冲上涨停板。 | 6.72 | | ਕੇ 0.00% | | O | | --- | --- | --- | --- | --- | | | | | ポリ 7.39 989940 | | | | | | 곡2 7.38 | 1098 | | | | | ਡੈੱਤ 7.37 | 161 | | | | | 24 7.36 | 324 | | 6.05 | | -9.97% | 7.35 ਜੋ 5 | 139 | ...

Core Viewpoint - The company, Aowei New Materials, has experienced significant stock price volatility, leading to multiple trading suspensions and a remarkable increase in stock value, marking it as a "20x stock" in 2023 with a year-to-date increase of over 1800% [1] Group 1 - Aowei New Materials announced that its stock will be suspended from trading starting September 26 until a verification announcement is disclosed [1] - The stock has repeatedly encountered abnormal trading fluctuations, with 8 instances of abnormal trading and 7 instances of severe abnormal trading since July 9 [1] - The company has become the first "10x stock" and subsequently the first "20x stock" of the year, showcasing its extraordinary performance in the market [1]