Haode CNC's performance is under pressure; Liu Jingsheng has switched jobs multiple times to gain experience.

Leju Finance Li Lan On March 5th, Haode CNC (874530.NQ) released its 2025 annual report.

In 2025, Haode CNC’s operating revenue was 438 million yuan, a decrease of 4.23% year-on-year; net profit attributable to the listed company’s shareholders was 62.4632 million yuan, down 6.34% year-on-year.

During the reporting period, Haode CNC’s R&D expenses were 20.7402 million yuan. The company’s overall R&D investment scale still lags behind leading companies in the same industry. Haode CNC stated that if the company fails to accurately grasp technological development trends, cannot adjust its R&D innovation mechanisms in time, or if R&D investment is insufficient in the future, it may face issues such as failure to break through key technologies or not meeting expected technical performance indicators.

At the end of the reporting period, the actual controllers of Haode CNC were Liu Jingsheng and Wan Yan, who are spouses. Liu Jingsheng directly holds 22 million shares of the company and indirectly holds 1,404,967 shares through Foshan Haoshunyi Enterprise Management Center (Limited Partnership), totaling 23,404,967 shares, accounting for 45.89% of the total share capital. Wan Yan directly holds 16 million shares, accounting for 31.37% of the company’s total share capital before this issuance. Together, they hold 77.26% of the company’s total share capital before this issuance, making them the actual controllers of the company. Additionally, the board secretary Wang Defa is a shareholder.

Public information shows that Liu Jingsheng was born in September 1970. From July 1993 to July 1994, he worked at Guangzhou Huayuan Industrial and Commercial Company; from August 1994 to August 1996, he worked at Hong Kong Jintian Wood Machinery Co., Ltd.; from October 1996 to June 1998, he worked at Hong Kong Tianfeng Wood Machinery Co., Ltd.; from July 1998 to July 2001, he worked at China Forestry Machinery Company Guangzhou Branch; from August 2001 to March 2005, he worked at Guangzhou Jinlintong Trading Co., Ltd.; from April 2005 to March 2014, he worked at Foshan Haode Machinery Equipment Co., Ltd.; since March 2014, he has been working at Guangdong Haode CNC Equipment Co., Ltd., serving as chairman and general manager.

Haode CNC is a provider integrating R&D, design, production, and sales of specialized equipment for panel furniture machinery. The company’s main products include series such as panel cutting, edge banding, drilling, as well as intelligent workstations and automated production lines.