深圳千亿上市公司，持续大减持

Core Viewpoint - The announcement by Guangqi Technology regarding the share reduction by its controlling shareholder, Tibet Yingbang, aims to alleviate debt and reduce the pledge ratio, which is expected to enhance the company's financial stability and attract more institutional investors [1][2]. Group 1: Shareholding Changes - Tibet Yingbang reduced its shareholding by 18.24 million shares (0.85% of total shares) from October 15 to 17, 2025, bringing its total holdings to 539 million shares (25% of total shares) [1]. - From September 8 to October 17, 2025, Tibet Yingbang transferred a total of 107,729,387 shares (5.00% of total shares) through block trading, decreasing its holdings from 646,376,353 shares (30.00% of total shares) to 538,646,966 shares (25.00% of total shares) [1]. Group 2: Financial Performance - In the first half of 2025, Guangqi Technology reported a revenue of 943 million CNY, a year-on-year increase of 10.7%, and a net profit attributable to shareholders of 386 million CNY, up 6.7% year-on-year [2]. - The company's net profit excluding non-recurring items was 376 million CNY, reflecting a 5.4% year-on-year increase, while the net operating cash flow decreased by 49.6% to 161 million CNY [2]. - As of October 17, 2025, Guangqi Technology's market capitalization was approximately 99.7 billion CNY [2]. Group 3: Business Overview - Guangqi Technology specializes in the research, development, production, and sales of metamaterials and complex functional structural components [5]. - The company's main products include metamaterials, research and development services, and other related businesses, providing system-level solutions for advanced equipment in China [5]. - The metamaterials have been successfully applied in various aerial, marine, and long-range guided weapon systems [5].