DHKJ(SH:600288) 2 1 Shi Ji Jing Ji Bao Dao·2025-08-06 12:19Core Viewpoint - The recent judicial auction of shares held by Zheng Suzhen, the mother of former private equity mogul Xu Xiang, in Daheng Technology (600288) has attracted market attention, with the shares being acquired by a group of investors at a total price of 1.712 billion yuan [1]. Group 1: Share Transfer Details - Zheng Suzhen's 130 million shares, representing 29.75% of the company, were auctioned off at an average price of 13.17 yuan per share [1]. - The auction's buyers include Li Rongrong, who acquired 6.29% of the total shares, and other investors such as China New Era Co., Ltd. and several individuals, with the total auction price amounting to 1.712 billion yuan [2][1]. - Li Rongrong's acquisition was made with self-raised funds, and she has no plans to change her shareholding or the company's main business in the next 12 months [2][3]. Group 2: Background of Li Rongrong - Li Rongrong, born in 1975, is associated with Ningbo Jinhai Logistics Co., Ltd., which is a subsidiary of the Ningbo Customs Logistics Management Center [4]. - Reports suggest that Li Rongrong may not be the actual operator of the share acquisition, as funds were reportedly raised by her relatives, with her being a figurehead for the transaction [4]. Group 3: Market Reaction and Company Performance - Following the announcement of the share auction, Daheng Technology's stock price initially dropped over 9% but later reached the daily limit on August 6 [6]. - The company's performance forecast for the first half of 2025 indicates a projected net loss of 4.06 million yuan, attributed to increased market competition and declining product profitability [8].