In the face of thousands of announcements from listed companies every day, what should I read? Announcements of important matters are often tens of pages or hundreds of pages, what is the point? I don't know if a bunch of jargon in the announcement is good or bad? Please take a look at the “Speed Reading Notice” section of the press department of the Financial Association. Our national reporters will bring you an accurate, fast, and professional interpretation on the night of the announcement.

Financial Services Association, November 21 (Reporter Fu Jing) Due to planning a change in control, Ya Zhen Home (603389.SH) issued an emergency suspension notice before the market this Monday, but the company immediately announced the termination of the matter tonight, and trading of the company's shares will resume from the opening of the market tomorrow.

The company issued an announcement this evening. During the suspension period, the controlling shareholder Shanghai Yazhen Investment Co., Ltd. and the trading party failed to reach an agreement. In order to protect the interests of all shareholders of the company and the company, the controlling shareholders decided to terminate this change of control. The parties involved have not finally signed a substantive agreement on the specific plan of this transaction, and the parties are not liable for violation of regulations for terminating this transaction.

Ya Zhen Home said that the company's current business conditions are normal, and the termination of this control change will not have a significant adverse impact on the company's operating performance and financial situation.

A Financial Services Association reporter noticed that this evening's announcement did not clearly reveal the specific circumstances that the two parties have not agreed upon. However, in the announcements after the market on the 18th and 19th, Yazhen Home mentioned that the controlling shareholder had discussed the core terms of the deal with the acquirer. According to recent media reports, Yazhen Home Furnishing's controlling shareholder is looking for a buyer.

A Financial Services News reporter combed through and found that in May of this year, the controlling shareholder of the company transferred 13.1,376 million shares of the company to Xie Kai, accounting for 5% of the total share capital of the listed company. The transfer price was 4.00 yuan/share, and the total transfer price was 52.5504 million yuan.

In fact, due to the continued decline in the real estate market in recent years, the overall market performance of the home furnishing sector has been sluggish as a strongly related industry, and Yazhen Home's performance in recent years has continued to be under pressure. According to financial data, since 2018, the company's cumulative loss is close to 0.5 billion yuan, and non-net profit was deducted for the first three quarters of this year - -56.7259 million yuan.

According to reports, in order to save performance, Yazhen Home has sought mergers, acquisitions and restructuring many times, such as acquiring 65% of Jiangsu Xinpinyi Aluminum Company's shares and acquiring 100% of Jinmei Smart's shares, but in the end, none of them came to an end. Yazhen Home also tried out the diamond business, but this transformation did not boost its performance.

Today, the company said that if the 2024 financial indicators are not effectively improved, the company's stock may be subject to a delisting risk warning.

It is worth noting that even before the suspension of trading, Yazhen Home Furnishing's stock price had been rising for many days, with a cumulative increase of 20.69% from November 7 to November 15. As of the close of trading on November 15, Yazhen Furniture reported 7.35 yuan/share, the biggest intraday increase of 8.07%.