Core Viewpoint - Huashi Technology is planning a major change in control, leading to a temporary suspension of its stock trading starting January 13, 2026, to ensure fair information disclosure and protect investor interests [2][4]. Group 1: Company Overview - Huashi Technology focuses on providing information system integration and technical services for smart city clients, including sectors like smart governance, smart living, and smart buildings [4]. - The company has experienced a decline in performance since its successful listing on the STAR Market in 2022, with a significant loss reported in 2025 [4]. Group 2: Financial Performance - In the first three quarters of 2025, Huashi Technology achieved a revenue of 353 million yuan, representing a year-on-year increase of 60.27%. However, the net profit attributable to shareholders was a loss of 19.21 million yuan, a drastic decline of 310.51% compared to the previous year [6]. - The decline in net profit is attributed to lower gross margins and increased bad debt losses [6]. Group 3: Recent Developments - Two months prior to the announcement, Huashi Technology invested 22.5 million yuan to acquire a 15% stake in Hangzhou Yuchuang Robot Technology Co., with the latter's valuation at 123 million yuan [6]. - Following the announcement on January 12, 2026, Huashi Technology's stock price surged by 17.15%, closing at 29.38 yuan per share, marking a new high for the past year, with a market capitalization of 3.351 billion yuan [10].