T&S(SZ:300570) Ge Long Hui·2025-05-19 06:38Core Viewpoint - The announcement of share reduction by Taichengguang has led to a significant decline in the CPO sector, with Taichengguang's stock dropping over 10% and other related stocks also experiencing losses [1][4]. Group 1: Share Reduction Announcement - Taichengguang announced that major shareholders plan to reduce their holdings through block trades or centralized bidding from June 10, 2025, to September 9, 2025 [4]. - A total of six major shareholders will collectively reduce their holdings by up to 4.491 million shares, accounting for approximately 1.9772% of the company's total share capital [9]. - The largest shareholder, Huayang Import and Export (Shenzhen) Co., Ltd., plans to reduce up to 3.406 million shares, representing 1.4996% of the total share capital [7]. Group 2: Stock Performance - Following the share reduction announcement, Taichengguang's stock price fell to 70.30, reflecting a decrease of 6.89% and a year-to-date decline of 3.26% [2]. - The stock has experienced a significant correction of over 40% from its historical high of 131.34 per share, reached in January [14][15]. - Despite the recent downturn, the stock price has more than doubled from its low of 26.6 per share in September of the previous year [17]. Group 3: Company Overview - Taichengguang specializes in the optical communication field, producing optical devices and solutions [12]. - The company is recognized as one of the largest manufacturers of high-density optical connection products and maintains long-term supply relationships with major players like Corning [12]. - Taichengguang is actively expanding its overseas production capacity, with a new facility set to be established in Vietnam in 2024 [14].