Core Viewpoint - The company is undergoing a potential change in control, with its actual controllers, Luo Xiaolin and Han Ming, notifying about plans for control transfer, which raises uncertainties and concerns among investors [1] Group 1: Control Change and Market Reaction - On January 7, 2026, the company announced that its actual controllers are planning a change in control, with specific details yet to be finalized [1] - The market reacted negatively, with the company's stock dropping over 5% initially, followed by a slight recovery, but ultimately closing down 2.25% [1] Group 2: Historical Context of Control Changes - On November 1, 2023, the company announced a framework agreement for the transfer of control from its previous major shareholder, Tibet Taiyifeng Information Technology Co., Ltd., to Sichuan Xingtianfu Hongling Enterprise Management Co., Ltd., involving a transfer of 15.8% of shares for 450 million yuan [3] - By January 6, 2024, the share transfer was completed, making Sichuan Xingtianfu Hongling the new controlling shareholder [3] Group 3: Reasons for Control Change - Analysts speculate that the quick move to change control may be due to intensified industry competition and concerns over the company's previous profitability stability despite a recent performance rebound [3] - The company faced obstacles in a planned private placement aimed at raising 450 million yuan, which was terminated in April 2025, impacting control consolidation and project financing [4] - The actual controllers, previously engaged in real estate, may find it challenging to integrate into the fine chemical and environmental water treatment sectors, prompting a search for more aligned business opportunities [5] - The increase in stock price since the controllers' entry may incentivize them to transfer control to realize investment gains [5] Group 4: Recent Financial Performance - For the first three quarters of 2025, the company reported revenues of 453 million yuan, a year-on-year increase of 17.29%, and a net profit attributable to shareholders of 37.87 million yuan, up 62.06% [6] - In the third quarter alone, revenues reached 185 million yuan, reflecting a 6.46% increase, with a net profit of 22.02 million yuan, up 33.8% [6]

Core Viewpoint - Baomo Co., Ltd. (002476) has announced that its existing products, including polyacrylamide, heavy oil viscosity reducers, and surfactants, are applicable in the development of deep-sea oil and gas resources [1] Product Applications - Polyacrylamide can be used as a drilling fluid and oil displacement agent, with its fast-dissolving products suitable for high-temperature and high-pressure environments in deep-sea operations, ensuring operational safety and efficiency [1] - Heavy oil viscosity reducers improve the flowability of heavy oil through emulsification, making them suitable for complex extraction conditions and enhancing recovery rates [1] - Surfactants assist in the rapid dissolution of polyacrylamide, and when compounded, they create a high-temperature, salt-resistant, and environmentally friendly heavy oil viscosity reduction system [1]

Core Viewpoint - The company, Baomo Co., Ltd. (002476.SZ), has identified its existing products that can be utilized in the deep-sea economy, specifically in deep-sea oil and gas resource development [2]. Product Applications - Polyacrylamide is used as a drilling fluid and oil displacement agent, with its soluble variant designed to withstand high temperature and pressure conditions in deep-sea environments, ensuring operational safety and efficiency [2]. - Viscosity-reducing agents improve the flowability of heavy oil at sea through emulsification, making them suitable for complex extraction conditions and enhancing recovery rates [2]. - Surfactants facilitate the rapid dissolution of polyacrylamide and, when compounded, create a viscosity-reducing system that is resistant to high temperatures, salinity, and is environmentally friendly [2].