Huayang Group announced that its controlling shareholder, Huizhou Huayue, is planning to transfer its shares in the company to Sichuan Jiuzhou Investment Holding Group, which may lead to a change in the company's controlling shareholder and actual controller. Trading in the company's shares will be suspended from the market open on August 18, 2026, with the suspension expected to last no more than two trading days. Sichuan Jiuzhou Investment Holding Group is a large state-owned high-tech enterprise group and also the controlling shareholder of the listed company Sichuan Jiuzhou, holding 47.91 percent of its shares, with the actual controller being the Mianyang Municipal State-owned Assets Supervision and Administration Commission. Huayang Group is mainly engaged in automotive electronics and precision die-casting, and has also laid out plans for AI and robot-related components. Before the suspension, the company received research visits from multiple institutions, stating that orders in hand for automotive electronics continued to increase, the order value of AI-related products kept growing, and it has planned to expand production capacity for optical module components and liquid cooling heat dissipation components at its Huizhou Dongxing base, with capacity expected to be gradually released in 2026.
Sichuan Jiuzhou Electronic Co LtdSichuan Jiuzhou Investment Holding Group, its controlling shareholder, may acquire Huayang Group, potentially expanding its portfolio.
Foryou CorpHuayang Group, a peer in automotive electronics, reports rising orders and AI product demand, indicating sector strength.
Shan XI Hua Yang Group New Energy Co Ltd