Wetown Electric(688226) 中国经济网·2025-02-26 02:41Core Viewpoint - The announcement of share reduction plans by major shareholders of Weiteng Electric (688226.SH) due to personal funding needs indicates potential changes in the company's ownership structure and may impact investor sentiment [1][2]. Shareholder Reduction Plans - Weiteng Investment plans to reduce up to 1,167,894 shares, representing no more than 0.6224% of the total share capital, while Boai Investment intends to reduce up to 333,333 shares, accounting for no more than 0.1776% of the total share capital [1]. - As of the announcement date, Weiteng Investment holds 31,800,833 shares (16.9471% of total shares), and Boai Investment holds 5,000,000 shares (2.6646% of total shares) [1]. Shareholder Control - Both Weiteng Investment and Boai Investment are controlled by the company's actual controllers, Jiang Wengong and Jiang Zhengda, constituting concerted action [2][3]. - Jiang Wengong and Jiang Zhengda hold 42.78% of Weiteng Investment and 76.16% of Boai Investment, indirectly controlling 27.18% and 4.27% of Weiteng Electric's shares, respectively [3][5]. Company Financials - Weiteng Electric's initial public offering (IPO) raised a total of 250 million yuan, with a net amount of 206 million yuan after deducting issuance costs [6]. - The final net fundraising amount was 200 million yuan less than the original plan of 406 million yuan, which was allocated for various projects including smart upgrades and production capacity [7]. - The company reported a revenue of 2.745 billion yuan for the first three quarters of 2024, a year-on-year increase of 36.73%, and a net profit of 109 million yuan, up 28.64% year-on-year [11].