天际股份又发减持公告，这次是5名高管，9月以来，控股股东、持股5%以上股东连续减持

Core Viewpoint - Tianji Co., Ltd. (9.SZ) has announced a share reduction plan by several executives, coinciding with a significant increase in its stock price in September, raising concerns among investors about the implications of these reductions [1][2][3]. Group 1: Executive Share Reduction - Five executives, including four vice presidents and one financial director, have disclosed plans to reduce their holdings, with the largest planned reduction being 48,000 shares by the financial director [1][2]. - The total number of shares held by these executives is relatively small, with the financial director holding the most at 192,200 shares [1][2]. Group 2: Shareholder Reduction Activities - The controlling shareholder, Shantou Tianji Co., Ltd., and another significant shareholder, Xinhua Chemical Co., Ltd., have also initiated share reduction plans, with the former planning to reduce up to 14.75 million shares, representing 3% of the total share capital [2]. - Xinhua Chemical reduced its holdings by 700,000 shares in early September, decreasing its ownership from 8.50% to 7.11% [2]. Group 3: Stock Price Movement - Tianji's stock price surged by 67.10% from September 1 to September 17, reaching a peak of 20.00 yuan per share, before experiencing a decline of 23.29% to 14.59 yuan by September 23 [3][4]. - The stock's performance from August 28 to September 17 showed an increase of 80.83%, significantly outperforming the broader market, which rose by 7.49% during the same period [3][4]. Group 4: Financial Performance - In the first half of the year, Tianji reported revenues of 1.068 billion yuan, but incurred a net loss of 52.36 million yuan, primarily due to competitive pressures in the lithium hexafluorophosphate market [5]. - The company noted a 45% increase in sales volume of lithium hexafluorophosphate compared to the first half of 2024, although the average selling price fell by 13% [5].