Group 1 - Aokang International, once known as the "first stock of men's shoes," has experienced three consecutive years of losses, with net profits of -374 million yuan in 2022, -93.28 million yuan in 2023, and -216 million yuan in 2024, indicating significant operational challenges [2][3] - Despite the ongoing losses, Aokang's stock price has shown a remarkable recovery since September 2024, reaching a high of 10.26 yuan by August 8, 2025, nearly doubling from its low point in 2024 [3] - The third-largest shareholder, Xiang Jinyu, disclosed a plan to reduce holdings in August 2025, cashing out at least 93.53 million yuan, citing "personal funding needs" as the reason for the reduction [4] Group 2 - Aokang International, founded in 1988, is a well-known shoe brand operator and retailer in China, owning brands such as Aokang and Kanglong, and representing international brands like SKECHERS and PUMA [3] - The company has distributed over 100 million yuan in cash dividends in 2024, despite its financial struggles [4] - Aokang attempted to explore new growth avenues through a cross-border acquisition of chip assets, but the deal was ultimately terminated due to failure to reach an agreement on transaction conditions [4]
业绩承压股价反涨,奥康国际股东减持超9000万引关注