值得注意的是，作为华锋股份接盘方的陈运，并非资本市场的陌生面孔，其曾在两家上市公司任联合创 始人。资料显示，陈运曾担任合力泰联合创始人、董事、副总经理，但于2018年退出。据悉，合力泰于 2008年登陆A股市场，在消费电子、智能家居、智能金融数据终端、工业控制及自动化、民生能源、健 康医疗、车载电子等领域为全球提供液晶触控显示模组和OLED触显模组等综合解决方案。 带领华锋股份20多年后，控股股东、实际控制人及董事长谭帼英决定让出公司控制权。11月24日早间， 华锋股份披露筹划易主停牌公告，午间揭晓接盘方，陈运拟取得华锋股份控制权，公司股票即日起停 牌。在陈运履历上，可以看到合力泰、三利谱两家上市公司的身影，其曾任两家公司联合创始人，目前 旗下主要资产系胜宝莱光电科技有限公司（以下简称"胜宝莱"）。此次易主背后，近年来华锋股份的业 绩并不理想，2022—2024年扣非后归属净利润接连亏损，今年前三季度净利、扣非后归属净利润也均处 亏损状态。 陈运拟获控制权 11月24日午间，华锋股份披露公告称，公司收到谭帼英通知，获悉其与陈运于11月22日签署《股权转让 意向协议》，陈运或其控制的第三方拟一次性或者分期收购谭 ...

带领华锋股份（002806）走过逾20年后，控股股东、实际控制人及董事长谭帼英决定让出公司的控制权。11月24日早间，华锋股份披 露筹划易主停牌公告，当日午间揭晓了公司的接盘方，陈运拟取得公司控制权，公司股票自11月24日起停牌。在陈运的履历上，可以 看到合力泰、三利谱两家上市公司的身影，其曾任两家公司联合创始人，目前旗下主要资产系胜宝莱光电科技有限公司（以下简称"胜 宝莱"）。此次易主背后，华锋股份近年来业绩表现并不理想，2022—2024年扣非后归属净利润接连亏损，2025年前三季度公司净利、 扣非后归属净利润也均处于亏损状态。 具体来看，陈运出生于1975年9月，曾担任合力泰联合创始人、董事、副总经理，但于2018年退出。据悉，合力泰2008年登陆A股市 场，在消费电子、智能家居、智能金融数据终端、工业控制及自动化、民生能源、健康医疗、车载电子等领域为全球提供液晶触控显 示模组和OLED触显模组等综合解决方案。 此外，陈运还曾任另一家上市公司三利谱的联合创始人、董事、副总经理。2017年上市的三利谱主要从事偏光片产品的研发、生产和 销售，主要产品包括TFT系列和黑白系列偏光片两类。 截至公告披露日，陈运 ...

Core Viewpoint - Holitech Technology Co., Ltd. reported significant growth in revenue and net profit for the first half of 2025, driven primarily by its electronic paper display business, while also addressing challenges in the display industry [1][8]. Company Overview and Financial Indicators - The company achieved operating revenue of approximately 833.13 million yuan, a year-on-year increase of 26.85% compared to 656.77 million yuan in the same period last year [2][11]. - The net profit attributable to shareholders was approximately 11.30 million yuan, a turnaround from a loss of 824.55 million yuan in the previous year, marking a 101.37% improvement [2][11]. - The net cash flow from operating activities was -291.07 million yuan, a decrease of 226.49% compared to -89.15 million yuan in the previous year [2][11]. Business Segments Electronic Paper Business - The electronic paper module shipment reached 260 million units in the first half of 2025, representing a 54% year-on-year growth, with electronic shelf label (ESL) modules showing a 56% increase [3][4]. - The company’s subsidiary, Xingtai Technology, is a leading player in the global electronic paper display module market, leveraging advanced technology and a comprehensive service network [4][10]. General Display Business - The global liquid crystal display (LCD) module market is projected to grow, driven by diverse terminal demands and technological upgrades, with a market size of approximately 186 billion USD in 2023 [5][11]. - The company maintains a strong position in the TN/STN display segment, focusing on cost-sensitive applications while expanding into high-value sectors such as automotive and healthcare [5][11]. AI Computing Business - The company established a joint venture, Zhitaichicheng, to explore AI computing applications, aiming to build a three-layer architecture for AI services [6][11]. Performance Drivers - The electronic paper display products account for over 80% of the company's revenue, serving as a crucial pillar for revenue generation and profit accumulation [6][11]. - The company has streamlined operations by divesting from non-core businesses, focusing resources on promising display segments to enhance sustainable profitability [8][11]. Competitive Advantages Technological Edge - The company possesses leading product process development and automation capabilities in the electronic paper industry, ensuring full-process coverage from processing to module assembly [9][10]. Supply Chain Strength - Xingtai Technology has a stable supply chain relationship with E Ink, enabling it to cover over 40 countries and export more than 100 million modules annually [10][11]. Industry Collaboration - The company collaborates with its controlling shareholder, Fujian Electronic Information Group, to leverage resources and enhance stability across the entire industry chain [10][11].