DHCC(SZ:002065) Zhong Guo Jing Ji Wang·2025-09-15 06:56Core Viewpoint - Donghua Software's controlling shareholder, Xue Xiangdong, plans to reduce his stake by up to 44,876,753 shares, representing 1.40% of the total share capital, due to personal financial needs, with an estimated cash-out of approximately 470 million yuan based on the closing price on September 12, 2023 [1]. Shareholding Reduction - Xue Xiangdong initially held 15,722,400 shares, accounting for 18.23% of the total share capital. Since January 6, 2010, he has cumulatively reduced his holdings by 33,863,200 shares, cashing out approximately 489 million yuan [1][3]. - Recent reductions include: - July 18, 2025: Reduced 1,215,400 shares, cashing out 11.6071 million yuan, bringing his holding to 11.26% [3]. - July 23, 2025: Reduced 340,000 shares, cashing out 3.2402 million yuan, holding now at 11.24% [3]. - July 30, 2025: Reduced 100,000 shares, cashing out 946,000 yuan, maintaining 11.24% [3]. - Cumulatively, including recent reductions, Xue Xiangdong has cashed out approximately 959 million yuan [3]. Financial Performance - Donghua Software's financial performance from 2022 to 2024 shows: - Revenue: 11.83 billion yuan (2022), 11.52 billion yuan (2023), 13.32 billion yuan (2024), with a year-on-year increase of 15.61% in 2024 [4]. - Net profit attributable to shareholders: 400 million yuan (2022), 438 million yuan (2023), 500 million yuan (2024), reflecting a 13.98% increase in 2024 [4]. - Cash flow from operating activities: 26.16 million yuan (2022), 250 million yuan (2023), 792.98 million yuan (2024), a significant increase of 217.20% in 2024 [4]. - For the first half of 2025, revenue was 5.62 billion yuan, a decrease of 1.76% year-on-year, with net profit of 244 million yuan, down 15.78% year-on-year [5].