Core Viewpoint - SanChao New Materials (300554) is planning a change in company control, leading to a temporary suspension of its stock trading starting July 31, 2025, for no more than two trading days [1]. Company Overview - SanChao New Materials was established in 1999 and is located in Jiangning District, Nanjing, with its office in Jurong City, Jiangsu Province. The company was listed on the ChiNext board on April 21, 2017, and currently has a market capitalization of approximately 2.8 billion yuan [1]. - The company specializes in the research, production, and sales of superhard material tools and semiconductor manufacturing equipment, including electroplated diamond wires and diamond grinding wheels [1]. Shareholder Information - The current controlling shareholder and actual controller is Zou Yuyiao, who holds 40,941,536 shares, accounting for 35.85% of the company as of May 20, 2025 [1]. - Zou Yuyiao, born in 1970, is 55 years old and serves as the chairman and general manager of SanChao New Materials [1]. Financial Performance - In 2024, SanChao New Materials reported an operating income of 348.83 million yuan, a year-on-year decrease of 27.49%. The net profit attributable to shareholders was -140.94 million yuan, a decline of 623.64%, marking the largest annual loss since its listing [4]. - The company has recorded a cumulative net profit of -29.32 million yuan since its listing, with cumulative cash dividends of 34.51 million yuan, indicating that the company has earned less from operations compared to selling the business [8][9]. Recent Shareholding Changes - On May 15, 2025, Zou Yuyiao reduced his stake by transferring 5,647,178 shares, representing 4.94% of the total share capital, which decreased his holding from 40.79% to 35.85% [4][6]. - The share transfer involved six investment institutions, with a transaction price of 15.68 yuan per share, totaling approximately 88.55 million yuan [6][7]. Market Context - SanChao New Materials is the second company in Nanjing to plan a change in control in July 2025, following JinZhi Technology, which also disclosed a control transfer [8]. - A broader trend in the A-share market shows that over 30 companies have announced control transfers since July, indicating a significant movement in corporate governance within the market [8].

Group 1: Company Overview and Financial Performance - Jiangsu Sanjing's revenue grew from 3.61 million to 38.86 million in 2024, achieving a net profit of 1.6355 million, marking its first profitable year [4][10] - Semiconductor consumables accounted for nearly 50% of the diamond grinding wheel segment, with a year-on-year revenue growth of 67.54% [10] - The company plans to continue expanding its semiconductor consumables business, which has shown strong growth momentum [10] Group 2: Product Applications and Market Position - The company specializes in ultra-hard material tools, essential for precision machining in various industries, including machinery manufacturing and electronics [3] - Current products do not directly apply to exoskeleton robots or screw rod production robots [2][3] - The company has not yet provided semiconductor consumables to Cambricon [5] Group 3: R&D and Innovation - Significant R&D investments are focused on semiconductor consumables and related equipment, including GaAs LED slicing knives and automated wafer thinning machines [6][12] - The company aims to enhance its technological capabilities and product quality to compete with Japanese imports in the semiconductor precision diamond tool sector [10][12] Group 4: Market Strategy and Future Plans - The company plans to actively explore overseas markets, leveraging its Japanese subsidiary, SCD, as a marketing center [8][9] - Adjustments in the photovoltaic sector include scaling back certain product lines while maintaining a focus on technological innovation [10][11] - The company recognizes the importance of domestic production in the semiconductor industry, emphasizing the need for localization amid complex geopolitical conditions [5][11] Group 5: Cost Control and Management - Cost control measures include competitive procurement, lean production management, and strict budget management to optimize operational efficiency [7] - The company is committed to maintaining product quality while enhancing cost management capabilities [7]