
Core Viewpoint - The recent share transfer from the actual controller of Huichuan Technology, Zhu Xingming, to his daughter Zhu Hanyue marks the completion of a four-year equity gift agreement, with a total value of approximately 14.53 billion yuan [1][5][6]. Financial Performance - In the first half of the year, Huichuan Technology reported revenue of 20.509 billion yuan, a year-on-year increase of 26.73%, and a net profit attributable to shareholders of 2.968 billion yuan, up 40.15% year-on-year [1][8]. - The company's smart elevator electrical segment saw a revenue decline of 1.05% year-on-year, with a gross margin decrease of 1.94 percentage points [1][9]. Share Transfer Details - Zhu Xingming transferred a total of 9.6021 million shares to Zhu Hanyue at an average price of 80.14 yuan per share, valued at approximately 770 million yuan [1][5]. - Prior to this transfer, Zhu Xingming had already transferred 11 million shares to his daughter in December 2022, valued at about 683 million yuan, bringing the total value of shares transferred to approximately 14.53 billion yuan [1][5][6]. Ownership Structure - After the recent share transfer, Zhu Xingming holds 34.9903 million shares, representing 1.3% of the total share capital, while Zhu Hanyue holds 20.6021 million shares, or 0.76% [3][5]. - The share transfer does not affect Zhu Xingming's control over the company, as the voting rights of the shares received by Zhu Hanyue will be unconditionally entrusted to him [7][8]. Market Context - The overall economic environment remains stable, with a GDP growth of 5.3% year-on-year, and the manufacturing sector showing signs of recovery [8]. - Huichuan Technology's main business segments include general automation, new energy vehicles, smart elevators, and rail transit, with the new energy vehicle segment experiencing a revenue growth of approximately 50% [8][9].