Shengtong Energy (001331) Price Limit Up Reasons and Market Analysis

Shengtong Energy (001331) hit the price limit up after resuming trading on December 12, 2025, mainly due to the company’s announcement of a control rights change. The controlling shareholder, the Wei Jisheng family, plans to transfer 29.99% of its shares via agreement to Qiteng Robot and its concert parties; subsequently, the latter will launch a 15% tender offer. After the transaction is completed, they will hold 44.99% of the shares and become the new controlling shareholder [1]. As a national-level high-tech enterprise, Qiteng Robot focuses on special robot R&D (especially explosion-proof inspection robots), has solid application scenarios and customer bases, and its revenue increased from 409 million yuan to 936 million yuan and net profit from 54 million yuan to 118 million yuan between 2022 and 2024, showing rapid performance growth [1].

1. Asset Restructuring and Business Transformation Expectations
   : Qiteng Robot, as a specialized, sophisticated, unique, and new enterprise, entering the company has led the market to expect Shengtong Energy to achieve business transformation or upgrading using its technology and resources, which is the core driver behind the price limit up [1].
2. Transaction Structure Design
   : Although the tender offer price (13.28 yuan per share) is lower than the current secondary market price (16.23 yuan per share), shareholders such as Longkou Yunxuan have committed to pre-accept 14.85% of the shares in the tender offer, ensuring Qiteng Robot can gain control and reducing transaction uncertainty [1].

• Risks
  : The control rights change still needs to go through relevant procedures, so there is uncertainty [1]; the stock price has risen significantly in the short term (from 14.75 yuan per share before the trading halt to 16.23 yuan per share), so there may be correction pressure; there is a price gap between the tender offer price and the current stock price, so shareholders have insufficient motivation to accept the tender offer [1].
• Opportunities
  : If Qiteng Robot successfully enters and promotes business transformation, the company’s development potential is expected to increase, providing opportunities for long-term investment.

Shengtong Energy (001331)'s price limit up stems from business transformation expectations triggered by the control rights change, with Qiteng Robot’s technical strength and growth potential as the core catalysts. Investors need to pay attention to the progress of the control rights change, business transformation plans, and changes in market sentiment, while also noting short-term correction risks and transaction uncertainty.