Sinnet(SZ:300383) Zhong Guo Jing Ji Wang·2025-07-30 06:35Core Viewpoint - The company announced a share reduction plan by its controlling shareholders, indicating a potential shift in ownership dynamics and investor sentiment towards the company [1][3]. Share Reduction Plan - The controlling shareholders, including Geng Yan, Guo Mingqiang, and Wang Lu, plan to reduce their holdings from August 20, 2025, to November 19, 2025, by a total of up to 1,311,437 shares, which represents no more than 0.08% of the company's total share capital [1][2]. - Geng Yan holds 1,497,000 shares (0.08%) and plans to reduce up to 374,250 shares (0.02%), Guo Mingqiang holds 1,167,187 shares (0.06%) with a plan to reduce up to 667,187 shares (0.04%), and Wang Lu holds 270,000 shares (0.02%) with a plan to reduce all of his shares [2]. Previous Share Reduction Activity - The company’s controlling shareholder, Zhoushan Baihui Investment Partnership, completed a previous share reduction from March 11 to June 6, 2025, selling a total of 53,768,350 shares, which accounted for 2.99% of the total share capital [3]. - The shares were sold at an average price of 17.94 yuan per share through centralized bidding and 12.90 yuan per share through block trading, resulting in a total reduction amount of approximately 784 million yuan [3]. Fundraising and Utilization - In 2020, the company raised a total of 300 million yuan through a specific stock issuance, with a net amount of approximately 299.25 million yuan after deducting issuance costs [4]. - As of June 30, 2024, the company had utilized 295.74 million yuan of the raised funds, leaving an unutilized amount of 5.43 million yuan, which is held in a dedicated account for raised funds [4].