According to financial media reports on December 27 (Reporter Wang Bin), three years ago, Chengdu Haoneng Technology (603809.SH) was ambitious, investing nearly 100 million yuan to increase its stake in SiChuan Aerospace Shenkun Technology Co., Ltd. (hereinafter referred to as "Aerospace Shenkun"). However, now it appears that "Little Sweetie" has turned into "Mrs. Bull", as Aerospace Shenkun is about to be heavily discounted for sale.

This evening, Chengdu Haoneng Technology announced that due to the underperformance of Aerospace Shenkun's business, and the major shareholder SiChuan Aerospace Industrial Conglomerates Co., Ltd. having already listed its 46.2943% equity stake in Aerospace Shenkun for transfer, taking into account the uncertainties in Aerospace Shenkun's future development, the company signed an equity transfer agreement with Jiangsu Supry Technology Co., Ltd. (referred to as "Jiangsu Supry") on December 27, proposing to sell 34% of its stake in Aerospace Shenkun for a transfer price of 9.537 million yuan.

“After the completion of this transaction, the company will no longer hold shares in Aerospace Shenkun, but will continue to delve into the aerospace components field, concentrating funds and resources to fully develop Chengdu Haoneng Aerospace Technology Co., Ltd., further enhance its business scale, improve asset efficiency, and deepen the company’s aerospace industry layout.” said Chengdu Haoneng Technology.

Financial media reporters noted that this year, Chengdu Haoneng Technology has repeatedly represented Aerospace Shenkun on investor interaction platforms. For example, on May 28, Chengdu Haoneng Technology stated that its 34% stake in Aerospace Shenkun serves as a commercial aerospace incubator platform for SiChuan Aerospace; on June 13, Chengdu Haoneng Technology revealed that Aerospace Shenkun was supplying structural components related to Interstellar Glory; on August 12, Chengdu Haoneng Technology stated that it has laid out in the commercial aerospace sector with Haoneng Aerospace and Aerospace Shenkun, with products involving rocket structural component manufacturing and other businesses.

On December 22, 2021, Chengdu Haoneng Technology announced that after obtaining approval from the relevant authorities of Aerospace Shenkun, the company became the final investor confirmed for the equity increase project, with an investment amount of 88.223 million yuan, holding 34% of equity after the increase. The source of funds is from the company's own funds.

At that time, Chengdu Haoneng Technology stated that investing in Aerospace Shenkun was an important step in deploying the company’s development strategy, which would deepen the dual main business layout of "Autos + Aviation", making the company a dual-driving, comprehensive strength-driven high-quality listed company, and it holds significant importance for the company’s strategic positioning and long-term development.

However, just over three years later, Chengdu Haoneng Technology is eager to "dump" Aerospace Shenkun, with the transfer price being only 10.81% of the initial investment. The reason for this closely relates to the fact that Aerospace Shenkun's business performance did not meet expectations.

Financial data shows that in 2023, Aerospace Shenkun achieved a revenue of 18.8709 million yuan and a net loss of 0.169 billion yuan. In the first four months of 2024, Aerospace Shenkun had a revenue of 8.5668 million yuan and a net loss of 27.0281 million yuan. As of April 30, the company's total assets amounted to 0.292 billion yuan, with total liabilities of 0.274 billion yuan and net assets of only 18.0534 million yuan.

In comparison, Aerospace Shenkun achieved revenues of 0.176 billion yuan in 2020 and 61.1508 million yuan from January to August 2021, with corresponding net incomes of 4.9348 million yuan and 567,600 yuan, but the net profit margins were only 2.8% and 0.93% respectively. As of August 31, 2021, Aerospace Shenkun's total assets were 0.262 billion yuan, with net assets of 52.7239 million yuan.

Notably, while stepping away from the commercial space sector, Chengdu Haoneng Technology continues to increase investment in Aviation parts.

On the same evening, Chengdu Haoneng Technology announced that its wholly owned subsidiary Chengdu Haoyi Qiang Aviation Equipment Manufacturing Co., Ltd. has signed an "Investment Agreement" with the Industrial Concentration Development Zone Management Committee of Chengdu Qingyang District and the Huangtiansha Street Office of Chengdu Qingyang District People's Government, intending to invest in building and operating an "Intelligent Manufacturing Center for Aviation Parts" in Qingyang District, Chengdu. The total planned investment for this project is 0.3 billion yuan, aiming to centralize, integrate, and optimize the company's existing production lines for Aviation parts.

Chengdu Haoneng Technology is primarily engaged in the research, development, production, and sales of components related to auto transmission systems and high-end precision manufacturing of Aviation parts. In the first three quarters of 2024, the company achieved a revenue of 1.688 billion yuan, a year-on-year increase of 26.57%; achieved a net income attributable to shareholders of 0.243 billion yuan, a year-on-year increase of 62.64%.