Zhejiang Yiming Food (SH:605179) Xi Niu Cai Jing·2025-10-20 12:50Core Viewpoint - Despite achieving growth in both revenue and net profit in the first half of the year, Yiming Food's positive performance is overshadowed by a share reduction announcement from its major shareholders [2][5]. Group 1: Financial Performance - In the first half of the year, Yiming Food reported revenue of 1.401 billion yuan, representing a year-on-year increase of 2.12% [4]. - The net profit attributable to shareholders reached 32.22 million yuan, showing a significant year-on-year growth of 21.73% [4]. - The company had previously faced a challenging period, with net profit declining from 132 million yuan in 2020 to a loss of 129 million yuan in 2022, before returning to profitability in 2023 [6]. Group 2: Shareholder Actions - On August 20, a notice was issued stating that shareholders Xinyue Investment, Mingniu Investment, and Chengyue Investment plan to reduce their holdings by up to 12.03 million shares, accounting for 3% of the total share capital [3]. - The reduction is initiated by the actual controllers of the company, Li Meixiang, Zhu Mingchun, and Li Hongyan, indicating a collective decision among the major shareholders [3]. - Following the announcement, Yiming Food's stock price experienced volatility, peaking at 25.5 yuan per share on August 29 before declining to 21.25 yuan per share by October 15, marking a decrease of 16.67% from the high [4]. Group 3: Management Response - In response to investor concerns regarding the declining stock price, Chairman Zhu Like emphasized that the fluctuations are influenced by multiple factors, including macroeconomic conditions and market sentiment, and that short-term volatility is uncertain [4]. - Zhu Like clarified that the shares being reduced were acquired before the company's IPO and that the reduction is due to the shareholders' personal financial needs, with no implications for the company's future outlook [4].