Core Points - Annie Co., Ltd. has announced a potential change in its controlling shareholder and actual controller, which may lead to a restructuring of the company [1][4] - The stock will continue to be suspended from trading starting December 3, with an expected suspension period of no more than three trading days [1][4] - The company has been actively working on this significant matter, with ongoing discussions and negotiations regarding the specific transaction plan [1][4] Company Overview - Annie Co., Ltd. was listed on the Shenzhen Stock Exchange in 2008, primarily engaged in the research, production, sales, and comprehensive application of commercial information paper [5][6] - Since 2012, the company has acquired multiple firms and ventured into various sectors, including internet lottery, virtual reality, IoT, and copyright protection, with its lottery printing business holding a significant market share [5][6] Financial Performance - As of Q3 2025, the actual controllers, Lin Xuxi and Zhang Jie, directly hold 20.9% of the company's shares [6] - The company's revenue from 2017 to 2024 showed fluctuations: 658 million, 715 million, 433 million, 335 million, 394 million, 361 million, 370 million, and 344 million yuan respectively [6] - The net profit figures during the same period were -365 million, 76 million, 24 million, -623 million, 23 million, -138 million, -278 million, and 2.815 million yuan, indicating significant volatility [6] - In the first half of this year, the company reported a revenue of 171 million yuan, an increase of 11.93% year-on-year, but the net profit plummeted by 83.34% to 1.9625 million yuan [6] - The company's sales expenses increased by 18.81%, while management expenses rose by 45.76%, and R&D expenses decreased by 17.74% [6] Business Segmentation - In the first half of this year, the revenue breakdown showed that paper products and related services accounted for 57.98%, anti-counterfeiting traceability labels for 37.58%, and internet-related services only 4.44% [3][7]

Core Viewpoint - Annie Co., Ltd. is planning a change in control, leading to a temporary suspension of its stock starting December 1 [1][4]. Group 1: Company Overview - Annie Co., Ltd. specializes in anti-counterfeiting traceability systems, copyright comprehensive services, and business information paper, holding a significant market share in the lottery printing industry [4]. - The company was listed on the Shenzhen Stock Exchange in 2008 and has been operating for 17 years [4]. - The founders, Lin Xuxi and Zhang Jie, are the actual controllers of the company, holding a combined 20.9% of the shares as of the end of Q3 2025 [4]. Group 2: Shareholder Information - As of the latest data, the top ten shareholders collectively hold 24.07% of the shares, with Lin Xuxi and Zhang Jie being the largest individual shareholders [6]. - Notably, several new shareholders have entered, including QFII and individual investors, indicating potential interest in the company [6]. Group 3: Financial Performance - For the first three quarters of 2025, Annie Co., Ltd. reported revenue of 301 million yuan, a year-on-year increase of 21.06%, but a net loss attributable to shareholders of 1.39 million yuan, indicating a shift from profit to loss [8]. - Prior to the suspension announcement, the stock price experienced significant volatility, with a notable increase in late November, leading to an abnormal trading situation [8]. - On the last trading day before suspension (November 28), the stock closed at 9.29 yuan per share, down 1.38%, with a total market capitalization of 5.384 billion yuan [11].