Breaking news! 605555, termination of the plan for major matters!

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Before the trading halt, the stock hit the daily limit up. The A-share stock of Company A will resume trading tomorrow.

Dechang Co., Ltd. (605555) announced on the evening of April 1 that, due to the controlling shareholder and the actual controller being involved in a number of matters, the parties were unable to reach an agreement on the core terms, and it has decided to terminate the major matter of partially transferring the company shares held by the controlling shareholder that was being planned. This matter may lead to a change in the company’s actual controller.

According to the announcement, currently the company’s business operations are normal, and terminating the planning of this major matter will not have any significant adverse impact on the company’s operating performance and financial condition.

To protect investors’ interests, in accordance with relevant provisions such as the 《Shanghai Stock Exchange Stock Listing Rules》, 《Shanghai Stock Exchange self-regulatory guidance No. 4—Suspension and Resumption of Trading for Listed Companies》, and other regulations, after the company applied to the Shanghai Stock Exchange, the company’s A-share stock will resume trading from the start of trading on Thursday, April 2, 2026.

Before the trading halt, Dechang Co., Ltd. saw its stock hit the daily limit on that day (March 26), with the share price at 16.81 yuan per share.

Dechang Co., Ltd. had previously released an earnings forecast, stating that it expects its net profit attributable to shareholders of the parent company for 2025 to be between 160 million yuan and 200 million yuan, which will decrease by 210.83 million yuan to 250.83 million yuan compared with the same period of the previous year, a year-on-year decrease of 51% to 61%. It also expects net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses for 2025 to be between 145.36 million yuan and 185.36 million yuan, which will decrease by 207.89 million yuan to 247.89 million yuan compared with the same period of the previous year, a year-on-year decrease of 53% to 63%.

Regarding the reasons for the expected profit decline, the company stated that in 2025, the company’s automotive components business has still maintained a rapid growth momentum. The home appliance business, affected by international trade policy, together with intensifying industry competition, led to falling prices. In addition, new production capacity began production and operations and is still in the ramp-up stage; amortization expenses have increased year over year, and in combination these factors affected the gross margin. At the same time, driven by fluctuations in the U.S. dollar exchange rate, the company’s foreign exchange gain in this period is approximately -18 million yuan, which is about 60 million yuan lower than in the same period last year.

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Editor: Liu Wanli SF014