INFOGEM(SZ:300085) Chang Jiang Shang Bao·2025-05-08 00:35Core Viewpoint - The major shareholder of Yinzhijie (300085.SZ), He Ye, plans to reduce his stake by up to 3% due to personal financial needs, despite the company's stock price having surged significantly in recent months [1][3]. Group 1: Shareholder Actions - He Ye intends to sell no more than 21.18 million shares, representing 3% of the total share capital, which could yield over 680 million yuan if sold at the current price of 32.12 yuan per share [3]. - Other major shareholders, including Zhang Xuejun, Li Jun, and Chen Xiangjun, have also been actively reducing their stakes, collectively cashing out over 1.9 billion yuan through various transactions [2][3]. - Since 2015, these four shareholders have cumulatively cashed out approximately 1.59 billion yuan through secondary market sales [3]. Group 2: Financial Performance - Yinzhijie reported a net loss of 25.62 million yuan in Q1 of this year, continuing a trend of losses over the past four years, totaling 651 million yuan [2][9]. - The company has experienced declining revenues, with total revenues falling from 11.88 billion yuan in 2021 to 8.63 billion yuan in 2024 [8][9]. - Despite a peak revenue of 1.38 billion yuan in 2020, the company has struggled to maintain profitability, with net losses recorded in each of the last four years [8][9]. Group 3: Business Overview - Yinzhijie's core business includes financial information technology, mobile information services, and e-commerce, primarily serving banks and financial institutions [7]. - The company has attempted to diversify its offerings by exploring innovative areas such as green finance digitalization and digital currency [7]. - Historical data shows that the company has faced challenges in achieving consistent profitability since its listing in 2010, with a pattern of increasing revenue but declining net income in the early years [7][8].