Hexin Instruments: Shareholder Kejin Venture Capital's Over 3.87 Million Shares Subject to Judicial Continued Freezing

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 11, Hoxin Instruments (Stock Code: 688622) announced that the company’s shareholder Guangzhou Science and Technology Financial Innovation Investment Holding Co., Ltd., holding more than 5% of the shares, continues to have 3,871,129 shares frozen by judicial authorities, accounting for 5.49% of the company’s total share capital and 100% of Kexin Venture Capital’s holdings.

The freezing period has been extended until March 9, 2029. The reason for the freeze is that the applicant, First Venture Securities Co., Ltd., applied to continue preserving Kexin Venture Capital’s assets.

Kexin Venture Capital is not a controlling shareholder, the largest shareholder, or an affiliated party of the company. The judicial freeze of its shares will not lead to a change in the company’s control and will not affect the company’s daily operations and management.

According to Tianyancha data, Hoxin Instruments was established on June 24, 2004, with a registered capital of 70.465521 million RMB. The legal representative is Zhou Zhen, and the registered address is No. 16, Xinrui Road, Huangpu District, Guangzhou. Its main business involves the research, development, production, and sales of mass spectrometers and related technologies.

Currently, the company’s chairman is Zhou Zhen, the secretary of the board is Lu Wanli, with 276 employees, and the actual controller is Zhou Zhen.

The company has stakes in 14 affiliated companies, including Changsha Hoxin Technology Co., Ltd., Guangzhou Hoxin Technology Co., Ltd., Guangzhou Hoxin Industrial Park Operation Management Co., Ltd., Taizhou Dapu Technology Co., Ltd., Guangzhou Hoxin Chuangzhi Technology Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 280 million yuan, 366 million yuan, and 203 million yuan, respectively, with year-on-year changes of -39.63%, +30.66%, and -44.70%. Net profit attributable to the parent was -63.3283 million yuan, -96.1061 million yuan, and -45.9909 million yuan, with year-on-year changes of -180.60%, -51.76%, and +52.15%. During the same period, the company’s asset-liability ratio was 47.46%, 61.37%, and 58.71%.

Regarding risks, Tianyancha data shows the company has 83 internal Tianyan risks, 146 surrounding risks, 0 historical risks, and 343 early warning risks.