Group 1 - Standard Shares experienced a decline of 5.33%, trading at 10.13 CNY per share, with a total transaction volume of 307 million CNY and a turnover rate of 8.30%, resulting in a total market capitalization of 3.505 billion CNY [1] - Xi'an Standard Industrial Co., Ltd. was established on May 28, 1999, and listed on December 13, 2000. The company specializes in the research, production, and sales of sewing equipment, with 96.62% of its revenue coming from sewing machinery products and 3.38% from other sources [1] Group 2 - CITIC Prudential Fund's multi-strategy mixed fund (LOF) A (165531) entered the top ten circulating shareholders of Standard Shares in the third quarter, holding 1.3314 million shares, which accounts for 0.38% of the circulating shares. The estimated floating loss today is approximately 758,900 CNY [2] - The CITIC Prudential multi-strategy mixed fund (LOF) A (165531) was established on June 16, 2017, with a latest scale of 1.133 billion CNY. Year-to-date returns are 48.25%, ranking 1076 out of 8147 in its category; the one-year return is 46.88%, ranking 588 out of 8056; and since inception, the return is 151.03% [2] Group 3 - The fund manager of CITIC Prudential multi-strategy mixed fund (LOF) A (165531) is Wang Ying, who has been in the position for 8 years and 272 days. The total asset scale of the fund is 4.904 billion CNY, with the best fund return during her tenure being 55.76% and the worst being -8.42% [3]

Core Viewpoint - Standard Shares experienced a decline of 2.65% in stock price, with a current price of 11.04 CNY per share and a total market capitalization of 3.82 billion CNY [1] Group 1: Stock Performance - Year-to-date, Standard Shares' stock price has increased by 129.52%, with a recent decline of 0.54% over the last five trading days [1] - In the last 20 days, the stock price rose by 62.11%, and in the last 60 days, it increased by 59.54% [1] - The company has appeared on the trading leaderboard 11 times this year, with the most recent appearance on November 6, where it recorded a net buy of -5945.13 million CNY [1] Group 2: Financial Performance - For the period from January to September 2025, Standard Shares reported a revenue of 259 million CNY, a year-on-year decrease of 24.87%, and a net profit attributable to shareholders of -45.99 million CNY, an increase of 3.57% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 290 million CNY, with no dividends paid in the last three years [3] Group 3: Shareholder Information - As of October 31, the number of shareholders for Standard Shares is 27,500, an increase of 30.95% from the previous period [2] - The average number of circulating shares per shareholder is 12,582, a decrease of 23.64% from the previous period [2] - Among the top ten circulating shareholders, CITIC Prudential Multi-Strategy Mixed Fund (LOF) A is the ninth largest shareholder with 1.33 million shares, while Huaxia Pantai Mixed Fund (LOF) A has exited the top ten list [3]

Group 1 - Standard Shares increased by 5% to 11.13 CNY per share, with a trading volume of 360 million CNY and a turnover rate of 9.94%, resulting in a total market capitalization of 3.851 billion CNY [1] - Xi'an Standard Industrial Co., Ltd. was established on May 28, 1999, and listed on December 13, 2000, primarily engaged in the research, production, and sales of sewing equipment, with 96.62% of revenue coming from sewing machinery products and 3.38% from other sources [1] Group 2 - CITIC Prudential Fund's multi-strategy mixed fund (LOF) A (165531) entered the top ten circulating shareholders of Standard Shares in the third quarter, holding 1.3314 million shares, which is 0.38% of the circulating shares, with an estimated floating profit of approximately 705,600 CNY [2] - The multi-strategy mixed fund (LOF) A (165531) was established on June 16, 2017, with a latest scale of 1.133 billion CNY, achieving a year-to-date return of 47.23%, ranking 1264 out of 8219 in its category, and a one-year return of 47.68%, ranking 761 out of 8125 [2] Group 3 - The fund manager of CITIC Prudential multi-strategy mixed fund (LOF) A (165531) is Wang Ying, who has been in the position for 8 years and 270 days, managing a total fund asset size of 4.904 billion CNY, with the best fund return during the tenure being 55.71% and the worst being -8.42% [3]

Core Viewpoint - Standard Group, the controlling shareholder of Standard Co., plans to transfer up to 27.77% of its shares through a public solicitation, which may lead to a change in the company's controlling shareholder and actual controller [1][2] Group 1: Share Transfer Details - Standard Group currently holds 1.48 billion A-shares, representing 42.77% of the total share capital, all of which are non-restricted circulating shares [2] - The transfer price will not be lower than the average weighted price of the last 30 trading days prior to the announcement date (6.94 yuan/share) and the audited net asset value per share from the most recent fiscal year [2] Group 2: Company Performance - Standard Co. is a major manufacturer of sewing machinery in China, providing solutions for various industries including apparel, bags, home furnishings, and automotive interiors [1] - The company reported a revenue of 185 million yuan in the first half of the year, a year-on-year decrease of 21.37%, and a net loss of 8.52 million yuan [1] - The company aims for a revenue target of 580 million yuan and a net profit of 710,000 yuan by 2025 [1]

Core Viewpoint - Standard Shares (600302) announced a potential change in control starting from October 21, with a suspension of trading due to significant matters being planned [1] Group 1: Company Developments - Standard Shares received a notification from its controlling shareholder, Standard Group, regarding the planning of major matters that may lead to a change in control [1] - The company expects the trading suspension to last no more than two trading days [1] - The company is a leading manufacturer of sewing machinery in China, providing solutions and services to various industries including apparel, bags, home furnishings, and automotive interiors [1] Group 2: Financial Performance - In the first half of the year, Standard Shares reported a revenue of 185 million yuan, a year-on-year decrease of 21.37%, and a net loss attributable to shareholders of 8.52 million yuan [1] - The company indicated that the sewing equipment industry is facing intense competition, prompting a shift in its business strategy from being a single equipment supplier to a provider of comprehensive solutions and services in the environmental and apparel sectors [1] Group 3: Leadership Changes - The chairman of Standard Shares, Chang Hong, submitted a resignation report due to work adjustments, leaving the chairman position vacant [2] - Vice Chairman Zhang Pengwu is currently fulfilling the chairman duties, while Wang Kunyuan has been nominated as a candidate for the board of directors [2] - Wang Kunyuan is currently the Party Secretary and Chairman of China Standard Industrial Group [2] Group 4: Parent Company Overview - The parent company, Xi'an Industrial Investment Group, has 44 primary enterprises across various sectors, including industrial production and healthcare [2] - For the year 2024, the group is projected to achieve a revenue of 35.846 billion yuan, with total industrial output value of 13.613 billion yuan and a total profit of 1.007 billion yuan [2] - The group is focusing on strategic planning for the "14th Five-Year" period, emphasizing growth stability, strategic transformation, technological innovation, market expansion, and risk prevention [2]

Core Viewpoint - Standard Shares (600302) announced a suspension of trading starting October 21, due to potential changes in company control as per notifications from its controlling shareholder, Standard Group [1] Company Overview - Standard Shares is one of China's major manufacturers of sewing machinery, providing solutions and services for industries such as apparel, bags, home furnishings, and automotive interiors. The company operates under the brands "Standard," "Weiteng," and "Hailing" [3] - The company currently has a total market value of 2.6 billion [3] - In the first half of the year, the company reported revenue of 185 million, a year-on-year decrease of 21.37%, and a net loss attributable to shareholders of 8.52 million [3] - The company aims for a revenue target of 580 million and a net profit of 710,000 by 2025 [3] Strategic Shift - The company has publicly stated its intention to shift from being a single sewing equipment supplier to a provider of system solutions and services in the environmental and apparel sectors [5] - Recently, the chairman of the company, Chang Hong, submitted a resignation due to work adjustments, leaving the chairman position vacant [5] - The board has nominated Wang Kunyuan as a candidate for the board of directors, who is currently the party secretary and chairman of China Standard Industrial Group [5] Parent Company and Financials - The parent company, Xi'an Industrial Investment Group, has stakes in multiple listed companies, including Shaan Gu Power, Western Superconducting, and Tianli Co., among others [7] - As of the end of 2024, the group reported total revenue of 35.846 billion, total industrial output value of 13.613 billion, and total profit of 1.007 billion [7] - The group's total assets amount to 49.5 billion, with net assets of 15.1 billion [7]

Core Viewpoint - Standard Shares (600302) announced a suspension of trading starting October 21, 2025, due to potential changes in company control, as notified by its controlling shareholder, Standard Group [3][4]. Company Overview - Standard Shares is one of China's major manufacturers of sewing machinery, providing solutions and services to various industries including apparel, bags, home furnishings, and automotive interiors. It operates under three brands: "Standard," "Weiteng," and "Hailing." The company is the only state-controlled listed company in the sewing equipment industry, with a total market capitalization of 2.6 billion yuan [6]. - In the first half of the year, the company reported a revenue of 185 million yuan, a year-on-year decline of 21.37%, and a net loss attributable to shareholders of 8.52 million yuan [6]. Strategic Shift - The company has publicly stated its intention to shift its development strategy from being a single sewing equipment supplier to becoming a provider of system solutions and services in the environmental and apparel sectors [8]. - Recently, the chairman of Standard Shares, Chang Hong, submitted a resignation report due to work adjustments, leaving the chairman position vacant. The vice chairman, Zhang Pengwu, is currently acting in this role, while Wang Kunyuan has been nominated as a candidate for the board of directors [8]. Parent Company and Financial Performance - The parent company, Xi'an Industrial Investment Group, has interests in multiple listed companies, including Shaan Gu Power, Western Superconducting Technologies, and Tianli Co., among others. As of the end of 2024, the group had 44 primary enterprises across various sectors, achieving a revenue of 35.846 billion yuan and a total asset value of 49.5 billion yuan [10][11]. - The group is focusing on strategic planning for the "14th Five-Year Plan" period, emphasizing growth stabilization, strategic transformation, technological innovation, market expansion, and risk prevention [11].

Core Viewpoint - Standard Shares (600302) announced a suspension of trading starting October 21, 2023, due to potential changes in company control [1][4]. Company Overview - Standard Shares is a major manufacturer of sewing machinery in China, providing solutions for various industries including apparel, bags, home furnishings, and automotive interiors [5]. - The company operates under three brands: "Standard," "Weiteng," and "Hailing" [5]. - As of now, the total market capitalization of Standard Shares is 2.6 billion [5]. Financial Performance - In the first half of the year, Standard Shares reported revenue of 185 million, a year-on-year decline of 21.37% [5]. - The company incurred a net loss of 8.52 million [5]. - The 2025 operational targets set by the company include a revenue goal of 580 million and a net profit of 7.1 million [5]. Strategic Shift - The company has publicly stated its intention to shift from being a single sewing equipment supplier to a provider of integrated solutions and services in the environment and apparel sectors [6]. Management Changes - The chairman of Standard Shares, Chang Hong, submitted a resignation report this month due to work adjustments, leaving the chairman position vacant [7]. - Vice Chairman Zhang Pengwu is currently fulfilling the chairman's duties, while Wang Kunyuan has been nominated as a candidate for the board of directors [7]. Parent Company Overview - The parent company, Xi'an Industrial Investment Group, has interests in multiple listed companies, including Shaan Gu Power, Western Superconducting, and Tianli Co., among others [8]. - As of the end of 2024, the group reported total assets of 49.5 billion and net assets of 15.1 billion [8]. - The group achieved an operating income of 35.846 billion and a total profit of 1.007 billion in 2024 [8].