Zhong Guo Jing Ji Wang·2025-08-04 06:45Core Viewpoint - The actual controller and several executives of the company plan to reduce their shareholdings within a specified period, indicating potential changes in ownership dynamics and investor sentiment towards the company [1][2][3]. Shareholding Reduction Plans - The actual controller, Miao Yufang, intends to reduce holdings by up to 7,204,380 shares, representing 3% of the total share capital, between August 25, 2025, and November 24, 2025 [1][3]. - Zhang Jianlin, a board member and CFO, plans to sell up to 396,900 shares, accounting for 0.17% of the total share capital, during the same period [1][3]. - Gu Yuejiang, a board member, aims to reduce holdings by up to 297,675 shares, which is 0.12% of the total share capital [1][3]. - Li Biao, another board member, plans to sell up to 70,313 shares, representing 0.03% of the total share capital [2][3]. - Sun Feng, a board member, intends to reduce holdings by up to 705,600 shares, which is 0.29% of the total share capital [2][3]. Financial Performance - In 2024, the company reported revenue of 531 million yuan, a year-on-year increase of 12.77%, but a net loss attributable to shareholders of 48.90 million yuan, compared to a profit of 10.83 million yuan in the previous year [3]. - The net profit after deducting non-recurring gains and losses was -50.64 million yuan, down from a profit of 19.72 million yuan the previous year [3]. - The net cash flow from operating activities decreased by 60.10% to 36.70 million yuan [3]. - In Q1 2025, the company experienced a revenue decline of 11.40% to 67.02 million yuan, with a net loss of 1.63 million yuan, a significant decrease of 245.80% year-on-year [4]. - The net cash flow from operating activities was -28.69 million yuan in Q1 2025 [4]. Initial Public Offering (IPO) Details - The company was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on January 21, 2021, with an issuance of 60.04 million shares at a price of 4.31 yuan per share [4]. - The total funds raised amounted to 259 million yuan, with a net amount of 217 million yuan after deducting issuance costs [4]. - The final net fundraising was 128 million yuan less than the original plan of 345 million yuan, which was intended for various projects including smart manufacturing and marketing service upgrades [4].