Shang Hai Zheng Quan Bao·2025-08-06 15:51Core Viewpoint - The auction of shares held by Zheng Suzhen, the mother of Xu Xiang, has been completed, leading to a change in control of Daheng Technology, with a new major shareholder emerging [1][5][6]. Group 1: Share Auction Details - Zheng Suzhen's 130 million shares, representing 29.75% of Daheng Technology's total shares, were judicially auctioned for a total of 1.712 billion yuan [5][10]. - The auction concluded after 501 bids over more than seven months, with the shares sold at a price of 13.17 yuan per share [5][10]. - The auction involved eight buyers, with Li Rongrong acquiring 27.46 million shares, making her the largest single shareholder with a 6.29% stake [10][11]. Group 2: New Shareholder Profile - Li Rongrong's participation in the auction was based on her recognition of the long-term investment value and future prospects of the company [11]. - Li Rongrong has been employed at Ningbo Jinhai Logistics Service Co., Ltd. since 2018, which is a subsidiary of the Ningbo Customs [11][12]. - Concerns have been raised regarding the source of her substantial funds for the purchase, which were stated to be from her own or raised funds [13]. Group 3: Historical Context and Control Change - The original major shareholder, China New Era Co., Ltd., transferred a significant portion of its shares to Zheng Suzhen in 2014, which later led to the judicial freezing of these shares due to legal issues involving Xu Xiang [6][8]. - The change in control signifies the gradual divestment of assets by the Xu family from Daheng Technology [6][8]. - Following the auction, the company stated that the change in control would not adversely affect its governance structure or operations [17]. Group 4: Company Performance and Future Outlook - Daheng Technology's main business includes machine vision and information technology, with a projected net profit of -4.06 million yuan for the first half of 2025, indicating a reduction in losses [17][18]. - The company reported a revenue of 363 million yuan in the first quarter of 2025, a year-on-year increase of 22.73% [17]. - Daheng Technology ranks third among key enterprises in the Chinese machine vision industry, holding 134 invention patents as of the end of 2024 [18].