Core Viewpoint - The announcement from Yidong Electronics (301123.SZ) reveals a plan by its controlling shareholder and related parties to reduce their shareholding by up to 6,916,833 shares, representing 2.96% of the total share capital, over the next three months through centralized bidding or block trading [1][2]. Shareholding Reduction Plan - The plan involves a total reduction of up to 6,916,833 shares, which is 2.96% of the company's total share capital and 3.00% of the total shares excluding those in the repurchase account [1]. - The reduction will be executed in two ways: a maximum of 1.00% of the total shares can be sold through centralized bidding within any 90-day period, and a maximum of 2.00% can be sold through block trading within the same timeframe [1]. Financial Implications - Based on the closing price of 47.62 yuan per share, the total cash to be raised from the share reduction is approximately 329,379,587.46 yuan [2]. - As of the announcement date, the shareholding distribution is as follows: Wang Gang holds 10,008,009 shares (4.28%), Yifeng Investment holds 3,089,472 shares (1.32%), Yihe Investment holds 625,501 shares (0.27%), Yicui Investment holds 848,679 shares (0.36%), and Yining Investment holds 1,160,929 shares (0.50%) [2]. Company Background - Yidong Electronics was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on January 25, 2022, with an initial issuance of 58,400,000 shares at a price of 37.23 yuan per share [3]. - The company raised a total of 2,174,232,000 yuan from its initial public offering, with a net amount of 1,971,166,112.39 yuan after expenses [4]. Financial Performance - Projected revenues for 2023 and 2024 are 1.47 billion yuan and 1.71 billion yuan, respectively, with net profits of 2.14 million yuan in 2023 and a loss of 40.01 million yuan in 2024 [4][5]. - The net cash flow from operating activities is expected to be 74.76 million yuan in 2023 and 87.05 million yuan in 2024, reflecting a growth of 16.43% [5].
奕东电子实控人方拟套现3亿 上市募21.7亿扣非连亏2年