Core Viewpoint - Huatu Shanding (300492.SZ) experienced a midday decline of 5.37%, closing at 74.55 yuan, with its total market capitalization falling below 15 billion yuan due to a share reduction announcement by shareholder Zhang Peng [1] Group 1 - The shareholder Zhang Peng plans to reduce his holdings by no more than 366,700 shares, which represents up to 0.19% of the company's total share capital [1] - Over the past three years, the company has issued two announcements regarding share reduction plans [1] - The number of shares proposed for reduction does not represent the final actual number of shares that will be reduced [1]

智通财经APP讯，华图山鼎(300492.SZ)发布公告，持股0.19%的股东张鹏计划于公告披露之日起3个交易 日后的三个月内(2025年12月25日至2026年3月24日)以集中竞价方式减持公司股份合计不超过36.67万股 (即不超过剔除公司回购专用证券账户股份后总股本比例的0.19%)。 ...

华图山鼎（300492）(300492.SZ)发布公告，持股0.19%的股东张鹏计划于公告披露之日起3个交易日后 的三个月内(2025年12月25日至2026年3月24日)以集中竞价方式减持公司股份合计不超过36.67万股(即不 超过剔除公司回购专用证券账户股份后总股本比例的0.19%)。 ...

Group 1 - The core point of the article is that Zhang Peng, a shareholder holding 0.19% of Huatu Shanding (300492), plans to reduce his stake by up to 366,700 shares through centralized bidding, which represents no more than 0.19% of the total share capital after excluding shares held in the company's repurchase special securities account [1]

Group 1 - The core point of the article is that shareholder Zhang Peng of Huatu Shanding (300492.SZ) plans to reduce his holdings in the company by a maximum of 366,740 shares, which represents up to 0.19% of the total share capital after excluding shares held in the company's repurchase account [1] - The planned reduction will take place within three months, specifically from December 25, 2025, to March 24, 2026 [1] - The reduction will be executed through centralized bidding [1]

每经AI快讯，12月21日，华图山鼎(300492.SZ)公告称，股东张鹏计划自公告披露之日起3个交易日后的 三个月内（2025年12月25日至2026年3月24日），通过集中竞价方式减持不超过36.67万股，即不超过剔 除公司回购专用证券账户股份后总股本的0.19%。减持原因为个人资金需求。 ...

证券代码：300492 证券简称：华图山鼎 公告编号：2025-087 华图山鼎设计股份有限公司 关于特定股东减持股份预披露公告 信息披露义务人张鹏保证向本公司提供的信息内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 1、持有本公司股份 366,740 股（占本公司总股本比例为 0.19%，占扣除回购 股份数量后总股本比例为 0.19%）的股东张鹏计划于本公告披露之日起 3 个交易 日后的三个月内（2025 年 12 月 25 日至 2026 年 3 月 24 日）以集中竞价方式减 持本公司股份合计不超过 366,740 股（即不超过剔除公司回购专用证券账户股份 后总股本比例的 0.19%）。 | 股东姓名 | 股东情况 | 持股数量(股) | 持股比例 | 持股扣除回购 股份后的比例 | | --- | --- | --- | --- | --- | | 张鹏 | 特定股东 | 366,740 | 0.19% | 0.19% | 1、本次拟减持的原因、股份来源、数量、方式、占公司总股本的比例、 减持期间、价格区间等具体安排。 ...

Core Viewpoint - Shareholder Zhang Peng plans to reduce his holdings in Huatu Shanding by up to 366,740 shares, representing 0.19% of the total share capital, due to personal funding needs [1] Summary by Relevant Sections Shareholder Actions - Zhang Peng, holding 366,740 shares (0.19% of total share capital), intends to reduce his stake through centralized bidding from December 25, 2025, to March 24, 2026 [1] - The reduction will not exceed 366,740 shares, maintaining the same percentage of the total share capital after excluding repurchased shares [1] Reason for Reduction - The reason for the share reduction is personal funding needs [1] Share Source and Pricing - The shares to be reduced were acquired before the company's initial public offering and through capital reserve conversion [1] - The reduction price will be determined based on the secondary market price at the time of the sale, with a minimum price set at the issuance price [1] Compliance and Commitments - As of the announcement date, Zhang Peng has adhered to all previous commitments, and this reduction plan aligns with previously disclosed intentions [1]

华图山鼎公告称，特定股东张鹏持有公司股份366,740股，占总股本比例为0.19%。其计划于2025年12月 25日至2026年3月24日，以集中竞价方式减持不超366,740股，即不超剔除回购专用证券账户股份后总股 本的0.19%。减持原因为个人资金需求，股份源于公司首次公开发行前及资本公积金转增股本。截至公 告日，张鹏严格遵守承诺，本次减持与其此前披露一致，且不会导致公司控制权变化。 ...

Group 1 - The report emphasizes the "Three-dimensional Resonance" in the education industry, driven by policy improvements, supply-side clearing, and demand release, indicating a shift from policy-driven to performance-driven investment logic [8][12][58] - The "AI + Education" trend is highlighted as a significant growth opportunity, with major companies actively investing in AI technologies and educational hardware, positioning themselves to benefit from this integration [8][19][24] - The report predicts a "golden decade" for the high school and college entrance examination markets due to demographic changes, with a significant increase in the number of students entering these systems [33][34] Group 2 - The education sector is experiencing a recovery, characterized by a "survivor takes all" phenomenon, where remaining companies are expected to benefit significantly from the market rebound [9][58] - The report identifies four key variables—new enrollments, renewal rates, average revenue per user, and course scheduling—that determine the profitability of education companies, indicating strong performance potential [8][12][58] - The report recommends specific companies such as Kevin Education, Action Education, Xueda Education, and Huatu Shanding for investment, while suggesting a cautious approach towards companies like Angli Education and Kede Education [3][12][11] Group 3 - The report outlines the positive impact of recent policy changes, including the recognition of reasonable demand for extracurricular training, which is expected to foster a healthier development environment for the education sector [58][62] - The introduction of a national childcare subsidy program is expected to stimulate demand for early childhood education, further supporting the education market [63][64] - The report notes that the public examination market is becoming increasingly competitive, with a significant rise in the number of candidates, indicating strong growth potential for companies involved in civil service exam training [55][51][56] Group 4 - The report highlights the rapid growth of the AI hardware market in education, projecting a market size exceeding 100 billion yuan by 2025, driven by technological advancements and increasing demand [29][30] - The report discusses the emergence of various AI educational models and products from leading companies, indicating a trend towards innovative educational solutions that leverage AI technology [24][28][27] - The report emphasizes the importance of integrating AI into educational practices, suggesting that companies that effectively adopt these technologies will enhance their competitive edge and operational efficiency [19][24][8]