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Caixin learned on July 24 that there is another large-scale equity division following a divorce. Beijing New Space Technology (605178.SH) announced tonight that it has received notification from shareholder Yang Yaohua holding more than 5% of the company about dividing stocks with Zhou Lei concerning their divorce settlement agreement.

Yang Yaohua plans to transfer his 4.7641 million shares of Beijing New Space Technology, which account for about 4.8 percent of the company's total share capital, to Zhou Lei. After the equity transfer, Yang Yaohua holds about 7.2 percent of the company's total share capital, while Zhou Lei holds about 4.8 percent.

According to the announcement, Yang Yaohua's Beijing New Space Technology shares are currently unrestricted outstanding shares. After this equity transfer, Yang and Zhou will continue to comply with relevant provisions regarding major shareholder information disclosure, reduction quotas, and reduction restrictions.

It should be noted that from May 24 to June 20 this year, Yang Yaohua sold a total of 0.9925 million shares of Beijing New Space Technology on the secondary market through centralized bidding transactions, cashing out approximately 13 million yuan. Prior to this equity transfer, Yang Yaohua still held about 11.9133 million shares of Beijing New Space Technology and was the company's second-largest shareholder, with a shareholding ratio of 12%.

Based on Beijing New Space Technology's closing price of 12.02 yuan/share as of today, this property division involves a market value of approximately 1.43 billion yuan, with Yang Yaohua's shareholding worth about 57.2642 million yuan. According to Beijing New Space Technology's IPO prospectus, Yang Yaohua was born in 1974 and is now 50 years old.

In recent years, Beijing New Space Technology's performance has not been ideal. In 2020, its first year of listing, the company's revenue and net profit both declined, and it even suffered continuous losses for three years afterward. According to financial data, the company will lose approximately 177.14 million yuan, 20.9 million yuan, and 207 million yuan in net income during 2021 to 2023, for a total loss of about 0.434 billion yuan.

As of 2024, the company's operating performance has still not improved. According to Beijing New Space Technology's announcement regarding half-year performance predictions for 2024, the company expects a net loss of 67 million yuan to 82 million yuan in the first half of this year, as compared to a loss of 73.876 million yuan during the same period last year.

Beijing New Space Technology states that the main reasons for this performance decline are that the company's revenue has grown slightly compared to the same period in the previous year, but its business gross profit margin has been compressed due to macroeconomic and industry factors; local finance and other factors have led to longer repayment cycles for the company's projects, and asset impairment and credit impairment losses calculated according to accounting policies have directly affected the company's profit; despite the company's efforts to reduce costs and improve efficiency, fixed costs and necessary operating expenses have limited downward space.

Information shows that the company mainly engages in lighting engineering system integrated services, primarily serving outdoor public activity spaces or sceneries for night landscape lighting. Different from functional lighting, landscape lighting aims to beautify space environments, enhance urban nighttime quality, and improve the quality of public nightlife.