董明珠，出手！

Core Viewpoint - Gree Electric, controlled by Dong Mingzhu, plans to reduce its stake in Wentech Technology, a leading semiconductor company in China, through a share reduction announcement that has attracted market attention [2][4]. Shareholding and Reduction Plan - Zhuhai Ronglin and Gree Electric collectively hold 110 million shares of Wentech Technology, accounting for 8.81% of the total share capital [4]. - The planned reduction involves selling up to 12.45 million shares, representing no more than 1% of the total share capital, over a period from August 15, 2025, to November 12, 2025 [5]. - The reason for the reduction is to meet the development needs of the enterprises involved [5]. Historical Context and Investment Performance - Gree Electric has been invested in Wentech Technology for over six years, initially acquiring shares at a price of 24.68 yuan per share to support Wentech's acquisition of the semiconductor giant Anshi Group [6]. - The stock price of Wentech Technology peaked at over 170 yuan per share in February 2020, leading to a paper profit exceeding 10 billion yuan for Gree Electric; however, the stock later fell to a low of 24.06 yuan per share [6]. - As of July 24, 2023, Wentech's stock closed at 36.48 yuan, with a total market capitalization of 45.4 billion yuan [6]. Financial Performance - In 2024, Wentech Technology reported revenue of 73.598 billion yuan, a year-on-year increase of 20.23%, but recorded a net loss of 2.833 billion yuan [8]. - For the first quarter of 2025, Wentech achieved revenue of 13.099 billion yuan, a year-on-year decline of 19.38%, while net profit was 261 million yuan, an increase of 82.29% [9]. - The company expects a net profit of 390 million to 585 million yuan for the first half of 2025, representing a year-on-year growth of 178% to 317% [9].