of December 25, Yonghe Intelligent Control issued a public announcement, in view of the failure to collect qualified intended transferees during the first four public listing publicity periods. The company continued to promote the fifth listing transfer of 51% equity of its holding subsidiary Pule New Energy Technology (Taixing) Co., Ltd. (Hereinafter referred to as "Taixing Pule") and all its creditor's rights to Taixing Pule.
Compared with the first listing price, the listing price can be called "fracture" .
Since the first listing and transfer of the subject matter on November 4, 2025, the 51% equity of Taixing Pule and all the creditor's rights of the company to Taixing Pule have been listed and transferred for four consecutive times, and no one is interested in them, and the listing price has also dropped from the first 30.49 million yuan . At present, the fifth listing price has been as low as 2 fold 6.098 million yuan.
In addition, on December 25, Yonghe Intelligent Control also announced the third public listing transfer of 100% equity of Kunming Medical Cancer Hospital Co., Ltd. (Hereinafter referred to as "Kunming Medical"), a wholly-owned Sun Company. The third listing price also dropped from 35.9277 million yuan for the first time on November 24 to 21.55662 million yuan, a drop of 40%.
In addition, on December 3, Yonghe Intelligent Control announced that it intends to publicly list and transfer 100% equity of Chengdu Shanshui Hotel Co., Ltd., a wholly-owned Sun Company , and the creditor's rights of Chengdu Yonghe Cheng Medical Technology Co., Ltd. The total initial listing base price of the above equity and creditor's rights is not less than 185 million yuan .
Yonghe Intelligent Control's listing of several of its subsidiaries is closely related to its continuing poor financial situation.
Yonghe Intelligent Control was originally mainly engaged in plumbing fittings, valves and other businesses. In 2022, the company laid out its photovoltaic business across borders through mergers and acquisitions and self-construction, and through its holding subsidiary Pule Taixing. We will vigorously promote the R & D, production and sales of N-type high-efficiency solar cells, and form a dual-industry pattern of "valve manufacturing + photovoltaic new energy".
Unexpectedly, cross-border is a loss.
Since the layout of photovoltaic business in 2022, the performance of Yonghe Intelligent Control has been in a loss state, and the loss area has expanded rapidly. From 2022 to 2024, the net profit returned to the mother was 0.27 billion yuan, 156 million yuan and 297 million yuan respectively. The third quarterly report of
2025 shows that although the speed of "blood loss" was slightly curbed in the first three quarters, it still lost 60.46 million yuan, but this is also related to the almost complete stagnation of its photovoltaic business . Yonghe Intelligent Control 2025 Semi-annual Report shows that in the first half of this year, the company 's photovoltaic cell business revenue was only 58,848.18 yuan . It accounts for 0.02% of business income .
In addition, by the end of September, the debt ratio of Yonghe Intelligent Control had reached 73.24% , a significant increase of 15.76 percentage points over the same period last year.
In fact, as early as 2024, Yonghe Intelligent Control had the intention to withdraw from the photovoltaic business. On October 24,
2024, Yonghe Intelligent Control issued an announcement. On October 22, the company signed the Agreement on Equity Acquisition and Creditor's Rights Transfer of Pule New Energy Technology (Taixing) Co., Ltd. with Shenzhen Fanrong Industrial Co., Ltd. (Hereinafter referred to as "Fanrong Industrial"), a third party designated by Shanghai Guosheng Xusheng Energy Technology Co., Ltd. (Hereinafter referred to as "Guosheng Xusheng"). Yonghe Intelligent Control intends to transfer 51% equity of Taixing Pule and all its creditor's rights to Taixing Pule to Fanrong Industry at a transaction consideration of 61.4 million yuan in the form of a package deal.
But ultimately, the transfer was unsuccessful. On October 10, 2025, the two sides terminated the transfer agreement. ( The transfer price is 61.4 million yuan! Photovoltaic Cross-border Listed Companies Retreat!
Continuous "blood loss", debt pressure, Yonghe Intelligent Control also opened the anxious "cut meat sale" subsidiary model, but frequent sharp price cuts "cut meat sale" is still no one interested, Yonghe Intelligent Control's current predicament?
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