HAXC (SZ:300928) Zhong Guo Jing Ji Wang·2025-09-01 07:49Core Viewpoint - Huazhong Xinchuan (300928) announced plans for share reduction by major shareholders and executives, indicating potential changes in ownership structure and investor sentiment [1][2]. Shareholder Reduction Plans - Vice President Zhang Long plans to reduce holdings by up to 26,225 shares, representing 0.03% of total shares, within three months starting from September 22, 2025 [1][2]. - Major shareholder and director Xiao Yan intends to reduce holdings by up to 2,317,372 shares, accounting for 2.9% of total shares, using centralized bidding or block trading methods during the same period [1][2]. Financial Performance - For the first half of 2025, the company reported revenue of 419.43 million yuan, a decrease of 2.62% year-on-year [3]. - The net profit attributable to shareholders was -38.02 million yuan, worsening from -28.20 million yuan in the same period last year, reflecting a decline of 34.83% [3]. - The net cash flow from operating activities was 9.03 million yuan, down 37.55% from the previous year [3]. Historical Financial Data - In 2024, the company achieved revenue of 1.035 billion yuan, an increase of 7.65% year-on-year, but reported a net loss of -76.06 million yuan, compared to -40.44 million yuan the previous year [3]. - The net cash flow from operating activities in 2024 was -134 million yuan, a significant decline from 138 million yuan in the previous year [3]. Company Background - Huazhong Xinchuan was listed on the Shenzhen Stock Exchange on January 6, 2021, with an initial offering of 20 million shares at a price of 38.05 yuan per share [4]. - The company raised a total of 761 million yuan, with a net amount of 676 million yuan after deducting issuance costs [5]. - The company is primarily engaged in the financial sector and was established in 2013, with a registered capital of 80 million yuan [5].