为“避免短线交易”，阳光电源四高管提前终止减持，股价已翻番

Core Viewpoint - The company, Sunshine Power (300274.SZ), has announced the early termination of a share reduction plan by four executives, which was initially proposed due to personal financial needs. The decision to terminate the plan is aimed at avoiding short-term trading [1][2]. Group 1: Share Reduction Plan - Four executives, including the Vice Chairman and Senior Vice Presidents, have decided to terminate their plan to reduce holdings, which involved a maximum of 424,900 shares [1][2]. - The value of the shares that were to be reduced, based on the closing price of 157.50 CNY per share on September 26, is estimated to be no more than 66.92 million CNY [2]. - The executives involved hold a total of 1,909,851 shares, representing 0.0930% of the company's total share capital [3]. Group 2: Stock Performance - Following the initial announcement of the share reduction plan, Sunshine Power's stock price has nearly doubled, increasing by 93.49% from the time of the initial disclosure to the announcement of the termination [5]. - The company's stock price has experienced significant volatility, having risen over 20 times within three years from October 2018 to October 2021, before facing a substantial decline from 2022 to 2023 due to high expectations and valuation corrections [7]. Group 3: Future Considerations - The latest announcement indicates that the executives have not yet executed any share reductions, meaning they still hold all their shares [6]. - Despite the positive stock performance, there are underlying risks related to accounts receivable turnover, declining gross margins, and risks associated with investment and development in new energy projects [6].