Core Viewpoint - The major shareholder of San Da Membrane, Qingyuan (China) Co., Ltd., plans to reduce its stake in the company through a centralized bidding method, which may impact the stock price and investor sentiment [1][2]. Shareholder Reduction Plan - Qingyuan (China) Co., Ltd. holds 85,682,350 shares, accounting for 25.81% of the total share capital [1]. - The planned reduction is up to 3,320,120 shares, representing no more than 1% of the total share capital [2]. - The reduction period is set from September 23, 2025, to December 22, 2025 [2]. - The reason for the reduction is stated as personal funding needs [2]. Financial Performance - For the first half of 2025, San Da Membrane reported revenue of 717.07 million yuan, a year-on-year increase of 6.53% [3][4]. - The net profit attributable to shareholders was 195.24 million yuan, reflecting a growth of 21.39% compared to the previous year [3][4]. - The net profit after deducting non-recurring gains and losses was 180.05 million yuan, up by 25.26% year-on-year [3][4]. - The net cash flow from operating activities was 92.78 million yuan, an increase of 5.77% [4]. H-share Listing Plan - The company plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international presence and capital strength [5]. - The board has authorized management to initiate preparatory work for the H-share listing, with a timeframe of 12 months from the board's approval [5]. - The listing is subject to approval from various regulatory bodies, including the China Securities Regulatory Commission and the Hong Kong Stock Exchange [5]. Initial Public Offering (IPO) Details - San Da Membrane raised a total of 1.52 billion yuan in its IPO, with a net amount of 1.45 billion yuan after deducting issuance costs [6]. - The funds raised are allocated for various projects, including the production of ceramic nanofiltration membranes and research and development [6][7].
破发股三达膜股东拟减持 2019年上市募15亿拟发行H股