ChinaRobotics & Physical AI5
Yifan Transmission's actual controller plans to transfer 5% stake for 113 million yuan
Yifan Transmission released an equity change announcement on the evening of October 8. The company's actual controller Liu Jincheng plans to transfer 5% of his shares through a negotiated transfer, with the transferee being the Guolian Tianyi Flexible Allocation No. 11 collective asset management plan under Guolian Asset Management. The transfer price is 24.2 yuan per share, and the total transaction consideration is approximately 113 million yuan. The subject of this transaction is 4.665 million unrestricted tradable shares. Before the transfer, Liu Jincheng held 33.56% of Yifan Transmission's shares. After the transfer is completed, his shareholding will drop to 28.56%, and he will remain the controlling shareholder and actual controller of the listed company. The transaction will not trigger a mandatory tender offer, nor will it change the control of the listed company. The asset management plan under Guolian Asset Management, as the transferee, is a financial investor and does not seek control. It has committed not to reduce its holdings within 12 months after the share transfer is completed. The transfer still needs to pass compliance review by the Shenzhen Stock Exchange before the transfer registration can be processed, so there is some uncertainty. The announcement stated that the reason for the transfer is the actual controller's personal capital needs, while also aiming to introduce medium- and long-term institutional investors who recognize the company's intrinsic value. The cashed-out funds belong to the actual controller personally and will not be injected into the listed company. Against the backdrop of pressure on the main business, the company achieved revenue of 118 million yuan in the first half of 2026, down 8.54% year-on-year, and net profit attributable to the parent of 25.87 million yuan, down 30.98% year-on-year. Among these, energy storage geared motor revenue was 78 million yuan, down 10.63% year-on-year, and RV geared motor revenue was 17 million yuan, down 12.55% year-on-year.
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301023.CS · Capital · Neutral Actual controller Liu Jincheng is transferring 5% of his shares for ~113 million yuan to a financial investor, reducing his stake to 28.56% while remaining controlling shareholder; the transfer is for personal capital needs and introduces an institutional investor, with no change in control.