E-Techstar(SZ:300513) Zhong Guo Jing Ji Wang·2025-07-03 06:58Summary of Key Points Core Viewpoint - The announcement from Hengshi Technology (300513.SZ) regarding the planned share reduction by major shareholders indicates potential changes in ownership dynamics and investor sentiment towards the company [1][2]. Shareholder Reduction Plans - Controlling shareholder Qian Sujin plans to reduce holdings by up to 5,452,555 shares, representing 1.7382% of total shares, within three months starting from July 24, 2025 [1][2]. - Controlling shareholder Zhang Xiaohong intends to reduce holdings by up to 2,801,445 shares, equivalent to 0.8931% of total shares, during the same period [1][2]. - Shareholder Qian Jun plans to reduce holdings by up to 817,880 shares, which is 0.2607% of total shares, also within the specified timeframe [2]. Financial Performance - In 2024, Hengshi Technology reported a revenue of 1.11 billion yuan, a decrease of 17.30% compared to 2023 [3]. - The net profit attributable to shareholders was -999.33 million yuan, a significant decline from a profit of 41.48 million yuan in the previous year, marking a decrease of 2,492.37% [3]. - The net profit after excluding non-recurring items was -994.42 million yuan, down from 37.02 million yuan, reflecting a decrease of 2,786.10% [3]. - The net cash flow from operating activities was -13.33 million yuan, an improvement from -17.87 million yuan in the previous year [3]. Q1 2025 Performance - In the first quarter of 2025, the company achieved a revenue of 123.33 million yuan, representing a year-on-year increase of 10.03% [4]. - The net profit attributable to shareholders was -31.40 million yuan, worsening from -0.95 million yuan in the same period last year, indicating a decline of 228.87% [4]. - The net cash flow from operating activities improved to -19.75 million yuan from -257.80 million yuan year-on-year [4].