Core Viewpoint - The control change of Yonghe Intelligent Control (002795) has been terminated due to the acquirer's failure to pay the initial share transfer payment, leading to a significant drop in the company's stock price [1][2]. Group 1: Control Change Termination - Yonghe Intelligent Control's stock price fell over 7% during intraday trading on August 13, ultimately closing down 5.24% at 5.24 yuan per share, with a total market capitalization of approximately 2.336 billion yuan [1]. - The termination of the control change was announced on August 12, stating that the acquirer, Hangzhou Runfeng, failed to pay the initial transfer payment of approximately 20.0015 million yuan by the agreed deadline [2]. - This marks the third failed attempt by the actual controller, Cao Delin, to change control since he took over in 2019, with previous attempts in 2022 and 2023 also failing [3]. Group 2: Financial Performance - Yonghe Intelligent Control has reported continuous net losses for three consecutive years, with net profits of approximately -26.1867 million yuan in 2022, -155.6 million yuan in 2023, and -297 million yuan in 2024 [3]. - The company’s revenue for the years 2022 to 2024 was approximately 990 million yuan, 948 million yuan, and 823 million yuan, respectively [3]. - The company expects a net loss of between 56 million yuan and 30 million yuan for the first half of 2025, indicating a reduction in losses compared to the same period last year, but still not achieving profitability [4]. Group 3: Business Operations - Yonghe Intelligent Control operates primarily in the production and management of household water heating valves and fittings, while also focusing on the emerging industry of precise radiation treatment for tumors [3]. - The decline in net profit is attributed to reduced revenue from the valve and fitting business, decreased product gross margins, and high depreciation and labor costs [4]. - The company aims to establish a stable and high-quality industrial development model, focusing on its core business areas to achieve profitability in the future [4].

Core Viewpoint - The control change of Yonghe Intelligent Control (002795) has been terminated due to the acquirer's failure to pay the initial share transfer payment, leading to a significant drop in the company's stock price [1][3]. Group 1: Control Change Termination - On August 12, Yonghe Intelligent Control announced the termination of the control change due to the acquirer's failure to pay approximately 20.01 million yuan for the initial share transfer [3][4]. - The proposed transfer involved selling 8% of the company's shares at a price of 8.9736 yuan per share, totaling around 320 million yuan [3][4]. - This marks the third failed attempt by the actual controller, Cao De Li, to change control since he took over in 2019 [4]. Group 2: Stock Price Reaction - Following the announcement, Yonghe Intelligent Control's stock opened down 7.59% and closed at 5.24 yuan per share, with a total market capitalization of approximately 2.336 billion yuan [3][4]. - The stock price decline reflects investor concerns regarding the company's future prospects after the failed control change [4]. Group 3: Financial Performance - Yonghe Intelligent Control has reported net losses for three consecutive years, with net profits of approximately -26.19 million yuan in 2022, -156 million yuan in 2023, and -297 million yuan in 2024 [6][7]. - The company’s revenue has also declined, with figures of approximately 990 million yuan in 2022, 948 million yuan in 2023, and 823 million yuan in 2024 [7]. - The company expects a net loss of between -56 million yuan and -30 million yuan for the first half of 2025, indicating ongoing financial challenges [7][8]. Group 4: Business Strategy - Yonghe Intelligent Control aims to establish a dual business model focusing on "water heating valve and fitting business" and "precision radiation treatment for tumors" to achieve sustainable and high-quality development [8].

Core Viewpoint - Yonghe Intelligent Control announced the termination of the control change, which was previously disclosed on August 6, leading to a significant stock price fluctuation [2][4]. Group 1: Control Change Announcement - On August 12, Yonghe Intelligent Control received a notice from its controlling shareholder, Cao Delin, indicating the termination of the share transfer agreement signed on August 5, 2025, with Hangzhou Runfeng Intelligent Equipment Co., Ltd. [2][6]. - The share transfer involved 35.66 million shares (8% of total shares) at a price of 8.9736 yuan per share, totaling 320 million yuan [6][7]. Group 2: Stock Price Reaction - Following the announcement of the control change on August 6, the stock price of Yonghe Intelligent Control hit the daily limit up on August 5, but dropped sharply by 5.8% on August 6 after opening high [4][7]. - The stock experienced a continuous decline over the next five trading days, with a cumulative drop of 15% [12]. Group 3: Reasons for Termination - The termination was due to Hangzhou Runfeng's failure to pay the first installment of the share transfer payment of 20 million yuan by the agreed deadline [9][10]. - The agreement stipulated that if the payment was not made within the specified time, the transfer agreement would be deemed invalid and automatically terminated [9][10]. Group 4: Company Financial Performance - Yonghe Intelligent Control's main business focuses on the production and operation of household water heating valves and fittings, contributing approximately 85% to revenue, while tumor precision radiation therapy contributes less than 15% [14]. - The company has been experiencing continuous losses over the past three years, with a projected net profit loss of 294 million yuan for 2024 [14][15].

Core Viewpoint - Yonghe Intelligent Control announced the termination of a control change transaction involving its major shareholder, Cao Delin, due to non-payment by Hangzhou Runfeng Intelligent Equipment Co., Ltd. [1][5] Group 1: Control Change Announcement - On August 6, Yonghe Intelligent Control disclosed a control change plan, which led to a stock price surge and subsequent drop, closing down 5.8% on the same day [2][4] - The control change involved the transfer of 35.66 million shares (8% of total shares) from Cao Delin to Hangzhou Runfeng at a price of 8.9736 yuan per share, totaling 320 million yuan [3][4] Group 2: Payment Issues - The transaction was terminated because Hangzhou Runfeng failed to pay the initial transfer amount of 20 million yuan by the agreed deadline [5][6] - The agreement stipulated that if the payment was not made within the specified timeframe, the transfer agreement would be deemed invalid and automatically terminated [5][6] Group 3: Market Reaction and Financial Performance - Following the announcement of the control change, Yonghe Intelligent Control's stock experienced a significant decline, with a cumulative drop of 15% over five trading days [7] - The company has been facing continuous losses, with a projected net loss of 294 million yuan for 2024, primarily from its main business in household plumbing valves and fittings [7]

Core Viewpoint - Yonghe Intelligent Control announced the termination of the control change, which was previously disclosed, leading to a significant stock price fluctuation [1][3]. Group 1: Control Change Announcement - On August 12, Yonghe Intelligent Control received a notice from its controlling shareholder, Cao Delin, indicating the termination of the share transfer agreement signed on August 5, 2025, with Hangzhou Runfeng Intelligent Equipment Co., Ltd. [1][4]. - The share transfer involved 35.66 million shares (8% of total shares) at a price of 8.9736 yuan per share, totaling 320 million yuan [4][5]. Group 2: Stock Price Reaction - Following the announcement of the control change on August 6, the stock price of Yonghe Intelligent Control hit the daily limit up on August 5 but plummeted by 5.8% on August 6 after opening high [3][5]. - The stock experienced a continuous decline over the next five trading days, with a cumulative drop of 15% [9]. Group 3: Financial Performance - Yonghe Intelligent Control's main business includes the production of household water heating valves and fittings, contributing approximately 85% to revenue, while tumor precision radiation therapy contributes less than 15% [9]. - The company has been experiencing continuous losses over the past three years, with a projected net profit loss of 294 million yuan for 2024 [9][10].