IRON TECH(SH:688329) Zhong Guo Jing Ji Wang·2025-08-25 07:04Core Viewpoint - The announcement of share reduction plans by major shareholders of Ailong Technology (688329.SH) indicates a potential shift in shareholder dynamics, although it is stated that this will not affect the company's control or operational stability [1][2]. Share Reduction Plans - Major shareholder Zhang Yinhua plans to reduce holdings by up to 1,000,000 shares, representing 1.30% of total shares, while Chairman Xu Li intends to reduce holdings by up to 300,000 shares, or 0.39% of total shares [1]. - The reduction will occur through centralized bidding or block trading, with limits set at 1% and 2% of total shares for any 90-day period [1]. Shareholder Holdings - As of the announcement date, Zhang Yinhua holds 23,055,000 shares (29.86% of total shares), while Xu Li holds 8,458,000 shares (10.96% of total shares) [1][2]. - Zhang's shares were acquired before the company's IPO and will be released from restrictions on April 1, 2025, while Xu's shares will be released on April 10, 2024 [1]. Financial Performance - In 2024, the company reported revenue of 325 million yuan, a decrease of 10.52% year-on-year, and a net loss of approximately 21.70 million yuan, compared to a profit of 29.52 million yuan in the previous year [3]. - For the first half of 2025, revenue was 131 million yuan, down 8.11% year-on-year, with a net loss of approximately 839,020 yuan, an improvement from a loss of 1.88 million yuan in the same period of 2024 [3]. - The company's cash flow from operating activities showed a net inflow of approximately 9.95 million yuan in 2024, up 10.75%, but decreased to 1.13 million yuan in the first half of 2025, down 22.77% [3]. IPO and Fundraising - Ailong Technology went public on the Sci-Tech Innovation Board on March 29, 2021, with an issuance of 19.3 million shares at a price of 16.81 yuan per share, raising a total of approximately 32.44 million yuan [2]. - The net amount raised after deducting issuance costs was approximately 27.44 million yuan, which was lower than the planned 47.70 million yuan [2].