Tongyuan Environment(SH:688679) Zhong Guo Jing Ji Wang·2025-10-22 06:49Core Viewpoint - Tongyuan Environment (688679.SH) announced a share reduction plan by a major shareholder, indicating potential liquidity changes and market sentiment shifts [1][2]. Group 1: Shareholder Reduction Plan - Anhui Yuantong Equity Investment Partnership (Limited Partnership) plans to reduce its holdings by up to 3,950,689 shares, representing no more than 3% of the total share capital, between November 14, 2025, and February 13, 2026 [1]. - The reduction will occur through centralized bidding and block trading, with a maximum of 1% (1,316,896 shares) through centralized bidding and 2% (2,633,793 shares) through block trading within any 90-day period [1]. - As of the announcement date, Yuantong Investment holds 11,959,200 shares, accounting for 9.08% of the total share capital [1]. Group 2: Financial Performance - In the first half of 2025, Tongyuan Environment reported revenue of 642 million yuan, a year-on-year decrease of 2.63% [2]. - The net profit attributable to shareholders was -9.99 million yuan, compared to a profit of 2.91 million yuan in the same period last year [2]. - The net cash flow from operating activities was 14.50 million yuan, a significant improvement from -100 million yuan in the previous year [2]. Group 3: IPO and Fundraising - Tongyuan Environment was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on December 25, 2020, with an issuance of 32.92 million shares at a price of 12.05 yuan per share [2]. - The total funds raised amounted to 397 million yuan, with a net amount of 333 million yuan, which was 132 million yuan less than the original plan [2]. - The company allocated 64.93 million yuan for technology center construction and 400 million yuan for working capital [2].