GUOGUANG CHAINS(SH:605188) Mei Ri Jing Ji Xin Wen·2025-09-04 15:36Core Viewpoint - The major shareholders of Guoguang Chain (605188.SH) plan to reduce their holdings, citing personal financial needs, while the company's control and governance structure will remain unaffected [2][3]. Shareholder Reduction Plan - The actual controller and chairman, Hu Jingen, intends to reduce his stake by up to 12.506 million shares, representing no more than 2.49% of the total share capital. The vice president and director, Hu Chunxiang, plans to reduce her stake by up to 2.506 million shares, representing no more than 0.5% of the total share capital. Together, they aim to reduce their holdings by no more than 2.99% [2][3]. - The reduction period is set from September 26, 2025, to December 25, 2025, and this is the first reduction plan disclosed by Hu Jingen and Hu Chunxiang since the company's IPO in 2018 [2][3]. Financial Implications - If the maximum reduction is executed at the closing price of 21.95 yuan per share, the total cashing out could exceed 330 million yuan [3]. - Prior to the IPO, Hu Jingen held 8.6 million shares (17.15% ownership), while Hu Chunxiang held approximately 1.072 million shares (2.15% ownership) [3]. Stock Performance - Guoguang Chain's stock price has experienced significant fluctuations since its IPO at 4.65 yuan, reaching a historical low of 4.55 yuan in February 2024, followed by a substantial increase in 2023 [5][6]. - The stock saw a remarkable rise of 77.22% over six days in April 2023 and a further increase of 76.59% over twelve days in August to September 2023, resulting in a total increase of 103.24% from August 5 to September 4, 2023 [6]. - As of September 4, 2023, the stock price reached a record high of 21.95 yuan, with significant trading activity from various institutional investors [6]. Company Overview - Guoguang Chain was established in November 2005 and is headquartered in Ji'an, Jiangxi Province, primarily operating chain supermarkets and department stores [3]. - The company was listed on the Shanghai Stock Exchange in July 2020 [3]. - For the first half of 2025, Guoguang Chain reported revenue of 1.448 billion yuan, a year-on-year increase of 6.50%, and a net profit attributable to shareholders of 19.8979 million yuan, up 4.15% [6].