图片来源：图虫 智通财经记者 | 陈慧东 家电企业小崧股份（002723.SZ）要易主了，接盘方与原控股股东关系匪浅。 原控股股东深圳华欣创力科技实业发展有限公司（下称"华欣创力集团"）入主8年间，小崧股份连连亏损，曾先后跟风布局电子烟、热泵等赛道，但收效甚 微，原实控人蔡小如还深陷债务危机。 上海嘉晟时代企业管理合伙企业（有限合伙）（下称"嘉晟时代"）以2.86亿元价格从华欣创力处拿下小崧股份9.25%的股份，成为小崧股份新控股股东。 智通财经通过天眼查发现，即将接盘的新实控人之一刘凌爽系原控股股东华欣创力集团核心人员，在该集团5家成员企业任职董事、经理等职位，这5家公司 穿透后均由小崧股份控制。 为何选择原控股股东成员企业接手控制权，后续是否有资产重整计划？智通财经记者拨打小崧股份证券部公开电话，截止发稿未能接通。 据小崧股份公告，嘉晟时代成立于今年11月18日，注册资本2亿元。上海炎曦创际、中山市恒得顺科技、罗明华的出资比例分别为49%、1%、50%。 新老实控人关系密切 嘉晟时代持股情况。图片来源：公告 根据交易方案，华欣创力集团拟向嘉晟时代协议转让其持有的小崧股份3073.79万股股份（占公司总股本 ...

Core Viewpoint - Guangdong Xiaocong Technology Co., Ltd. is undergoing a significant ownership change, with Shenzhen Huaxin Chuangli Technology Industrial Development Co., Ltd. transferring its shares to Shanghai Jiasheng Times Enterprise Management Partnership, marking a new chapter for the company after nearly a decade of public listing [1][2]. Group 1: Ownership Change - The controlling shareholder, Huaxin Chuangli, signed a share transfer agreement to sell 30,737,862 shares at a price of 9.32 yuan per share, totaling approximately 286.48 million yuan [1][2]. - Upon completion of the transaction, Jiasheng Times will become the new controlling shareholder with a 9.25% stake, while Huaxin Chuangli will no longer hold any shares [1][2]. Group 2: New Shareholder Background - Jiasheng Times was established on November 18, 2025, with a registered capital of 200 million yuan, and its equity structure includes key figures such as Luo Minghua and Liu Lingshuang, who have signed a concerted action agreement [2]. - Luo Minghua, born in 1979, has a background in management and has previously controlled other companies, while Liu Lingshuang, born in 1992, has held significant positions in various investment and technology firms [2]. Group 3: Transition and Governance - The agreement stipulates that Huaxin Chuangli must maintain stable management and refrain from major asset disposals or executive changes before the share transfer is completed, unless agreed upon by Jiasheng Times [2]. - After the share transfer, Jiasheng Times will have the authority to reorganize the board and nominate more than half of the directors, while the existing management team will continue to operate the current business for a smooth transition [2]. Group 4: Company Performance - Xiaocong Technology has faced declining performance, reporting net losses of 6.92 million yuan in 2023, 22.5 million yuan in 2024, and 7.11 million yuan in the first three quarters of 2025 [3]. - As of September 30, 2025, the company's debt-to-asset ratio was 61.46%, an increase of 7.46% year-on-year, with accounts receivable amounting to 465 million yuan, up 6.12% year-on-year [4].