weizhixiang(SH:605089) Zhong Guo Jing Ji Wang·2025-08-01 07:12Summary of Key Points Core Viewpoint - The major shareholder of Weizhi Xiang (605089.SH) plans to reduce its stake in the company due to personal financial needs, which may impact the stock's market performance in the near term [1][2]. Shareholder Reduction Plan - The shareholder, Suzhou Jinhua Sheng Management Consulting Enterprise (Limited Partnership), holds 10,350,000 shares, accounting for 7.50% of the total share capital. They intend to sell up to 600,000 shares, representing 0.43% of the total share capital, within three months after the announcement [1]. - The reduction will be executed through centralized bidding, with the selling price determined by the market price at the time of sale [1]. Company Background - Weizhi Xiang was listed on the Shanghai Stock Exchange on April 27, 2021, with an initial offering price of 28.53 yuan per share, raising a total of 713.25 million yuan [3]. - The funds raised were allocated for projects including the production of food-grade fermentation liquid and fermented conditioning food, as well as for research and development, marketing, and working capital [3]. Financial Performance - The company has experienced a decline in its net profit excluding non-recurring items for seven consecutive quarters, with year-on-year decreases of 16.93%, 7.14%, 46.36%, 40.12%, 22.28%, 39.20%, and 16.71% for the respective quarters [4]. - The total revenue for the most recent quarters shows fluctuations, with a year-on-year growth rate of -10.40% and -9.19% in the last two quarters reported [5].