YONGYUE(SH:603879) Mei Ri Jing Ji Xin Wen·2025-07-31 15:32Core Viewpoint - Yongyue Technology (603879.SH) is undergoing a significant share transfer, with major shareholder Fu Wenchang selling 36 million shares (10.02% of total shares) to Guangzhou Wanjing Communication Technology Co., Ltd. at a price of 6.336 CNY per share, representing an 11.26% discount from the closing price of 7.14 CNY on July 31 [2][5]. Group 1 - Yongyue Technology specializes in the research, production, and sales of synthetic resins, primarily unsaturated polyester resins and drones [3]. - The company has faced continuous net losses over the past three years, with revenues of 296 million CNY, 338 million CNY, and 370 million CNY for 2022, 2023, and 2024 respectively, showing year-on-year growth of -25.21%, 13.97%, and 9.66% [5]. - Despite revenue growth in 2023 and 2024, the net losses have expanded, indicating a "growth without profit" situation for the company [5]. Group 2 - Following a surge in stock price due to low-altitude economy concepts, Yongyue Technology experienced an "8 consecutive limit-up" market trend, peaking at 11.52 CNY on March 22, 2024, before plummeting to a historical low of 1.86 CNY by June 26, 2024, marking an 83.85% decline [7]. - The share transfer does not change the controlling shareholder or actual controller of Yongyue Technology, and the new shareholder, Wanjing Communication, has committed not to reduce its holdings for 18 months post-transfer [2][5]. - Wanjing Communication, established less than two months prior to the share transfer, is primarily engaged in professional technical services and has already invested in two companies [8][10].