JAHEN(SZ:300955) Shen Zhen Shang Bao·2026-01-04 00:24Core Viewpoint - Jiaheng Jiahua (300955) announced a share transfer agreement involving its founder and actual controller, Zeng Bensheng, who will transfer a total of 29.70% of the company's shares to Hangzhou Pinbianyi Network Technology Co., Ltd. and two other entities at a price of 33.21 CNY per share. This move is seen as a strategic investment to help the company improve its operational capabilities amid declining performance [2][3][4]. Group 1: Share Transfer Details - Zeng Bensheng signed a share transfer agreement with Hangzhou Pinbianyi to transfer 19.40% of the company's shares, amounting to 19,555,200 shares [3]. - A second agreement was signed with Wenzhou Cangxiao Enterprise Management Partnership to transfer 5.20% of the shares, totaling 5,241,600 shares [3]. - A third agreement was made with Hangzhou Runyi Enterprise Management Consulting Partnership to transfer 5.10% of the shares, totaling 5,140,800 shares [4]. Group 2: Offer and Financial Implications - Following the share transfer, Hangzhou Pinbianyi plans to launch a partial tender offer to acquire an additional 21.10% of the company's shares, which amounts to 21,268,800 shares [5]. - The total estimated funding required for this tender offer is not expected to exceed 706 million CNY, with a performance guarantee of 141 million CNY to be deposited within two trading days [6]. - The acquisition aims to enhance the company's long-term value and operational capabilities, leveraging the acquirer's resources in the consumer goods sector [6]. Group 3: Company Performance Context - Jiaheng Jiahua has faced declining performance, with revenue decreasing by 9.45% in 2022 and 3.41% in 2023, and a net profit drop of 28.25% and 42.39% in the same years [7]. - In 2024, the company reported its first loss since going public, with a loss of 23.7 million CNY and a revenue decline of 9.13% [7]. - By the third quarter of 2025, the company reported a revenue of 860 million CNY, a year-on-year increase of 24.42%, but a net loss of 29.5 million CNY, surpassing the total loss of the previous year [7].