GONGNIU(SH:603195) Mei Ri Jing Ji Xin Wen·2025-10-14 13:51Core Viewpoint - The Bull Group (603195.SH) announced a plan for its actual controller, Ruan Xueping, to reduce his shareholding by up to 36.17 million shares, representing 2% of the total share capital, through block trading between October 31, 2025, and January 30, 2026. This decision is based on personal financial needs and is not expected to significantly impact the company's governance or ongoing operations [2][3]. Financial Performance - For the first half of 2025, the Bull Group reported revenue of 8.168 billion yuan, a decrease of 2.60% year-on-year, and a net profit attributable to shareholders of 2.489 billion yuan, down 6.93% year-on-year. The company's net assets attributable to shareholders were 14.701 billion yuan, a decline of 7.34% year-on-year [5]. - The revenue from the electrical connection business was 3.662 billion yuan, down 5.37% year-on-year, while the smart electrical lighting business generated 4.094 billion yuan, a decrease of 2.78% year-on-year. In contrast, the new energy business saw revenue growth of 33.52%, reaching 386 million yuan [5]. Shareholding Structure - As of the announcement date, Ruan Xueping held 256 million shares, accounting for 14.13% of the total share capital. Together with his concerted actions with other entities, they collectively hold 1.533 billion shares, representing 84.76% of the total share capital [3]. Historical Context - Ruan Xueping previously reduced his holdings by 17.79 million shares, amounting to 1.626 billion yuan, on July 5, 2023. The company reported a revenue of 7.592 billion yuan for the first half of 2023, reflecting a year-on-year increase of 11.03%, and a net profit of 1.822 billion yuan, up 20.83% year-on-year [4]. Cost Management - The company's operating costs for the first half of 2025 were 4.711 billion yuan, a decrease of 1.55% year-on-year, attributed to fluctuations in bulk material prices and changes in product structure. The company employs strategies such as centralized procurement and futures hedging to mitigate risks associated with raw material price volatility [6].