Company Overview - Tonglian Precision Manufacturing Co., Ltd. is located in Longhua District, Shenzhen, Guangdong Province, and was established on June 12, 2016. The company went public on December 27, 2021. Its main business involves the research, design, production, and sales of high-precision, high-density, complex-shaped, and aesthetically pleasing precision components [1]. Business Performance - As of August 25, the stock price of Tonglian Precision fell by 5.07%, trading at 40.82 CNY per share, with a transaction volume of 256 million CNY and a turnover rate of 3.74%. The total market capitalization is 6.541 billion CNY [1]. - The revenue composition of the company includes: 56.47% from other metal craft products and plastic products, 39.15% from MIM products, 2.93% from molds and tools, and 1.45% from other sources [1]. Fund Holdings - Jin Xin Fund has a significant holding in Tonglian Precision, with its Jin Xin Quality Growth Mixed A Fund (018204) holding 13,000 shares, unchanged from the previous period. This represents 2.93% of the fund's net value, making it the third-largest holding. The estimated floating loss today is approximately 28,300 CNY [2]. - The Jin Xin Quality Growth Mixed A Fund was established on April 12, 2023, with a latest scale of 6.8095 million CNY. Year-to-date returns are 46.99%, ranking 506 out of 8,259 in its category. Over the past year, the fund has achieved a return of 99.24%, ranking 243 out of 8,023 [2]. Fund Management - The fund manager of Jin Xin Quality Growth Mixed A Fund is Huang Biao, who has been in the position for 4 years and 95 days. The total asset size of the fund is 1.238 billion CNY. During his tenure, the best fund return was 94.47%, while the worst was 9.87% [3].

Market Overview - On August 21, the consumer electronics sector declined by 1.77%, with Hongfu Han leading the drop [1] - The Shanghai Composite Index closed at 3771.1, up 0.13%, while the Shenzhen Component Index closed at 11919.76, down 0.06% [1] Stock Performance - Notable gainers in the consumer electronics sector included: - Zhuoman Technology (002369) with a closing price of 10.56, up 10.00% [1] - Kosen Technology (603626) at 13.87, up 9.99% [1] - Laimu Co., Ltd. (603633) at 10.81, up 9.97% [1] - Other significant performers included: - Lixun Precision (002475) at 42.19, up 5.34% with a trading volume of 200.68 million shares [1] - Lens Technology (300433) at 28.34, up 4.92% with a trading volume of 166.06 million shares [1] Capital Flow - The consumer electronics sector experienced a net outflow of 3.368 billion yuan from institutional investors, while retail investors saw a net inflow of 2.901 billion yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2] Individual Stock Capital Flow - Lixun Precision (002475) had a net inflow of 796 million yuan from institutional investors, but a net outflow of 339 million yuan from retail investors [3] - Zhuoman Technology (002369) saw a net inflow of 284 million yuan from institutional investors, with a net outflow of 126 million yuan from retail investors [3] - Kosen Technology (603626) had a net inflow of 181 million yuan from institutional investors, while retail investors experienced a net outflow of 683.57 million yuan [3]

通过天眼查大数据分析，深圳市泛海统联精密制造股份有限公司共对外投资了13家企业，参与招投标项 目1次，知识产权方面有商标信息15条，专利信息48条，此外企业还拥有行政许可20个。 来源：金融界 金融界消息 截至2025年8月15日收盘，统联精密（688210）报收于39.72元，上涨7.5%，换手率6.48%， 成交量10.38万手，成交金额4.06亿元。 资金流向方面，今日主力资金净流入2740.52万元，占比成交额6.75%。其中，超大单净流入129.38万 元、占成交额0.32%，大单净流入2611.14万元、占成交额6.43%，中单净流出流出595.96万元、占成交 额1.47%，小单净流出2144.56万元、占成交额5.28%。 统联精密最新一期业绩显示，截至2025一季报，公司营业总收入1.74亿元、同比增长33.93%，归属净利 润274.27万元，同比减少81.31%，扣非净利润35.33万元，同比减少97.46%，流动比率2.071、速动比率 1.698、资产负债率40.46%。 天眼查商业履历信息显示，深圳市泛海统联精密制造股份有限公司，成立于2016年，位于深圳市，是一 家以从事有色金属 ...

Summary of Key Points Core Viewpoint - The announcement details the share reduction plan by the controlling shareholder and actual controller of Tonglian Precision, indicating a planned reduction of up to 3,805,730 shares, which represents a maximum of 2.3750% of the company's total share capital [1][2]. Share Reduction Details - The controlling shareholder, Yang Hu, plans to reduce his holdings by up to 3,805,730 shares, with a breakdown of 3,204,826 shares through block trading (up to 2.0000% of total shares) and 600,904 shares through centralized bidding (up to 0.3750% of total shares) [1][2]. - Shenzhen Panhai Tonglian Technology Enterprise (Limited Partnership) intends to reduce its holdings by up to 1,001,508 shares, accounting for up to 0.6250% of the total share capital [1][2]. Reduction Method and Timeline - The reduction will occur through block trading and centralized bidding over a period of three months starting from 15 trading days after the announcement [2]. - The total number of shares reduced by Yang Hu and Panhai Tonglian combined will not exceed 1.00% of the total share capital in any consecutive 90-day period for centralized bidding and 2.00% for block trading [2]. Current Shareholding Structure - As of the announcement date, Yang Hu holds 34,909,595 shares (21.79% of total shares), while Panhai Tonglian holds 8,557,711 shares (5.34% of total shares) [2][3]. Impact on Company Control - The share reduction will not lead to a change in the controlling shareholder or actual controller and is not expected to significantly impact the company's ongoing operations [4]. Convertible Bond Issuance - Tonglian Precision plans to issue convertible bonds with a total amount not exceeding 595 million yuan, intended for a new smart terminal component manufacturing project, working capital, and bank loan repayment [5][6]. - The convertible bonds will be issued at par value, with a maturity of six years, and the initial conversion price will be based on the average trading price of the company's shares prior to the announcement [4][5]. Fund Allocation - The total investment for the smart terminal component project is approximately 490.83 million yuan, with 465 million yuan allocated from the bond issuance [6]. - The company aims to prioritize existing shareholders for the bond issuance, which will not be secured [5][6]. Historical Context - Tonglian Precision was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 27, 2021, raising 855 million yuan, with a public offering price of 42.76 yuan per share [7][8].

Core Viewpoint - Several shareholders across various companies are planning to reduce their stakes, with most reductions not exceeding 3% of total shares [1] Shareholder Reductions - Jiuliang Co., shareholders Rongxinliang and Zhuochu Guang plan to reduce their holdings by no more than 3% [1] - Inse Group, Orange Alliance Investment intends to reduce its stake by no more than 1% [1] - Xuelang Environment, shareholders Yang Jianping and Xu Huifen plan to reduce their holdings by a total of no more than 3% [1] - Haide Control, actual controller Guo Menglong plans to reduce his stake by no more than 3% [1] - Ailis, shareholders Shanghai Aixiang and Nantong Aiyun plan to reduce a total of no more than 13.5 million shares [1] - Huaxia Happiness, shareholders Ping An Life and Ping An Asset Management plan to reduce their holdings by a total of no more than 3% [1] - Tonglian Precision, actual controller Yang Hu plans to reduce his stake by no more than 2.375% [1] - Henggong Precision, shareholder Jingjinji Fund plans to reduce its stake by no more than 3% [1] - Dajia Weikang, director Zhong Xuesong plans to reduce his stake by no more than 1.7% [1] - Chuanwang Media, China Youth Publishing Group plans to reduce its stake by no more than 1% [1] Other Corporate Actions - Jinlihua Electric has terminated its plan for a major asset restructuring [1] - New Xiangwei has terminated the acquisition of 100% equity in Aixiangsheng [1]

Group 1 - The article reports that 15 listed companies have disclosed share reduction plans, with no A-share increases on the same day [1] - Specific companies mentioned include Juguang Technology, Shiyun Circuit, Chuanwang Media, and others, indicating a trend of shareholder reductions [2] - The reductions range from 1% to over 3% of the companies' shares, with notable plans from major shareholders and executives [2]

Core Viewpoint - The controlling shareholder and actual controller of Tonglian Precision (688210.SH), Mr. Yang Hu, plans to reduce his shareholding by no more than 3.8057 million shares, which accounts for a maximum of 2.3750% of the company's total share capital [1] Summary by Relevant Categories Shareholding Reduction - Mr. Yang Hu intends to reduce his shareholding through block trading by no more than 3.2048 million shares, representing up to 2% of the company's total share capital [1] - Additionally, he plans to reduce his holdings through centralized bidding (all after-hours trading) by no more than 600.9 thousand shares, which accounts for up to 0.3750% of the company's total share capital [1] - The partner, Pan Hai Tong Lian, also plans to reduce its shareholding through centralized bidding (all after-hours trading) by no more than 1.0015 million shares, representing up to 0.6250% of the company's total share capital [1]

Core Viewpoint - The major shareholders of Shenzhen Panhai Tonglian Precision Manufacturing Co., Ltd. plan to reduce their holdings, which will not lead to a change in the company's control or significantly impact its ongoing operations [1][7]. Shareholder Information - As of the announcement date, the controlling shareholder, Yang Hu, holds 34,909,595 shares, accounting for 21.79% of the total share capital. The limited partnership, Shenzhen Panhai Tonglian Technology Enterprise, holds 8,557,711 shares, representing 5.34% of the total share capital [1][2]. - The shares held by these shareholders were acquired before the company's IPO and have been released from restrictions since June 27, 2025 [1]. Reduction Plan Details - Yang Hu plans to reduce his holdings by up to 3,805,730 shares, which is no more than 2.3750% of the total share capital. This includes a maximum of 600,904 shares through block trading and 1,001,508 shares through centralized bidding [2][3]. - The reduction period is set for three months starting from 15 trading days after the announcement, with specific limits on the number of shares that can be sold within any 90-day period [2][3]. Reasons for Reduction - The reduction is primarily due to personal financial needs for Yang Hu and funding requirements for the limited partnership [3][4]. Compliance and Commitments - The shareholders have committed to comply with relevant regulations regarding share reduction and will disclose their plans in advance as required [4][5]. - The company assures that the reduction will not affect its governance structure or ongoing operations significantly [7].

智通财经APP讯，统联精密(688210.SH)发布公告，公司控股股东、实际控制人杨虎先生拟减持其所持 有的公司股份不超过380.57万股，拟减持股份数量占公司总股本的比例合计不超过2.3750%，其中拟通 过大宗交易减持不超过320.48万股，占公司总股本的比例不超过2%，拟通过集中竞价(全部盘后交易)交 易减持不超过60.09万股，占公司总股本的比例不超过0.3750%;泛海统联(合伙)拟通过集中竞价(全部盘 后交易)交易减持其所持有的公司股份不超过100.15万股，拟减持股份数量占公司总股本的比例合计不 超过0.6250%。 ...

Group 1 - The core point of the announcement is that the controlling shareholder, Yang Hu, plans to reduce his stake in Tonglian Precision by up to approximately 3.81 million shares, which represents a maximum of 2.38% of the total share capital [2] - Yang Hu directly holds about 34.91 million shares, accounting for 21.79% of the total share capital, while Shenzhen Panhai Tonglian Technology Enterprise (Limited Partnership) holds about 8.56 million shares, representing 5.34% of the total share capital [2] - The reduction will occur through block trades and centralized bidding, with a specified period for the reduction starting 15 trading days after the announcement [2] Group 2 - For the fiscal year 2024, Tonglian Precision's revenue composition is as follows: 96.44% from consumer electronics, 2.11% from other sources, and 1.45% from additional business activities [3]