---
title: "Sunway: The actual controller of the company has changed to Zhang Hua"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242178517.md"
description: "On the evening of May 28th, Sunway announced that the closing price of its stock had deviated by more than 20% over three consecutive trading days, with a cumulative increase of 61.03%. The company's net profit for the year 2024 is expected to decline by 20.06% year-on-year, mainly due to a contraction in demand and intensified competition in the domestic wire and cable industry. In addition, the actual controller of the company has changed from Li Guangsheng to Zhang Hua, and Fuhua Chemical has become the controlling shareholder of the company"
datetime: "2025-05-28T10:24:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242178517.md)
  - [en](https://longbridge.com/en/news/242178517.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242178517.md)
generator: "portal-rs"
---

# Sunway: The actual controller of the company has changed to Zhang Hua

On the evening of May 28th, Sunway announced that the cumulative deviation of the closing price increase of its stock exceeded 20% over three consecutive trading days, with a total increase of 61.03%. The company's net profit for the year 2024 is expected to decline by 20.06% year-on-year, mainly due to the contraction in demand and intensified competition in the domestic wire and cable industry. In addition, the actual controller of the company has changed from Li Guangsheng to Zhang Hua, and Fuhua Chemical has become the controlling shareholder of the company

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**