“防水茅”实控人，又要“低位”减持了

Core Viewpoint - The actual controller of Dongfang Yuhong, Li Weiguo, plans to reduce his stake by up to 1.94%, expecting to cash out approximately 500 million yuan, primarily to repay debts [2][3]. Summary by Sections Shareholding and Reduction Plan - Li Weiguo holds 531 million shares, accounting for 22.22% of the total share capital, and plans to reduce his holdings by no more than 46.38 million shares within three months after the announcement [3]. - The reduction is expected to generate around 500 million yuan based on the closing price on July 3 [3]. Purpose of Reduction - The stated purpose for the reduction is to repay debts, with the shares being primarily from those held before the company's initial public offering [3]. Pledged Shares and Debt Situation - Li Weiguo and his associate, Li Xingguo, collectively hold 542 million shares, with 411 million shares pledged, representing 75.83% of their total holdings and 17.2% of the company's total share capital [5]. - In the coming year, 382 million shares are set to mature, which is 70.48% of their holdings, with a remaining financing balance of 1.548 billion yuan [5]. Previous Reduction and Market Reaction - This is not Li Weiguo's first reduction; he previously announced a reduction in January 2024, completing it in May 2024, which raised approximately 650 million yuan [7]. - The stock price has significantly declined, dropping from around 22 yuan to approximately 11 yuan, indicating a substantial loss in market value [9]. Financial Performance - Dongfang Yuhong's financial performance has deteriorated, with a 14.52% decline in revenue and a 95.24% drop in net profit in 2023, continuing into 2024 with further negative growth [12]. - The company's total revenue for Q1 2025 decreased by 16.71%, and net profit fell by 44.68% [12][13].