HYC(SH:688001) Zhong Guo Jing Ji Wang·2025-10-09 06:49Core Viewpoint - Huaxing Yuanchuang (688001.SH) announced a share reduction plan by its shareholders, Suzhou Yuanke and Suzhou Yuanfen, due to their funding needs, intending to sell up to 4,000,000 shares, representing no more than 0.90% of the total share capital [1][2] Group 1: Shareholder Reduction Plan - Suzhou Yuanke plans to reduce its holdings by up to 2,000,000 shares, accounting for no more than 0.45% of the total share capital, while Suzhou Yuanfen also plans to reduce by the same amount [1] - The total cash amount from the planned share reduction is estimated to be no more than 126 million yuan based on the closing price of 31.59 yuan on September 30 [2] Group 2: Company Background and Financials - Huaxing Yuanchuang was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 22, 2019, with an initial public offering (IPO) of 40.1 million shares at a price of 24.26 yuan per share [2] - The total funds raised from the IPO amounted to 972.826 million yuan, with a net amount of 880.893 million yuan after deducting issuance costs [2] - The company reported a revenue of 1.823 billion yuan in 2024, a decrease of 2.07% year-on-year, and a net profit attributable to shareholders of -497 million yuan, a decline of 307.39% [4][5]