半年报业绩亏损，环球印务第二大股东拟再度减持套现！

Core Viewpoint - The second largest shareholder of Global Printing has announced a plan to reduce its holdings for the second time this year, continuing a trend that began in 2020, amid the company's ongoing poor performance and losses in recent years [1][2]. Shareholder Reduction - The second largest shareholder, Hong Kong Original Stone International Limited, plans to reduce its holdings by up to 3,200,400 shares, representing 1% of the total share capital, due to personal financial needs [2][3]. - Since 2020, Hong Kong Original Stone has been gradually reducing its stake, with previous reductions including 1.5 million shares in mid-2020 and 287.54 million shares from late 2020 to April 2021 [9]. Financial Performance - Global Printing reported a revenue of 439 million yuan in the first half of 2025, a decrease of 43.53% year-on-year, with a net loss of 371,990 yuan, down 109.85% compared to the previous year [10][11]. - All three core business segments experienced revenue declines, with the internet digital marketing segment seeing a staggering drop of 78.27% [11][12]. - The company has faced significant challenges in its internet digital marketing business due to economic changes, increased competition, and overdue accounts receivable, leading to a severe decline in operational performance [13]. Historical Performance Trends - From 2021 to 2024, Global Printing's revenue decreased from 29.36 billion yuan to 13.97 billion yuan, with net profits turning into losses of 5.24 million yuan in 2024 [13]. - The company's stock price has also seen a significant decline, dropping from a peak of 18.92 yuan in 2020 to a low of 5.51 yuan in 2024, with a current closing price of 7.91 yuan as of September 23, 2025 [13]. Management Response - The company emphasizes its commitment to market value management and shareholder interests, stating that shareholder reductions do not necessarily conflict with its market value management efforts [14].