DHKJ(SH:600288) Mei Ri Jing Ji Xin Wen·2025-08-04 15:48Core Viewpoint - The judicial auction of shares held by Zheng Su-zhen, mother of former private equity mogul Xu Xiang, in Daheng Technology has concluded, with a total auction price of 1.712 billion yuan, reflecting a significant premium over the initial listing price [1][4]. Group 1: Auction Details - Daheng Technology announced that the judicial auction of 130 million shares, representing 29.75% of the company's total equity, was completed with eight buyers [2][4]. - The average auction price was 13.17 yuan per share, totaling 1.712 billion yuan [1][2]. - Among the buyers, seven are individuals, with the largest share acquired by Li Rongrong, who purchased shares worth 362 million yuan, representing 6.29% of the total equity [2][3]. Group 2: Buyer Profiles - Li Rongrong, a middle-level manager at Ningbo Jinhai Logistics Service Co., Ltd., is the only buyer holding more than 5% of the shares acquired in the auction [2]. - China New Era Co., Ltd. acquired shares amounting to 237 million yuan, holding 4.12% of Daheng Technology post-auction [3]. - China New Era Co., Ltd. has significant investments in various sectors, including high-performance integrated circuits and semiconductor materials, through its control of Ningbo Electronic Information Group [3]. Group 3: Market Context - The auction attracted attention due to Zheng Su-zhen's connection to Xu Xiang, a notable figure in private equity [4]. - The auction price represented a premium of over 60% compared to the initial listing price of 1.068 billion yuan [4]. - Daheng Technology's stock price has shown strong performance recently, trading at 13.2 yuan per share, close to the auction price [4]. Group 4: Company Performance - Daheng Technology projected a net loss of 4.06 million yuan for the first half of 2025, attributed to increased market competition and declining product profitability [5].