300274突发！四高管提前终止减持

Core Viewpoint - The announcement of the early termination of the share reduction plan by four senior executives of Sunshine Power (300274.SZ) is aimed at avoiding short-term trading, despite the company's stock price having nearly doubled since the initial disclosure of the reduction plan [2][4]. Group 1: Share Reduction Announcement - Four senior executives, including the vice chairman and three vice presidents, announced the early termination of their share reduction plan, which involved a maximum of 424,900 shares valued at approximately 66.92 million yuan based on the closing price of 157.50 yuan per share on September 26 [2][3]. - The executives' positions include Vice Chairman and Senior Vice President Gu Yilei, Director and Senior Vice President Wu Jiamao, and Vice Presidents Deng Dejun and Wang Lei [2][3]. Group 2: Historical Context and Stock Performance - The initial disclosure of the share reduction plan dates back to July 11, with the executives allowed to reduce their holdings between August 4, 2025, and November 3, 2025 [3]. - Prior to the reduction announcement, Sunshine Power's stock price fluctuated between 61 yuan and 76.16 yuan per share, and after the announcement, the stock price surged, reaching a new high since its listing in 2011, with an increase of 93.49% from the initial disclosure to the termination announcement [4][5]. Group 3: Company Performance and Risks - Sunshine Power's stock experienced a dramatic increase of over 20 times from October 2018 to October 2021 due to favorable policies and market conditions, but faced significant declines from 2022 to 2023 due to high expectations and performance issues [5]. - Despite the recent stock price surge, there are ongoing concerns regarding accounts receivable turnover risk, declining gross margins, and risks associated with investment in new energy projects [4].