Yorhe(SZ:002795) Tai Mei Ti A P P·2025-08-07 10:28Core Viewpoint - The company Yonghe Intelligent Control is undergoing its third transfer of control within three years, driven by significant performance losses and the urgency of its current controller, Cao Deli, to exit the company [1][2]. Group 1: Control Transfer Details - On August 6, Yonghe Intelligent Control announced that Hangzhou Runfeng Intelligent Equipment Co., Ltd. would become the new controlling shareholder through a "share transfer agreement + voting rights entrustment" method [1]. - Cao Deli plans to transfer 35,660,326 shares (8.00% of total shares) to Hangzhou Runfeng at a price of 8.9736 yuan per share, totaling approximately 320 million yuan [2]. - After the transfer, Hangzhou Runfeng will hold 8% of the shares and 14.65% of the voting rights, with the actual controller changing to Sun Rongxiang [2]. Group 2: Business Operations and Future Plans - Despite the association with "robotics + low-altitude economy," Hangzhou Runfeng has not engaged in any related business activities and has committed not to pursue such operations in the future [4]. - Yonghe Intelligent Control is focused on divesting non-performing assets, particularly in the photovoltaic and medical sectors, which have not met expectations [4][5]. - The company must complete the divestiture of these assets by December 20, 2025, with Cao Deli promising to "buy back" any unsold assets if necessary [4]. Group 3: Historical Context and Performance - Since Cao Deli took control in 2019, the company has attempted to pivot towards the healthcare sector but has continued to experience declining profits, with net losses increasing from 26.18 million yuan in 2022 to 297 million yuan in 2024 [6][7]. - The first control transfer attempt occurred in November 2022, which was ultimately terminated, leading to the current situation [7][9]. - This marks the third attempt by Cao Deli to transfer control, indicating ongoing challenges in stabilizing the company's performance [10].