Recently, the leading air filtration company in the A-share market, GOLDENSEA (603311), announced a significant equity change. The company's original controlling shareholder, Huitou Holdings, along with its concerted parties, will transfer their 29.6% stake for a total price of 1.45 billion yuan to individuals Jin Danliang and Chen Yongcong. After the transaction is completed, these two seasoned capital professionals from the gaming industry will officially become the new actual controllers of the company, marking a new development stage for this high-quality manufacturing enterprise in a niche sector.
The most notable aspect of this change in control that has attracted market attention is the new controllers' distinct cross-industry attributes. Both Jin Danliang and Chen Yongcong have deep roots in the gaming industry, possessing mature experience in industrial operations and capital management. Their substantial investment in a high-end filter material manufacturing company reflects a long-term optimism towards the real economy and highlights the mainstream trend of capital shifting towards high-end manufacturing and the real industry.
One of the new controllers, Jin Danliang, is the actual controller of the New Third Board listed company Yuchuang Shiji (839791.NQ). Yuchuang Shiji focuses on game operation and publishing as well as software development, operating several well-known online games such as &#34;Eight Desolation Master,&#34; &#34;Pride of Heaven Absolute Sword,&#34; &#34;Furious Journey to the West,&#34; and &#34;Battle God of Qi Tian.&#34; Since becoming the controlling shareholder in July 2023, Jin Danliang has led the company to achieve exponential growth: in 2023, it successfully turned losses into profits, with revenue of 77.2758 million yuan and a net profit of 54.9931 million yuan; by 2025, revenue is expected to exceed 530 million yuan, with net profit approaching 300 million yuan, showcasing outstanding growth capability. Jin Danliang previously worked at Zhejiang Shenghe Network, deeply involved in game product operations and capital management, and has achieved stable returns in equity operations at leading gaming companies such as Kaiying Network and Century Huatong, earning market recognition for his capital strength and investment insight.
The other new controller, Chen Yongcong, also possesses extensive industry and capital experience. He previously held important management positions at Kaiying Network and is currently the Vice President of Business at Century Huatong and a director at Jiangxi Ganshu Investment Development Co., Ltd. He has comprehensive experience in corporate governance, strategic planning, and resource integration for listed companies, which can provide mature management support for GOLDENSEA's long-term development.
In terms of management structure, GOLDENSEA will form a &#34;youthful and professional&#34; core management synergy. Current Chairman Ding Yike will lead the company to maintain stable operations, and with the entry of the two new entrepreneurs, the three parties will complement each other's advantages, likely driving the company to break through existing growth bottlenecks and open up greater development space.
As a benchmark enterprise in the domestic air filtration field, GOLDENSEA focuses on the research, production, and sales of core air filtration materials and components. Its product matrix covers key categories such as filtration materials, filter nets, filters, and fans, widely applied in high-growth scenarios such as home appliances, new energy vehicles, aerospace, and fresh air systems. The company's customer structure is high-quality, deeply binding with leading domestic and foreign home appliance brands and mainstream new energy vehicle manufacturers, and participating in domestic large aircraft projects, with dual solid technical and customer barriers.
From a financial perspective, GOLDENSEA is a typical high-performing small and mid-cap stock. From 2023 to 2025, the company's revenue is expected to steadily grow from 725 million yuan to 855 million yuan, with a cumulative increase in net profit attributable to the parent company exceeding 60% over three years, demonstrating a stable growth trend. At the same time, the company's cash flow situation is excellent, with a significant improvement in net operating cash flow by 2025, ensuring solid profit quality
The company has long adhered to an active dividend policy, continuously rewarding shareholders through cash dividends and share buybacks, demonstrating outstanding investment appeal among small and medium-sized listed companies.
To ensure stable control and safeguard the continuous and healthy development of its main business, this transaction is accompanied by ultra-long-term, highly binding commitment clauses: the new actual controller commits not to reduce or transfer shares within 5 years after the share transfer, with a lock-up period significantly longer than the market norm; commits not to inject gaming and other unrelated assets within 3 years; and commits not to adjust the existing main business within 1 year. These commitments fundamentally reduce the operational volatility risks that may arise from cross-industry control, clearly conveying the new actual controller's firm attitude of &#34;focusing on the real economy, long-term holding, and stable operation.&#34;
From an industry trend perspective, the air filtration industry is currently in an upward cycle of sustained demand release. The domestic home appliance market is recovering, overseas exports are maintaining high growth, the penetration rate of new energy vehicles is continuously increasing, and the domestic substitution in the aviation sector is accelerating. Multiple favorable factors are jointly driving the long-term growth of the industry. GOLDENSEA, leveraging its advantages in technology research and development, customer resources, and global layout, will fully benefit from the industry dividend, and its future growth potential is worth looking forward to.
As of now, the process related to the transfer of control of GOLDENSEA is steadily advancing, and the share transfer can be completed once approved by the Shanghai Stock Exchange. The market generally believes that this cross-industry entry by gaming capital is not a short-term financial investment, but rather a long-term strategic starting point for the new actual controller's layout in high-end manufacturing. With the dual support of a youthful management team and solid long-term commitments, GOLDENSEA is expected to continue to deepen its core business in air filtration, continuously strengthen its core competitiveness, and achieve a simultaneous enhancement of operational performance and corporate value

603311

GOLDENSEA (603311) announced a change in equity, with the original controlling shareholder Huitou Holdings transferring 29.6% of its equity for 1.45 billion yuan to Jin Danliang and Chen Yongcong, who will become the new actual controllers. Jin Danliang has extensive experience in the gaming industry and previously led Yuchuang Century to achieve performance growth. The new management team will promote the company's transformation towards high-end manufacturing, forming a younger and more professional management team

GOLDENSEA welcomes a new helmsman, long-term commitment to securing the foundation of industrial development