Luchang Technology announced on the evening of September 29 that it had received notice from its controlling shareholder, Zoomlion Heavy Industry Science and Technology, that Zoomlion is planning to transfer its shares in the company through methods such as a negotiated transfer. The counterparty in this transaction is in the new energy battery industry, and the matter may lead to a change in the company's control. Trading in the company's shares will be suspended from the market open on September 30, 2026, with the suspension expected to last no more than two trading days. Before the suspension, the company's share price had risen for several consecutive days and hit the daily limit on September 29. Luchang Technology is mainly engaged in the development, production, sales and services of automotive intelligent products. In 2022, Zoomlion obtained control of the company through share transfers and a tender offer. In terms of performance, the company achieved operating revenue of 374 million yuan in 2025, up 3.61 percent year on year, while net profit attributable to shareholders of the listed company was a loss of 9.37 million yuan, compared with a loss of 5.54 million yuan in the same period last year. In the first half of this year, operating revenue was 153 million yuan, down 16.38 percent year on year, and net profit attributable to shareholders of the listed company was a loss of 2.2 million yuan, compared with a loss of 4.65 million yuan in the same period last year.
Zoomlion Heavy Industry Science and Technology Co LtdZoomlion plans to transfer its controlling stake in Luchang Technology via negotiated transfer, potentially ceding control of the subsidiary.
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