SLPT(SH:603178) Zhong Guo Jing Ji Wang·2025-09-18 07:41Core Viewpoint - Shenglong Co., Ltd. (603178.SH) announced a share reduction plan by its controlling shareholder and related parties, intending to reduce up to 7,090,000 shares, representing no more than 3% of the total shares outstanding [1][2]. Share Reduction Plan - The controlling shareholder, Ningbo Shenglong (Group) Co., Ltd. (Shenglong Group), along with its action-in-concert parties, plans to reduce shares through centralized bidding and block trading [1]. - The reduction will occur within three months after the disclosure of the plan, with a limit of 1% of the total shares for centralized bidding and 2% for block trading within any continuous 90-day period [1]. Shareholding Structure - As of the announcement date, Shenglong Group holds 124,007,390 shares, approximately 52.45% of the total shares [2]. - Shenglong Group's shareholding is derived from pre-IPO holdings and participation in a non-public offering in 2021 [2]. - Shengdar Investment, another action-in-concert party, holds 5,720,000 shares (2.42% of total shares), while Chen Yaqing holds 3,860,300 shares (1.63% of total shares) [2]. Financial Performance - For the first half of 2025, Shenglong Co., Ltd. reported revenue of 833 million yuan, a year-on-year increase of 16.56% [3][4]. - The net profit attributable to shareholders was -55.14 million yuan, compared to a profit of 20.81 million yuan in the same period last year [3][4]. - The net cash flow from operating activities was -7.34 million yuan, down from 44.31 million yuan in the previous year [3][4]. Previous Share Reductions - Since June 18, 2024, Shenglong Group has cumulatively reduced 4.72 million shares, realizing approximately 110.06 million yuan [5][6]. - Shengdar has reduced 2.28 million shares during the same period, with total cash proceeds of about 50.88 million yuan [6][7]. - The total cash realized from share reductions by both Shenglong Group and Shengdar amounts to approximately 160.94 million yuan [7].