YONGYUE(SH:603879) Mei Ri Jing Ji Xin Wen·2025-07-31 15:25Core Viewpoint - Yongyue Technology (603879.SH) announced a share transfer agreement where major shareholder Fu Wenchang will sell 36 million shares (10.02% of total shares) to Guangzhou Wanjing Communications Technology Co., Ltd. at a price of 6.336 yuan per share, totaling 228 million yuan, which represents an 11.26% discount from the closing price of 7.14 yuan on July 31 [1][2]. Group 1 - The share transfer will reduce Fu Wenchang's holding to 2.68%, but will not change the company's controlling shareholder or actual controller [1]. - Wanjing Communications and its shareholders have committed not to reduce their holdings in Yongyue Technology for 18 months after the transfer [1]. - Yongyue Technology has faced continuous net losses over the past three years, with revenues of 296 million yuan, 338 million yuan, and 370 million yuan from 2022 to 2024, showing a trend of increasing losses despite revenue growth in 2023 and 2024 [5]. Group 2 - The company experienced a significant stock price increase earlier in 2024, reaching a high of 11.52 yuan, but subsequently faced a sharp decline due to regulatory issues involving its actual controller [8]. - Wanjing Communications was established less than two months prior to the share transfer and is primarily engaged in professional technical services [9]. - Despite being newly established, Wanjing Communications has already invested in two companies, indicating its operational intentions [10].