Yorhe(SZ:002795) Mei Ri Jing Ji Xin Wen·2025-08-07 02:06Core Viewpoint - The leading valve and fittings company Yonghe Zhikong is undergoing a change in control, with its major shareholder transferring shares to Hangzhou Runfeng, which has not yet commenced operations [1][6]. Group 1: Share Transfer Details - On August 5, the controlling shareholder Cao Deli signed a share transfer agreement to sell 35.66 million shares (8.00% of total shares) to Hangzhou Runfeng at a price of 8.9736 yuan per share, totaling 320 million yuan [1][2]. - Following the transfer, Hangzhou Runfeng will hold 8.00% of Yonghe Zhikong, and Sun Rongxiang will become the actual controller of the company, holding 14.65% of voting rights [3][4]. Group 2: Business Operations and Financial Performance - Yonghe Zhikong's main business includes plumbing valves and fittings, as well as tumor precision radiation treatment, with plans to divest from the photovoltaic and medical sectors by December 20 [4]. - The company has reported declining performance over the past three years, with net losses of 26.70 million yuan in 2022, 156 million yuan in 2023, and an expected loss of 297 million yuan in 2024 [4]. - For the first half of 2025, Yonghe Zhikong anticipates revenue between 330 million yuan and 380 million yuan, with a projected net loss of 30 million to 56 million yuan, primarily due to reduced income from valve fittings and declining gross margins [4]. Group 3: Legal Issues - Yonghe Zhikong and its subsidiaries are involved in multiple lawsuits, with a total amount of 64.83 million yuan in undisclosed litigation over the past twelve months, exceeding 10% of the company's latest audited net assets [5]. Group 4: Hangzhou Runfeng Background - Hangzhou Runfeng was established on July 22, 2023, with a registered capital of 20 million yuan, but has not yet engaged in any business activities related to industrial robots [6][7]. - The controlling shareholder of Hangzhou Runfeng is Hangzhou Yuli Enterprise Management Co., which was founded shortly before Runfeng and is linked to Sun Rongxiang [6][7].