JJE(SH:688280) Zhong Guo Jing Ji Wang·2025-10-28 07:57Core Viewpoint - The announcement reveals that shareholders of Jingjin Electric (688280.SH) plan to reduce their holdings due to personal financial needs, with specific details on the number of shares and methods of reduction [1][2]. Shareholder Reduction Plans - Shareholder "超越摩尔" plans to reduce up to 8,853,325 shares, representing 1.50% of the total share capital, through centralized bidding or block trading [1][3]. - Shareholder "诚辉国际" intends to reduce up to 5,902,216 shares, accounting for 1.00% of the total share capital, also via centralized bidding or block trading [2][3]. Reduction Timing and Methods - Both shareholders will execute their reduction plans within three months following the announcement, starting 15 trading days after the disclosure [1][2]. - For "超越摩尔," the reduction through centralized bidding is limited to 1% of total shares within any consecutive 90-day period, while block trading is limited to 2% [1][3]. - For "诚辉国际," similar restrictions apply for both centralized bidding and block trading [2][3]. Company Financial Background - Jingjin Electric was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on October 27, 2021, with an initial offering price of 13.78 yuan per share, raising a total of 20.33 billion yuan [4]. - The company has reported continuous net losses since its IPO, with net profits of -400.1 million yuan in 2021, -388.4 million yuan in 2022, -576.9 million yuan in 2023, and -436.4 million yuan in 2024 [5]. - The company plans to raise up to 115.9 million yuan through a simplified procedure for issuing shares to specific targets, aimed at funding the industrialization of compact electric vehicle drive systems [5].