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the actual controller of a-shares has lost contact again.

on the evening of september 9, chuangxing resources (600193) issued an announcement that the company received a notice from its controlling shareholder zhejiang huaqiao industrial co., ltd. (hereinafter referred to as "huaqiao industrial") on the same day, stating that huaqiao industrial has been unable to contact the company's actual controller yu zengyun recently. the company stated that apart from the aforementioned information, it was not aware of any other relevant information about yu zengyun.

in the secondary market, chuangxing resources hit the daily limit on september 9.

securities times e-company reporter noted that yu zengyun took over chuangxing resources at the end of march last year and controlled the listed company for just over a year.

as of now, yu zengyun indirectly holds 102 million shares of the listed company through overseas chinese industrial, accounting for 23.9% of the total share capital; of which 67 million shares are pledged, accounting for 65.9% of the number of shares held by him and 15.75% of the company's total share capital.

judging from the pledge announcement, the pledgees of overseas chinese industrial shares are mostly banks, and the pledged funds are mostly used to supplement working capital.

chuangxing resources pointed out that yu zengyun does not hold any position in the company and does not participate in daily management activities. however, if the relevant parties dispose of his pledged shares due to debt problems in the future, it may affect the stability of the company's equity structure.

looking back to the beginning of 2023, the original controlling shareholders of chuangxing resources, zhangzhou baihuixing, zhangzhou dayang and zhangzhou bona, transferred their 102 million shares to overseas chinese industrial by agreement, and the relevant shares were transferred on march 31, 2023.

since then, the controlling shareholder of chuangxing resources has been changed to huaqiao industrial, and the actual controller has been changed to yu zengyun. according to the commitment, the lock-up period for huaqiao industrial's shares is 18 months, and the release date is september 30, 2024.

public information shows that yu zengyun was born in january 1978. he has many years of experience in private equity funds, industrial investment, and corporate management. he owns a number of fund management and asset management companies. he is also the actual controller of the new third board company jiu convenience.

after yu zengyun took over, chuangxing resources quickly carried out business transformation.

previously, the company was in the field of building decoration, and mainly undertook construction engineering business and decoration engineering business for tourism destination development and real estate development through related transaction framework agreements.

under the background of the aforementioned business pressure, the company combined its understanding of the current economic development trend and grasp of its own conditions. since the third quarter of 2023, it has entered the digital economy industry with mobile information service business as the entry point, and gradually expanded the computing power service market. in 2023, the mobile information service business recorded revenue of 8.5195 million yuan, accounting for 6.54% of the total revenue.

in order to enhance its capital strength and accelerate the pace of transformation, chuangxing resources released a plan for a private placement in april 2023, intending to issue shares to huaqiao commercial, the controlling shareholder of the "new owner" huaqiao industrial, to raise funds. according to the revised plan, the total amount of funds raised in this private placement will not exceed 493 million yuan, which will be used for the development and application of digital economy intelligent empowerment system projects, replenishment of working capital and repayment of bank loans after deducting the issuance expenses. with yu zengyun's loss of contact this time, there is still uncertainty as to whether the aforementioned private placement can be smoothly carried out.

in terms of performance, chuangxing resources is facing great pressure due to the early stage of transformation and the continuous decline of its traditional main business. in the first half of this year, the company's revenue was only 37.4925 million yuan, a year-on-year decrease of 50.77%; the net profit loss was 6.9194 million yuan, turning from profit to loss year-on-year.

as for the reasons for the loss, chuangxing resources said that, firstly, the construction and decoration business mainly focused on fulfilling existing projects, the amount of work was reduced, and the operating income decreased significantly year-on-year; secondly, it was due to the large investment in new businesses, including the optimization of the business development model of the mobile information service business, increased r&d investment, and the establishment of an operation team. the computing power service business is in an accelerated cultivation period, with new equipment investment and r&d expenses. at present, the computing power service business has not yet generated operating income.

according to relevant regulations, if chuangxing resources' financial indicators at the end of 2024 still cannot be effectively improved, the lower of the annual audited total profit, net profit or net profit after deducting non-operating items is negative and the operating income is less than 300 million yuan, the company's stock will be at risk of being issued a delisting risk warning.