Group 1 - DeLi Co., Ltd. has suspended its stock trading since October 9, 2023, due to its controlling shareholder, Shi Weidong, planning a change in company control, with the suspension expected to last no more than two trading days [1] - As of October 10, 2023, the stock remains suspended, and the company has not disclosed details regarding the reasons for the control transfer or the potential buyer, advising investors to await further announcements [1] - The company announced on October 10 that the stock will continue to be suspended until October 13, 2025, with the control change still in the planning stage and significant uncertainties remaining [1] Group 2 - DeLi Co., Ltd. has faced continuous losses for three and a half years, with a decline in both revenue and net profit in the first half of 2025 [2] - Since its establishment in 2002, DeLi has grown from a single furnace with a production capacity of 11,000 tons per year to seven furnaces with a capacity of 103,000 tons per year [2] - In 2023, DeLi achieved a sales revenue of 1.329 billion yuan, an increase of 18.25% year-on-year, with foreign trade export revenue reaching 333 million yuan, up 25.06% [2] Group 3 - The company has been profitable in most years since its listing in 2011, with losses recorded in 2015, 2016, 2018, 2022, 2023, and 2024 [2] - In 2015, the company faced significant challenges due to economic downturns, leading to a noticeable decline in gross profit margin despite management efforts to mitigate adverse market conditions [2][3] - By 2018, the company's losses exceeded 100 million yuan, attributed to low market demand and intensified competition [4] Group 4 - DeLi attempted to diversify its business by exploring a "dual main business" strategy, which included investments in the gaming industry, although this initiative faced challenges and was ultimately abandoned [5][6][7] - In 2015, DeLi announced a major asset restructuring to acquire Guangzhou Chuangsi, a gaming company, but the deal was terminated in 2016 due to legal issues surrounding the target company [7] - Recently, DeLi sold its stake in Fengyang Derui Mining Co., Ltd. for 13.5 million yuan to improve cash flow and focus on its core business [7] Group 5 - Shi Weidong, the founder and controlling shareholder of DeLi, has been involved in significant share transactions, including a transfer of shares worth 387.5 million yuan to Jinjiang Group in 2018 [8] - As of June 2025, Shi directly holds 31.68% of DeLi's shares, with a portion of these shares pledged [8] - Despite previously expressing commitment to the glass industry, Shi is now planning a change in control, raising questions about the company's future direction [9]