Code CNC: The controlling shareholder, actual controller, and others commit not to reduce their holdings during a specified period

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On February 23, Kode CNC Co., Ltd. (stock abbreviation: Kode CNC) announced that the company’s controlling shareholder, Dalian Guangyang Technology Group Co., Ltd., the actual controllers Mr. Yu Dehai and Mr. Yu Benhong, and General Manager Mr. Chen Hu have each issued a “Letter of Commitment Regarding Non-Reduction of Shares During a Specific Period.”

Based on confidence in the company’s future development prospects and recognition of its long-term investment value, to support the company’s sustained, stable, and healthy development, to enhance investor confidence, and to effectively safeguard the interests of the company and investors as well as the stability of the capital market, the aforementioned shareholders voluntarily commit not to reduce their holdings of the company’s shares, whether directly or indirectly, in any manner, within the next six months starting from February 23, 2026.

As of the date of the announcement, the total number of shares controlled by the above shareholders is 52,260,000 shares, accounting for 39.32% of the company’s total share capital.

According to Tianyancha data, Kode CNC was established on January 28, 2008, with a registered capital of 132.906678 million RMB. The legal representative is Yu Benhong, and the registered address is No. 1-2-1 Tianfu Street, Dalian Economic and Technological Development Zone, Liaoning Province. Its main business includes the design, research and development, production, sales, and service of five-axis linkage CNC machine tools and their key functional components, as well as high-end CNC systems.

Currently, the company’s chairman is Yu Benhong, the secretary of the board is Zhu Lihua, with 735 employees, and the actual controllers are Yu Dehai and Yu Benhong.

The company has six associated companies, including Chongqing Hongde Intelligent Control System Co., Ltd., Shaanxi Kode CNC Technology Co., Ltd., Shenyang Kode CNC Technology Co., Ltd., Ningxia Kode CNC Technology Co., Ltd., Chongqing Kode Intelligent Control Technology Research Institute Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 315 million yuan, 452 million yuan, and 605 million yuan, respectively, with year-on-year growth rates of 24.39%, 43.37%, and 33.88%. The net profit attributable to the parent was 60.4538 million yuan, 102 million yuan, and 130 million yuan, with year-on-year growth rates of -17.04%, 69.01%, and 27.37%. During the same period, the company’s asset-liability ratio was 22.81%, 24.42%, and 19.00%.

Regarding risks, Tianyancha information shows that the company has 3 internal Tianyan risks, 14 surrounding Tianyan risks, 4 historical Tianyan risks, and 47 early warning Tianyan risks.