Core Viewpoint - The recent surge in stock prices has led to a wave of shareholder sell-offs, with major shareholders opting to cash out at high valuations, indicating potential market volatility ahead [2][4]. Group 1: Company Specifics - Zhongji Xuchuang (300308.SZ) announced that its controlling shareholder, Zhongji Investment, plans to reduce its stake by up to 5.5 million shares, representing 0.49% of the total share capital, following a peak stock price of 457 yuan [2][3]. - Zhongji Investment currently holds 127 million shares, accounting for 11.42% of the total shares, and has previously reduced its holdings multiple times since 2015, cashing out approximately 886 million yuan in total [3][4]. - The stock price of Zhongji Xuchuang has increased by over 236% this year, driven by the demand for AI computing power, raising concerns about overvaluation [4]. Group 2: Market Trends - In the last weekend of September, 100 A-share companies announced share reductions, with some companies seeing reductions exceeding 3% of their total share capital [7]. - A total of 1,475 A-share companies have issued nearly 3,000 reduction plans in the past six months, indicating a significant trend in shareholder sell-offs [7]. - Major shareholders, including controlling shareholders and executives, are leading the sell-off trend, with some companies experiencing coordinated reductions among multiple shareholders [7][8].
300308，大股东拟高位减持22亿