登录新浪财经APP 搜索【信披】查看更多考评等级 出品：新浪财经上市公司研究院 文/夏虫工作室 核心观点：冯彬与邓晖通过慧达富能采取"协议转让+表决委托"拿下ST智云（维权）控股权。值得注意 的是，上市公司因财务造假被ST，叠加其基本面羸弱，未来又是否可能存在保壳压力？ 随着二级市场行情火爆，A股上市公司控制权交易也显得异常活跃。据wind统计，截止12月15日，出现 实控人变更的上市公司数量超170家，从变更方式看分别包括协议转让、表决权委托、无偿划转、司法 拍卖等几种形式。 | A 正存代到 | 让东名材 | 止存类 | A | 事件大学 | 重量家。 | 发生日期Y | 事件损失 | | 拔露日期。 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 300551. SZ | 古盈科技 | 股票 | | 公司资料变 | 实际控制人 | 2025-12-12 | 实际控制 | N | 2025-12-15 | | 603179. SH | 新泉股份 | 股票 | | 公司资料变 | 实际控制人 | 2025-12-12 | 实 ...

Core Viewpoint - ST Zhiyun is undergoing a significant change in its controlling shareholder and actual controller, which is expected to optimize the company's management and resource allocation to meet future development needs [1][2]. Group 1: Shareholder Changes - The controlling shareholder, Shenzhen Huida Funeng Technology Partnership, will acquire 18.61% of the voting rights in ST Zhiyun, becoming the new controlling shareholder [1]. - The change involves three core transactions: a voting rights delegation from shareholder Shi Liquan for 24.7076 million shares (8.56% of total shares), a share transfer agreement with shareholder Tan Yongli for 14.5 million shares (5.03%), and a share transfer from Song Changjiang to investor Yao Yongjun for another 14.5 million shares (5.03%) [1][2]. Group 2: Company Background and Current Situation - ST Zhiyun specializes in high-end intelligent manufacturing equipment, focusing on automation equipment for flat panel display modules and automotive powertrains [2]. - The company is currently in a period of operational adjustment, facing significant financial pressure, with a reported revenue of 132 million yuan, a year-on-year decline of 63.07%, and a net loss of 112 million yuan, a staggering drop of 974.88% [3]. - The company has been under risk warning due to financial misconduct by a subsidiary, leading to a change in its stock name to "ST Zhiyun" [2]. Group 3: Financial Performance - The gross profit margin has decreased by 27.83 percentage points to 13.38%, with a net profit margin of -84.52% [3]. - The liquidity situation is concerning, with cash covering only 10.63% of current liabilities, indicating significant short-term repayment pressure [3].