COSHIP(SZ:002052) Di Yi Cai Jing·2025-08-08 05:54Core Viewpoint - The recent announcements regarding the shareholding changes in Tongzhou Electronics indicate a significant shift in investor sentiment, with major shareholders like Ruizhong Life Insurance planning to reduce their stakes after substantial gains, reflecting a volatile yet potentially lucrative investment landscape for the company [2][3][6]. Group 1: Shareholding Changes - Ruizhong Life Insurance plans to reduce its holdings by up to 7.5244 million shares, representing no more than 1% of the total share capital [2]. - In the previous round, Ruizhong Life reduced its holdings by 7.458 million shares between April and May [2]. - Other shareholders, including individual investor Yinxin and its associates, have also reduced their stakes, with a total of 11.808 million shares sold, amounting to over 100 million yuan in cash [2][6]. Group 2: Stock Performance - Tongzhou Electronics' stock price has seen a dramatic increase, with a maximum rise of 274% this year and an astonishing 1545% since June 2024 [5]. - The stock price surged from 0.8 yuan to 7 yuan in the second half of 2024, with 63 trading days of price increases [5]. - As of August 7, the stock closed at 10.07 yuan, reflecting a significant recovery from previous lows [3][5]. Group 3: Financial Performance - In the first half of the year, Tongzhou Electronics reported a revenue of 540 million yuan, a year-on-year increase of 606.5%, and a net profit of 203 million yuan, up 662.77% [7]. - The high-power power supply business accounted for 90.23% of total revenue, indicating a strong reliance on this segment for growth [7]. - The company successfully turned around its financial performance after years of losses, with a reported revenue of 599 million yuan and a net profit of 69.6 million yuan for the year 2024 [8]. Group 4: Historical Context - Tongzhou Electronics faced significant challenges from 2016 to 2021, with continuous losses leading to a risk warning and eventual delisting risk [3][8]. - The company attempted various capital operations to recover but faced regulatory hurdles and failed acquisitions [7][8]. - The shift to high-power power supply products has been a critical factor in the company's recent recovery and stock performance [7][8].