Core Viewpoint - The recent announcement by Haimer Technology (Group) Co., Ltd. indicates a significant change in control, with the transfer of shares and voting rights to Fan Zhonghua, marking the third attempt at a change of control since 2020 [1][8][14]. Share Transfer and Voting Rights - On June 13, 2025, Haimer Technology received a share transfer agreement where the controlling shareholder, Shandong New Journey Energy Co., Ltd., will transfer 20,000,000 shares (3.92% of total shares) to Fan Zhonghua, while the actual controller, Su Zhancai, will transfer 1,064,150 shares (0.21%), and shareholder Dou Jianwen will transfer 4,460,850 shares (0.87%), totaling 25,525,000 shares (5.00%) at a price of 7.9 yuan per share, amounting to 201,647,500 yuan [2][3][14]. - Following this transfer, Fan Zhonghua will hold 28.02% of the voting rights, changing the controlling shareholder from Shandong New Journey to Fan Zhonghua and the actual controller from Su Zhancai to Fan Zhonghua [3][4]. Financial Performance - In 2024, Haimer Technology reported a revenue of 599,825,845.99 yuan, a decrease of 19.36% year-on-year, and a net loss attributable to shareholders of -228,434,241.24 yuan, a decline of 802.49% [5][6]. - The company’s cash flow from operating activities also decreased by 37.64% to 98,666,246.84 yuan [6]. - For the first quarter of 2025, the company achieved a revenue of 7,768,153.62 yuan, an increase of 18.66% year-on-year, but still reported a net loss of -1,857,790.15 yuan, a 12.26% improvement compared to the previous year [7]. Control Change History - This control change is the third attempt since 2020, with previous attempts including a failed transfer to Gansu Guokai Investment Co., Ltd. in 2020 and a transfer to Shandong New Journey in early 2023 [8][10][12].