Golden Digger: The actual controller Li Zheng pledges 4.5 million shares to meet personal funding needs

Radar Finance Report | Yang Yang | Li Yihui

On March 19, MaJinKe (Stock Code: 301380) announced that its controlling shareholder and actual controller, Mr. Li Zheng, recently pledged 4,500,000 shares of the company to Yantai Service Co., Ltd., accounting for 18.82% of his holdings and 4.44% of the total share capital. The pledge started on March 18, 2026, and will mature on September 17, 2026. The purpose of the pledge is for personal funding needs.

As of the disclosure date, Mr. Li Zheng and his concerted action partners hold a total of 54,083,187 shares, representing 53.34% of the company’s total share capital. They have pledged a total of 13,650,000 shares, accounting for 25.24% of their holdings and 13.46% of the total share capital.

The announcement states that Mr. Li Zheng’s credit and financial status are good. The pledged shares do not pose a risk of margin calls or forced transfer, and the pledge risk is controllable. It will not lead to a change in the company’s actual control or significantly impact its operations and governance.

According to Tianyancha, MaJinKe was established on February 24, 2011, with a registered capital of 101.392433 million RMB. The legal representative is Li Zheng, and the registered address is No. 408, Building 1, No. 51 Zhichun Road, Haidian District, Beijing. Its main business is providing digital application technology and information services.

Currently, the company’s chairman is Li Zheng, the secretary is Liu Zhiyong, with 182 employees. The actual controllers are Li Zheng and Chen Kun.

The company has stakes in 9 subsidiaries, including Beijing Yinyuebang Information Service Co., Ltd., Beijing Yitong Jiayue Technology Co., Ltd., Xinjiang Quanjia Tongda Technology Co., Ltd., Hong Kong Yitong Jiayue Technology Co., Ltd., Beijing Fengdi Zhimai Information Technology Co., Ltd., among others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 652 million RMB, 854 million RMB, and 987 million RMB, respectively, with year-over-year growth of -2.23%, 30.80%, and 15.49%. Net profit attributable to shareholders was 47.598 million RMB, 59.067 million RMB, and 66.365 million RMB, with YoY growth of -26.94%, 24.10%, and 12.35%. During the same period, the company’s asset-liability ratio was 7.64%, 26.48%, and 43.87%.

Regarding risks, Tianyancha data shows the company has 86 internal Tianyan risks, 21 surrounding risks, 10 historical risks, and 89 warning alert risks.