Core Viewpoint - The transfer of shares from Tan Guoying to Chen Yun marks a significant change in the control of Huafeng Co., with Chen Yun set to become the actual controller of the company [1][2][3] Share Transfer Details - Tan Guoying plans to transfer a total of 34 million shares (16% of total share capital) to Chen Yun in stages, starting with 10.7 million shares (5.04% of total share capital) for a total price of RMB 160 million [1][2] - The share transfer price is set at RMB 15 per share, with the first phase completed before further transfers can occur, expected between November 2026 and January 2027 [2] Voting Rights Delegation - A voting rights delegation agreement has been signed, allowing Chen Yun to exercise voting rights for an additional 32.1 million shares (15.11% of total share capital) held by Tan Guoying until the completion of the subsequent share transfer [3] Financial Background of Tan Guoying - Tan Guoying has cumulatively cashed out approximately RMB 351 million from share sales since November 2019, including three rounds of share reductions and a recent transfer [4][8] - Her business journey began in 1995 with the establishment of Zhaoqing Huafeng Electronic Aluminum Foil Co., and she has played a pivotal role in the company's growth and transition to the new energy materials sector [5][6] Chen Yun's Background - Chen Yun, born in 1975, has a strong background in capital markets, having co-founded companies like Helitai and Sanlipu, both of which have successfully gone public [9][10] - Currently, he is the founder, chairman, and general manager of Shengbaolai, holding a 60% stake in the company, which specializes in new automotive films and related products [10] Future Prospects - There is speculation that Shengbaolai may seek to achieve a backdoor listing through Huafeng Co. in the near future, following the completion of the share transfer [11]

Core Viewpoint - The transfer of shares from the aging chairman Tan Guoying to the capital expert Chen Yun marks a significant change in the control of Huafeng Co., Ltd. (002806.SZ), with potential implications for the company's future direction and strategy [1][3][4]. Group 1: Share Transfer Details - Tan Guoying plans to transfer a total of 34 million shares (16% of the total share capital) to Chen Yun through a phased agreement [3][4]. - The first phase involves the transfer of 10.7 million shares (5.04% of the total share capital) at a price of 15 RMB per share, totaling 1.6 billion RMB [3][4]. - The remaining 23.3 million shares will be transferred later, contingent upon the completion of the initial transfer and regulatory compliance [3][4]. Group 2: Financial Implications - Since November 2019, Tan Guoying has conducted three rounds of share reductions, cashing out approximately 1.91 billion RMB, bringing the total cashing amount to 3.51 billion RMB with the latest transfer [9][10]. - The share transfer price of 15 RMB per share reflects a strategic valuation of the company amidst the leadership transition [3][4]. Group 3: Background of Key Individuals - Tan Guoying, aged 75, has a long history in the industry, founding Huafeng Electronics in 1995 and leading the company to its listing in 2016 [6][7][8]. - Chen Yun, aged 50, is a seasoned player in the capital market, known for his roles in the successful listings of He Li Tai and San Li Pu, and currently serves as the founder and CEO of Sheng Bao Lai [11][12]. - There are speculations that Sheng Bao Lai may seek to achieve a backdoor listing through Huafeng Co., Ltd. in the near future [2][13].

Core Viewpoint - The announcement reveals a significant change in the control of Huafeng Co., Ltd. (华锋股份), with the current controlling shareholder, Tan Guoying, planning to transfer 16% of the company's shares to Chen Yun, which will result in a change of control [1][5]. Group 1: Share Transfer Details - Tan Guoying intends to transfer 34 million shares, representing 16% of the total share capital, to Chen Yun through an agreement [1]. - The first phase of the transfer involves 10.7 million shares, accounting for 5.04% of the total share capital, at a price of 15 CNY per share, totaling 161 million CNY [1]. - Following the transfer, Tan Guoying's shareholding will decrease from 20.14% to 15.11%, while Chen Yun will hold 5.04% of the shares [2]. Group 2: Background of Chen Yun - Chen Yun is described as a veteran in both capital markets and the industrial sector, having co-founded two listed companies: Helitai and Sanlipu [2][3]. - He currently holds 60% of Shengbaolai Optoelectronics Technology Co., Ltd., which focuses on the research and production of polarizers, a key material for display panels [3]. - Chen Yun's past experiences indicate a pattern of capital operation, where he has previously exited from companies after achieving share securities [3][4]. Group 3: Future Prospects and Company Strategy - Huafeng Co., Ltd. aims to leverage Chen Yun's expertise to enhance its profitability and operational sustainability through resource integration [3]. - The company is currently engaged in the research, production, and sales of electric control and drive systems for new energy vehicles, alongside its electrode foil business [5]. - The transfer of shares is seen as a strategic move to bring in a professional investor who recognizes the company's value and future development potential [5].

Core Viewpoint - The actual controller of Huafeng Co., Ltd. will change to Chen Yun, following an agreement for the transfer of shares from the current controller Tan Guoying [2][3][5]. Group 1: Share Transfer Agreement - Tan Guoying will transfer a total of 34 million shares (16.00% of the total share capital) to Chen Yun, with an initial transfer of 10.7 million shares (5.04%) at a price of 15 CNY per share, totaling approximately 161 million CNY [5]. - A voting rights entrustment agreement was also signed, allowing Chen Yun to exercise voting rights for the remaining 32.1 million shares (15.11%) held by Tan Guoying during the transfer period [5]. Group 2: Background of Chen Yun - Chen Yun is not a newcomer to the capital market; he is a co-founder of listed companies Helitai and Sanlipu, and currently serves as the founder, chairman, and general manager of Shengbaolai Optoelectronics Technology Co., Ltd., holding 60% of its shares [5][7]. Group 3: Business Overview of Huafeng Co., Ltd. - Huafeng Co., Ltd. primarily focuses on the research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the research and production of electrode foils [8]. - The company's revenue has shown an overall growth trend from 440 million CNY to 1.031 billion CNY from 2022 to 2024, although the net profit has been unstable, with figures of -9.61 million CNY, -32.4 million CNY, and 85.48 million CNY for the respective years [8]. Group 4: Recent Performance - In the first three quarters of 2025, Huafeng Co., Ltd. reported revenue of 862 million CNY, an increase of 18.75% year-on-year, but a net loss of -9.93 million CNY, a decline of 288.93% year-on-year [9]. - The revenue growth was attributed to a 60% increase in new energy vehicle business income, while the decrease in net profit was due to lower sales prices and reduced gross margins [9]. Group 5: Market Position - As of November 21, Huafeng Co., Ltd. was trading at 13.22 CNY per share, with a total market capitalization of 2.809 billion CNY [10].

Core Viewpoint - Huafeng Co., Ltd. will undergo a change in its actual controller to Chen Yun, following an agreement for the transfer of shares from the current controller Tan Guoying [1][2]. Share Transfer Details - Tan Guoying will transfer a total of 34 million shares (16.00% of total shares) to Chen Yun, with an initial transfer of 10.7 million shares (5.04%) at a price of 15 CNY per share, totaling approximately 161 million CNY [1]. - A voting rights entrustment agreement was also signed, allowing Chen Yun to exercise the voting rights of the remaining 32.1 million shares (15.11%) held by Tan Guoying [1]. Company Background - Chen Yun is not new to the capital market; he is a co-founder of listed companies Helitai and Sanlipu, and currently serves as the founder and CEO of Shengbaolai Optoelectronics Technology Co., Ltd., holding 60% of its shares [2][3]. - Huafeng Co., Ltd. primarily focuses on the research, production, and sales of electric control and drive systems for new energy vehicles, as well as electrode foil [4]. Financial Performance - Huafeng Co., Ltd. has shown fluctuating financial performance, with revenue increasing from 440 million CNY to 1.031 billion CNY from 2022 to 2024, but with unstable net profits [4]. - The company reported revenues of 658 million CNY, 719 million CNY, and 1.031 billion CNY for 2022, 2023, and 2024 respectively, with net profits of -9.61 million CNY, -32.4 million CNY, and 85.48 million CNY [4]. - In the first three quarters of 2025, Huafeng Co., Ltd. achieved revenues of 862 million CNY, an increase of 18.75% year-on-year, but reported a net loss of -9.93 million CNY, a decline of 288.93% [7].

Core Viewpoint - The controlling shareholder and chairman of Huafeng Co., Ltd. (002806), Tan Guoying, has decided to relinquish control of the company after over 20 years, with Chen Yun set to acquire control. This change comes amid Huafeng's poor financial performance, with consecutive losses projected from 2022 to 2024 [1][7]. Group 1: Ownership Change - On November 24, Huafeng announced that it received a notification from Tan Guoying regarding the signing of a share transfer intention agreement with Chen Yun on November 22 [4]. - Chen Yun or a third party controlled by him intends to acquire Tan Guoying's shares either in a lump sum or in installments, along with voting rights, to gain control of the company [4][5]. - As of the announcement date, Tan Guoying held approximately 42.8 million shares, accounting for 20.14% of the total share capital of Huafeng [5]. Group 2: Chen Yun's Background - Chen Yun is not a stranger to the capital market, having co-founded two listed companies, Helitai and Sanlipu, and has significant experience in the industry [6]. - His main asset is Shengbaolai Optoelectronics Technology Co., Ltd., which he founded and currently leads, focusing on various optical film products [6]. - Chen Yun's previous companies have been involved in sectors such as consumer electronics and smart home solutions, indicating a diverse background [6]. Group 3: Financial Performance - Huafeng has shown significant financial volatility, with projected net losses from 2022 to 2024, including a net profit of approximately -96.06 million yuan in 2022 and -324 million yuan in 2023 [7]. - In the first three quarters of 2025, Huafeng reported revenue of approximately 862 million yuan, an 18.75% year-on-year increase, but a net loss of about -9.93 million yuan, indicating a shift to losses [8]. - The company attributed revenue growth primarily to its electric vehicle business, which saw a 60% increase, while declining sales prices and lower gross margins contributed to the net profit decrease [8]. Group 4: Market Reaction - Prior to the suspension of trading, Huafeng's stock price fell by 4.13% to 13.22 yuan per share, with a total market capitalization of approximately 2.809 billion yuan [9].

Core Viewpoint - Guangdong Huafeng New Energy Technology Co., Ltd. is planning a change in control, leading to a temporary suspension of its stock trading starting November 24, 2025 [1] Group 1: Company Overview - Huafeng Co., Ltd. is primarily engaged in the research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the research, production, and sales of electrode foils [3] - The current chairman and actual controller, Tan Guoying, is a 75-year-old female senior engineer with a background in various leadership roles in educational and investment institutions [3] Group 2: Financial Performance - In the first half of 2025, Huafeng Co., Ltd. achieved total operating revenue of 586 million yuan, representing a year-on-year increase of 25.89% [3] - The net profit attributable to shareholders was -7.3964 million yuan, a significant year-on-year decline of 416.6% [3] - The decline in performance is attributed to a decrease in sales price and gross margin of electrode foils, as well as intensified competition in the new energy vehicle sector leading to lower product sales prices and margins [3] Group 3: Shareholder Activity - On September 20, 2025, shareholder and general manager Lin Cheng announced plans to reduce his holdings by up to 203.06 million shares (0.96% of total shares) within three months starting from October 21, 2025 [3] - On October 29, 2025, Lin Cheng sold 566,000 shares at an average price of 13.85 yuan per share [5] - Prior to the suspension, Huafeng's stock price was 13.22 yuan per share, with a total market capitalization of 2.809 billion yuan [6]

Core Viewpoint - Guangdong Huafeng New Energy Technology Co., Ltd. is planning a change in control, leading to a temporary suspension of its stock trading starting November 24, 2025 [1] Group 1: Company Overview - Huafeng Co., Ltd. primarily engages in the research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the research, production, and sales of electrode foils [4] - The current chairman, controlling shareholder, and actual controller is Tan Guoying, a 75-year-old female senior engineer with a background in various leadership roles [3] Group 2: Financial Performance - In the first half of 2025, Huafeng Co., Ltd. achieved total operating revenue of 586 million yuan, a year-on-year increase of 25.89% [5] - The net profit attributable to shareholders was -7.3964 million yuan, a year-on-year decline of 416.6%, primarily due to decreased sales prices and profit margins in both electrode foil and new energy vehicle sectors [5] Group 3: Shareholder Activity - On September 20, 2025, shareholder and general manager Lin Cheng announced plans to reduce his holdings by up to 203.06 million shares, representing 0.96% of the total share capital, within three months starting from October 21, 2025 [5] - On October 29, 2025, Lin Cheng sold 566,000 shares at an average trading price of 13.85 yuan per share [7] - Prior to the suspension, Huafeng Co., Ltd.'s stock price was 13.22 yuan per share, with a total market capitalization of 2.809 billion yuan [8]

Core Viewpoint - Huafeng Co., Ltd. is planning to change its control rights, leading to a temporary suspension of its stock trading starting November 24, 2025 [2] Group 1: Company Overview - Huafeng Co., Ltd. is primarily engaged in the research, production, sales, and technical services of electric control and drive systems for new energy vehicles, as well as the research, production, and sales of electrode foils [4] - The current chairman and actual controller, Tan Guoying, is a 75-year-old female senior engineer with a background in various leadership roles in educational and investment institutions [4] Group 2: Financial Performance - In the first half of 2025, Huafeng Co., Ltd. achieved an operating revenue of 586 million yuan, representing a year-on-year increase of 25.89% [4] - The net profit attributable to shareholders of the listed company was -7.3964 million yuan, a significant decline of 416.6% year-on-year [4] - The decline in performance is attributed to a decrease in the sales price and gross margin of electrode foils, as well as intensified competition in the new energy vehicle sector leading to lower product sales prices and gross margins [4] Group 3: Shareholder Activity - On September 20, 2025, Lin Cheng, a shareholder and general manager holding 3.82% of the company's total shares, announced plans to reduce his holdings by up to 203.06 million shares (0.96% of total shares) within three months starting from October 21, 2025 [5] - On October 29, 2025, Lin Cheng sold 566,000 shares at an average trading price of 13.85 yuan per share [6] - Prior to the suspension, Huafeng Co., Ltd.'s stock price was 13.22 yuan per share, with a total market capitalization of 2.809 billion yuan [7]

Core Points - Huafeng Co., Ltd. experienced a stock price increase of 5.01%, reaching 13.84 CNY per share, with a total market capitalization of 2.941 billion CNY [1] - The company specializes in the research, production, and sales of electric control and drive systems for new energy vehicles, contributing 62.02% to its main business revenue, while electrode foil accounts for 37.95% [1] Company Overview - Huafeng Co., Ltd. was established on August 30, 1995, and went public on July 26, 2016 [1] - The company is located in the Jin Du Industrial Park, Gaoyao District, Zhaoqing City, Guangdong Province [1] Shareholder Information - Noan Fund's Noan Multi-Strategy Mixed A (320016) entered the top ten circulating shareholders, holding 1.3087 million shares, which is 0.75% of the circulating shares [2] - The fund has achieved a year-to-date return of 75.13%, ranking 210 out of 8145 in its category [2] Fund Manager Details - The fund manager of Noan Multi-Strategy Mixed A is Kong Xianzheng, who has been in the position for 4 years and 353 days [3] - The fund's total asset size is 5.608 billion CNY, with the best return during his tenure being 91.19% [3]