Core Viewpoint - The announcement of share reduction by major shareholder Wei Hongzhang does not significantly impact the stock price of Demingli, which continues to rise due to the overall increase in the storage chip sector [1][2]. Shareholder Reduction - Wei Hongzhang plans to reduce his holdings by no more than 3 million shares, accounting for 1.32% of the total share capital, with an estimated market value of approximately 536 million yuan based on the closing price of 178.6 yuan [1]. - Since July 2023, Wei has been reducing his shares, with a total reduction of approximately 4.81 million shares and a further 3.13 million shares from April to July 2023, decreasing his ownership from 10.03% to 5.34% [1]. - Other major shareholders, including controlling shareholder Li Hu and his associate Tian Hua, reduced their holdings by approximately 4.40 million shares, representing 2.51% of the total share capital, resulting in Li Hu's ownership dropping to about 35% [1]. Stock Performance - Following the reduction announcement, Demingli's stock price increased, closing at 196.46 yuan per share, with a market capitalization of 44.57 billion yuan, reflecting a more than 200% increase since the "924" market rally last year [2]. Business Overview - Demingli specializes in storage products, with core revenue sources including solid-state drives, mobile storage, and embedded storage [2]. - In the first half of 2025, revenue from embedded storage products surged by 290.10%, while solid-state drive revenue increased by 64.62%, leading to an overall revenue growth of 88.83% to 4.11 billion yuan [2]. Profitability Challenges - Despite significant revenue growth, Demingli reported a net loss of 117 million yuan, a decline of 130.43% compared to a profit of 387 million yuan in the same period last year, marking the third consecutive quarter of losses [2]. - The company attributes the profit decline to industry cycle fluctuations, structural market demand adjustments, and rising costs due to rapid business expansion [2]. R&D Investment - Demingli is increasing its R&D investment, with R&D expenses reaching 115 million yuan in the first half of the year, a year-on-year increase of 33.20% [3].
德明利第二大股东再度减持，或套现近超5亿元