浙文互联，两大股东联袂减持

Core Viewpoint - Zhejiang Wen Internet (浙文互联) announced plans for major shareholder reductions due to personal funding needs, with significant shares to be sold by two major shareholders [1][2][3] Shareholder Reduction Plans - Shareholder Lin'an Xinjing plans to reduce holdings by up to 23,746,800 shares, representing 1.60% of the total share capital, with a breakdown of 7,436,800 shares through centralized bidding and 16,310,000 shares through block trading [1][2] - Shareholder Shanghai Mingde intends to reduce holdings by up to 20,867,704 shares, accounting for 1.40% of the total share capital, with 7,436,800 shares through centralized bidding and 13,430,904 shares through block trading [1][2] - The reduction period for both shareholders is set from October 30, 2025, to January 29, 2026 [2] Financial Performance - As of the announcement date, Lin'an Xinjing holds 25,559,929 shares (1.72% of total), while Shanghai Mingde holds 20,867,704 shares (1.40% of total) [2] - The estimated cash-out from Lin'an Xinjing's reduction is approximately 200 million yuan, while Shanghai Mingde's is around 170 million yuan, based on the latest closing price of 8.24 yuan per share [3] - Zhejiang Wen Internet's revenue has shown instability, with 2022 revenue at 14.737 billion yuan, dropping to 10.818 billion yuan in 2023, and further declining to 7.703 billion yuan in 2024 [3] - The net profit for the company was 81 million yuan in 2022, increasing to 192 million yuan in 2023, but falling again to 158 million yuan in 2024 [3] Recent Market Performance - In the first half of 2025, the company achieved revenue of 3.713 billion yuan and a net profit of 112 million yuan, marking a year-on-year increase of 79.5% [4] - As of September 30, 2025, the stock price was 8.24 yuan per share, with a market capitalization of 12.256 billion yuan, reflecting a year-to-date increase of 37.79% [4]