HangKe Technology(SH:688006) Zhong Guo Jing Ji Wang·2025-09-01 07:02Summary of Key Points Core Viewpoint - The actual controllers of Hangke Technology (688006.SH) have announced a plan to reduce their shareholdings, which may impact the company's stock performance and investor sentiment [1][2]. Shareholding Reduction Plan - The actual controller, Cao Zheng, plans to reduce his holdings by up to 2,547,062 shares, representing approximately 0.4219% of the total share capital, through centralized bidding from September 22, 2025, to December 21, 2025, due to personal funding needs [2][3]. - Shanghai Kuan Investment Asset Management Co., Ltd. (Kuan Investment Lucky Star No. 10 Private Securities Investment Fund), a concerted action party, plans to reduce its holdings by up to 2,400,000 shares, or about 0.3976% of the total share capital, during the same period for its own funding needs [2][3]. - Cao Guanqun, another concerted action party, intends to reduce his holdings by up to 1,000,000 shares, equivalent to 0.1657% of the total share capital, also for personal funding needs [2][3]. Current Shareholding Structure - As of the announcement date, Cao Zheng holds 2,547,062 shares, accounting for 0.4219% of the total share capital, which he acquired before the company's IPO [3][4]. - Shanghai Kuan Investment holds 2,400,000 shares, representing 0.3976% of the total share capital, obtained through a block trade from Cao Zheng [3][4]. - Cao Guanqun holds 3,509,376 shares, making up 0.5813% of the total share capital, also acquired before the IPO [3][4]. Recent Financial Performance - In the first half of 2025, Hangke Technology reported revenue of 1.97 billion yuan, a year-on-year increase of 4.19%, and a net profit attributable to shareholders of 288 million yuan, up 6.92% [5]. - In 2024, the company experienced a decline in revenue to 2.98 billion yuan, down 24.18%, and a significant drop in net profit to 326 million yuan, down 59.67% [6]. IPO and Fundraising Details - Hangke Technology raised a total of 1.12 billion yuan during its IPO, with a net amount of approximately 1.02 billion yuan after expenses, exceeding the original fundraising plan by 473 million yuan [7][8]. - The company issued 41 million shares at a price of 27.43 yuan per share during its IPO [6][7].