Canaan(SZ:300412) Zhong Guo Jing Ji Wang·2025-07-21 06:59Core Viewpoint - Canaan Technology (迦南科技) announced a share reduction plan by its controlling shareholder and a board member, which will not affect the company's control or governance structure [1][2]. Group 1: Share Reduction Details - Canaan Group plans to reduce its holdings by up to 14.93 million shares, representing no more than 3% of the total share capital, within three months starting from August 11, 2025 [1]. - Board member Huang Binbin intends to reduce his holdings by up to 1.68 million shares, accounting for approximately 0.3381% of the total share capital [1]. - The total planned reduction by both shareholders amounts to a maximum of 16.62 million shares, or 3.3381% of the total share capital [1]. Group 2: Current Shareholding Structure - As of the announcement date, Canaan Group holds 75.69 million shares, which is 15.21% of the total share capital [2]. - Huang Binbin holds 6.73 million shares, representing 1.35% of the total share capital [2]. Group 3: Financial Performance - The company's revenue for 2022, 2023, and 2024 was 1.103 billion, 1.047 billion, and 1.383 billion yuan respectively, showing a 32.09% increase from 2023 to 2024 [3]. - The net profit attributable to shareholders for the same years was -75.20 million, -23.43 million, and 36.27 million yuan, indicating a significant turnaround with a 254.77% increase from 2023 to 2024 [3]. - The net profit after deducting non-recurring gains and losses was -85.40 million, -37.67 million, and 27.52 million yuan, reflecting a 173.06% improvement from 2023 to 2024 [3]. - The net cash flow from operating activities was 68.62 million, -62.97 million, and 119.46 million yuan, marking a 289.70% increase from 2023 to 2024 [3].