Core Viewpoint - The announcement of a share reduction by the controlling shareholder of Kexing Pharmaceutical has raised concerns in the market, leading to a significant drop in the company's stock price following the news [2][3]. Group 1: Share Reduction Announcement - Kexing Pharmaceutical's controlling shareholder, Shenzhen Keyi Pharmaceutical Holdings Co., Ltd., plans to reduce its holdings by up to 5.9892 million shares [2]. - The controlling shareholder, Keyi Pharmaceutical, has not sold any shares since the company's IPO, and the shares being reduced were acquired before the IPO [3]. - The reason for the reduction is to optimize the company's shareholding structure and increase liquidity in the secondary market, although the market has expressed skepticism regarding this rationale [2][3]. Group 2: Stock Performance and Market Reaction - Following the announcement, Kexing Pharmaceutical's stock price fell by 8.51% on June 5, marking one of the largest declines in a month [2]. - The stock price had previously surged from around 20 yuan at the beginning of the year to a high of 63.99 yuan, reflecting a significant increase of over 150% since the IPO price of 22.33 yuan [3][8]. Group 3: Company Response and Future Outlook - Kexing Pharmaceutical maintains that the controlling shareholder has confidence in the company's future and plans to increase holdings in 2023 and 2024 [4]. - The company emphasizes its commitment to innovation and internationalization as part of its long-term strategy to enhance shareholder value [4][8]. - Kexing Pharmaceutical reported a revenue of 1.4 billion yuan in 2024, with a year-on-year growth of 11.75%, and a net profit of 31.48 million yuan, indicating a turnaround from previous losses [9][10].
科兴制药控股股东拟较大额减持:被质疑为“高位套现” 公司如何回应?