Core Viewpoint - Huina Technology is undergoing a change in its actual controller and plans to raise 739 million yuan through a private placement, with shares resuming trading on May 12 [2][5]. Group 1: Shareholder Changes - The actual controller of Huina Technology will change from Zhang Hongjun to Jiang Zexing through the transfer of 18.0171 million shares, representing 15% of the total shares [3][4]. - Jiang Zexing will acquire 36 million shares in a private placement, increasing his total control to approximately 34.60% of the company [3][4]. Group 2: Fundraising and Business Strategy - The private placement price is set at 20.52 yuan per share, aiming to raise up to 739 million yuan, which will be used to supplement working capital and gradually develop digital business in the additive manufacturing sector [5]. - Huina Technology plans to leverage its competitive advantages in artificial intelligence and big data to capture growth opportunities in the rapidly expanding additive manufacturing market [5]. Group 3: Financial Performance - Huina Technology has reported continuous losses over the past three years, with revenues of 361 million yuan, 376 million yuan, and 363 million yuan for 2022, 2023, and 2024 respectively, and net losses of 37.67 million yuan, 34.03 million yuan, and 23.86 million yuan [7][8]. - In the first quarter of 2025, the company achieved a revenue of 52.36 million yuan, a year-on-year increase of 4.19%, but reported a net loss of 2.64 million yuan, an increase in loss of 87.4% year-on-year [8]. Group 4: Stock Performance - The stock price of Huina Technology has increased by 9.82% this year, with a current market capitalization of 3.3 billion yuan [2][13]. - The stock reached a high of 40.09 yuan per share in October last year but fell to 20.61 yuan in January this year, showing a volatile performance [13].