Beiken Energy announced that controlling shareholder and actual controller Chen Pinggui is planning to transfer all shares held by himself and his spouse, representing 13.16% of the company's total share capital, which may lead to a change in the controlling shareholder and actual controller. Trading in the company's shares will be suspended from the market open on July 27, 2026, with the suspension expected to last no more than two trading days. The counterparty in this transaction is in the new energy storage sector, and the parties are currently in discussions and negotiations, with no agreement signed yet. Chen Pinggui and his spouse together hold 13.16% of the listed company's shares, and this proposed transfer of their entire holdings constitutes a full exit. Previously, on June 15 this year, the company had just terminated its 2025 private share placement and control change plan, which originally intended to issue shares to Chairman Chen Dong to raise no more than 356 million yuan, after which Chen Dong would hold 21.18% of the shares and become the new actual controller. Beiken Energy achieved operating revenue of 978 million yuan in 2025, with net profit attributable to the parent company of 22.1054 million yuan, but for the first half of 2026, it expects a net loss attributable to the parent company of 115 million to 125 million yuan, turning from profit to loss year-on-year, mainly due to exchange losses at its Iranian subsidiary, impairment provisions for oil and gas assets, and revenue decline caused by delays in some work volumes. Over the past month or so, the company's share price has risen nearly 40% cumulatively, with the latest closing price at 12.43 yuan and a total market capitalization of 2.5 billion yuan.
XinJiang Beiken Energy Engineering Stock Co LtdPlanned control change with new energy storage counterparty, but no agreement signed; previous plan terminated; full exit by current controller.