香山股份大股东狂套现2.37亿！回购仅3300万，业绩还暴跌 33%

Core Viewpoint - The major shareholder of Xiangshan Co., Zhao Yukun, plans to reduce his stake in the company by up to 3% through various trading methods, raising concerns among investors about the company's future development [1][4]. Shareholder Actions - Zhao Yukun currently holds 20,940,000 shares, accounting for 15.85% of the company's total shares [2]. - In the past two months, Zhao Yukun and another shareholder, Chen Bogang, have collectively reduced their holdings by 5.45%, amounting to approximately 2.37 billion yuan [4]. Company Buyback Plan - The company initiated a share buyback plan in April 2023, intending to use between 60 million and 120 million yuan for repurchasing shares at a maximum price of 35 yuan per share [6]. - As of August 31, 2023, the company had only repurchased 107.68 million shares, representing 0.82% of the total shares, significantly below the planned buyback amount [6]. Financial Performance - In the first half of 2023, the company reported a revenue of 29.38 billion yuan, a slight decrease of 0.56% year-on-year, while net profit fell sharply by 33.30% to 529.78 million yuan [7][8]. - The decline in net profit was attributed to several factors, including a slowdown in the global economy, increased costs, and a drop in sales in the luxury car market [7][9]. Strategic Adjustments - The company is actively seeking to address its overseas business challenges, which have been underperforming due to various operational issues [9]. - It is implementing reforms aimed at improving operational efficiency and integrating global business operations to enhance overall performance [9]. Market Performance - As of September 5, 2023, the company's stock price was 34.80 yuan per share, with a market capitalization of 4.596 billion yuan, reflecting a 20% increase over the past year [10]. - The stock price is approaching the buyback price limit, raising questions about its stability amid ongoing shareholder reductions and declining performance [10].