La proposition de changement de contrôle de Fulin Yunye n'a pas répondu aux attentes, le cours de l'action a chuté de 10 % pour la deuxième journée consécutive

Economic Observer Network Fuyun Transport (002357.SZ) : today (3 April 2026) the stock price hit the daily limit down. This is mainly because the company’s change-of-control proposal failed to meet market expectations, leading to continued sell-offs.

Reasons for abnormal stock price movements

According to a company announcement released on the evening of 1 April, the controlling shareholder, Yongfeng Group, intends to transfer 18% of its shares to Dongwang Lianhang, which has a background in state-owned assets from Zhejiang Tongxiang, at 14.18 yuan per share, for a total price of 800 million yuan. After the transaction is completed, the company’s actual controller will change to the Dongyang Municipal People’s Government State-owned Assets Supervision and Administration Office. However, Dongwang Lianhang and related parties have explicitly promised that within 36 months after the completion of this equity change, they will not inject the relevant assets they hold into Fuyun Transport. This commitment directly constrains the market’s imagination about potential high-quality asset integration after a takeover by state-owned capital, which the market interprets as a short-term positive catalyst failing to materialize.

Recent stock performance

After the market reopened trading on 2 April following the suspension, the market reaction was negative. On that day, the stock price immediately hit the daily limit down; the trading amount reached 415 million yuan. The data from the龙虎榜 (trader leaderboard) shows that institutional seats net sold 42.2794 million yuan. Today (3 April), the stock price continued to slide; after the opening it again hit the daily limit down. The latest price is 11.71 yuan, down 9.99% from yesterday’s closing price. The stock has hit the daily limit down for two consecutive trading days.

Company fundamentals

Fuyun Transport is a leading enterprise in Sichuan’s road passenger transportation industry. Its main businesses are automobile passenger transport services and the operation of automobile passenger stations. The company had previously estimated that its attributable net profit for 2025 would be between 165 million and 196 million yuan, representing year-on-year growth of 34.99% to 60.35%. Notably, before the suspension of trading for the change of control in this case (from 25 December 2025 to 25 March 2026), the company’s stock price had increased cumulatively by more than 47%. The market held high expectations for the change of control. However, the current plan is at odds with expectations, leading to the closure of profit-taking positions and an outflow of funds.

The above content is compiled based on publicly available information and does not constitute investment advice.

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