KENGIC(SH:688455) Zhong Guo Jing Ji Wang·2025-09-08 07:48Core Viewpoint - Shenzhen Shunfeng Investment Co., Ltd. plans to reduce its stake in KJ Intelligent Technology Co., Ltd. due to its own funding needs, with a total reduction of up to 5,425,475 shares, representing a maximum of 3% of the company's total shares [1][2] Group 1: Shareholder Reduction Plan - Shunfeng Investment will reduce its holdings starting from September 30, 2025, for a period of three months [1] - The reduction will occur through centralized bidding, with a maximum of 1,808,491 shares (1% of total shares), and through block trading, with a maximum of 3,616,983 shares (2% of total shares) [1][2] - As of the announcement date, Shunfeng Investment holds 20,145,524 shares, accounting for 11.14% of KJ Intelligent's total shares [2] Group 2: Company Financial Performance - KJ Intelligent reported a revenue of 492 million yuan in the first half of 2025, a year-on-year increase of 2.24% [3] - The company recorded a net loss attributable to shareholders of 37.28 million yuan, an improvement from a loss of 42.40 million yuan in the same period last year [3] - The net cash flow from operating activities was -291 million yuan, compared to -104 million yuan in the previous year [3] Group 3: Initial Public Offering (IPO) Details - KJ Intelligent raised a total of 989.24 million yuan from its IPO, with a net amount of 891.37 million yuan, exceeding the original plan by 442.99 million yuan [3] - The IPO was conducted at a price of 21.88 yuan per share, with the highest price on the first trading day reaching 24.92 yuan [2][3] - The company incurred total issuance costs of 97.87 million yuan, including underwriting fees of 71.41 million yuan [3]