SLPT(SH:603178) Chang Jiang Shang Bao·2025-09-18 08:32Core Viewpoint - The controlling shareholder of Shenglong Co., Ltd. plans to reduce its stake again, indicating ongoing financial challenges for the company and potential impacts on investor sentiment [1][2]. Group 1: Shareholder Reduction Plan - Shenglong Group and its affiliates plan to reduce their holdings by up to 7.09 million shares, representing no more than 3% of the total shares [1]. - The total market value of the shares to be sold is approximately 151 million yuan, based on the closing price of 21.24 yuan per share [1]. - This marks the second reduction plan by Shenglong Group in two years, with a previous reduction of 7 million shares in June 2024 [2]. Group 2: Financial Performance - Shenglong Co., Ltd. reported revenues of 1.481 billion yuan, 1.45 billion yuan, and 1.619 billion yuan from 2022 to 2024, with net profits declining from 89.14 million yuan to 29.75 million yuan during the same period [2]. - The company has experienced a continuous decline in net profit for three consecutive years [2]. - In the first half of 2025, Shenglong Co., Ltd. achieved revenues of 833 million yuan, a year-on-year increase of 16.56%, but reported net losses of 55.14 million yuan and a significant drop in non-recurring net profit [3]. Group 3: Operational Challenges - The company attributed its financial struggles to increased costs related to the relocation of its North American factory and rising expenses from temporary inventory [3]. - Despite the challenges, Shenglong Co., Ltd. is increasing its investment in new energy projects, which has led to fluctuations in gross margins during the ramp-up of new product production [3].