5i5j(SZ:000560) Feng Huang Wang·2025-08-23 01:33Core Viewpoint - The company I Love My Home Holdings Group Limited (000560.SZ) announced that its actual controller, Xie Yong, will have 115 million shares (approximately 4.88% of total shares) judicially auctioned, which may impact the shareholding structure but not the control of the company [1][4]. Group 1: Judicial Auction Announcement - The auction of Xie Yong's shares is scheduled for September 27-28, 2025, on Alibaba's auction platform, with a starting price of approximately 316 million yuan [1]. - The starting price is calculated as 90% of the average closing price over the 20 trading days prior to the auction date, based on the closing price of 3.05 yuan on August 21, 2025 [1]. Group 2: Legal Proceedings - The Shanghai Pudong New Area People's Court issued an execution notice based on a legal ruling, indicating that the execution applicant, Ni, has not fulfilled the obligations set by the court [2]. Group 3: Impact on Shareholding Structure - If the auction is successful, Xie Yong's shares will decrease from 130 million to 15 million, reducing his ownership from 5.52% to 0.64% [4]. - The total shares controlled by Xie Yong and his associates will drop from approximately 541 million to 426 million, changing their ownership from 22.97% to 18.09% [4]. - Despite these changes, Xizang Taihe remains the controlling shareholder, and Xie Yong continues to be the actual controller, ensuring no change in company control [4]. Group 4: Company Performance - In Q1, the company reported revenue of 2.823 billion yuan, a year-on-year increase of 2.54%, with a gross margin of approximately 10.28%, up by 1.75 percentage points [5]. - The net profit attributable to shareholders was 6.27 million yuan, a decrease of 75.29%, while the net profit excluding non-recurring items was 22.6 million yuan, an increase of 141.26% [5]. - The total housing transaction amount (GTV) reached 68.11 billion yuan, reflecting a year-on-year growth of 33.0% [5]. - As of the reporting period, the company operated approximately 2,623 stores, including 2,123 direct-operated and 500 franchised stores [5]. Group 5: Stock Performance - As of August 22, the company's stock closed at 3.01 yuan per share, with a decline of 1.31% [6].