Core Viewpoint - *ST Baoying is undergoing a change in control, with the actual controller shifting from Zhuhai State-owned Assets Supervision and Administration Commission to Fu Xiaoqing and Fu Xiangde. The company plans to focus on the optical coupler project and raise up to 800 million yuan through a stock issuance to enhance liquidity and repay debts [1][3][4]. Group 1: Change of Control - The controlling shareholder, Dahongqin Group, will transfer its 5.01% stake in *ST Baoying to Hainan Shitong New Investment Co., Ltd. at a price no less than 4.67 yuan per share, totaling at least 355 million yuan [3]. - Following the completion of the transfer, the controlling shareholder will change to Shitong New, and the actual controllers will be Fu Xiaoqing and Fu Xiangde [3][4]. - The stock will resume trading on October 27 after the announcement of the change in control [3]. Group 2: Investment Plans - The company plans to establish a wholly-owned subsidiary, Anwo Si Technology (Zhuhai) Co., Ltd., with an investment of 30 million yuan to develop the optical coupler project [4]. - The project aims to build a production base in Zhuhai and purchase high-precision production and testing equipment, with an expected investment of 200 million yuan during the trial period [4]. - The trial production line is expected to have an annual output of 240 million optical coupler products [4]. Group 3: Financial Performance - In the first half of 2023, *ST Baoying reported a revenue of 312 million yuan, a significant decline of 74.35% year-on-year, with a net loss attributable to shareholders of 23.76 million yuan [10][12]. - The decline in revenue is attributed to intense market competition, decreased operating income, and increased costs related to fixed asset depreciation and financing [10][12]. - The company's total assets decreased by 12.34% to approximately 1.24 billion yuan, and the net assets attributable to shareholders fell by 321.35% [12].

Group 1 - Delong Huineng (000593) announced a potential transfer of 29.64% of its shares from its controlling shareholder to Dongyang Noxin New Material Management Partnership, which may lead to a change in control [1] - The company stated that the transfer will not adversely affect its normal operations and does not involve a takeover bid [1] - Gongjin Co., Ltd. (603118) is also in discussions regarding a potential share transfer that may result in a change of control, leading to a temporary suspension of its stock [1] Group 2 - *ST Baoying (002047) plans to issue up to 423 million shares to raise no more than 800 million yuan, primarily for working capital and debt repayment [2] - The controlling shareholder, Zhuhai Dahengqin Group, intends to transfer 5.01% of its shares to Hainan Shitong New Investment Co., Ltd. at a price not lower than 4.67 yuan per share [2] - The transfer will result in a change of control to Shitong New, with the new actual controllers being Fu Xiaoqing and Fu Xiangde [2] Group 3 - Shandong University and Shandong Provincial State-owned Assets Supervision and Administration Commission signed an agreement to transfer 24.59% of shares of Shanda Diwei (688579) to Shandong High-speed Group, which will change the controlling shareholder [3] - After the transfer, Shandong High-speed Group will become the controlling shareholder, and the actual controller will change to Shandong Provincial State-owned Assets Supervision and Administration Commission [3] Group 4 - Shanda Diwei's main business includes smart social security, smart medical insurance, and intelligent electricity, with revenue primarily from government departments and social enterprises [4] - Huamai Technology (603042) announced the termination of its planned control change due to a lack of consensus on core issues during the negotiation period [4] - Huamai Technology focuses on providing solutions for communication network infrastructure and aims to create value for clients in the communication sector [4]