中际旭创股东减持套现超10亿，董事长刘圣关联方参与

Group 1 - The core point of the news is that major shareholders of Zhongji Xuchuang have begun to reduce their holdings after a significant stock price increase, with one shareholder potentially cashing out over 1 billion yuan [1] - From July 1 to September 17, a specific shareholder, Suzhou Yixingfu Enterprise Management Center, reduced its holdings from 9.417% to 8.9999%, selling a total of 4.6341 million shares [1] - The stock price of Zhongji Xuchuang surged from below 150 yuan to nearly 450 yuan, with an average price of around 300 yuan in the third quarter, indicating a substantial increase in market valuation [1] Group 2 - The company faces uncertainties due to global supply chain restructuring and geopolitical risks, particularly after the implementation of tariffs and trade policies [2] - The company primarily sells products to North America and Europe, relying on overseas procurement for key raw materials, which could be affected by changes in exchange rates or trade policies [2] - Analysts believe that the company, as a leading global manufacturer closely connected to major clients, is well-positioned to meet market demand and expand its high-end product lines [2] Group 3 - Concerns have been raised about the stock price increase potentially overextending future earnings growth, with some investors wary of the risks associated with major shareholder sell-offs [3] - A public fund manager noted that the valuation of the optical module sector is currently high, and the significant price increases over the past six months may have already priced in future performance [3] - Historical context is provided, comparing the current situation to the electric vehicle sector, where despite strong earnings growth, stock prices have seen notable declines [3]