TFC(SZ:300394) Di Yi Cai Jing·2025-11-16 09:05Core Viewpoint - The major shareholder of Tianfu Communication, Tianfu Renhe, has announced a significant share reduction plan, indicating a strong desire for liquidity amid fluctuating stock prices and market concerns about future growth potential [1][2][3] Group 1: Shareholder Actions - Tianfu Renhe plans to transfer 8.5 million shares, approximately valued at 1.32 billion yuan, at a price set at 70% of the average trading price over the previous 20 days, reflecting a strong intent to liquidate [1][2] - Shareholder Zhu Guodong has already cashed out over 1.216 billion yuan through two rounds of share reductions this year, further raising concerns about the company's stock performance [3] Group 2: Company Performance - For the first three quarters of 2025, Tianfu Communication reported a revenue of 3.918 billion yuan, a year-on-year increase of 63.63%, and a net profit of 1.465 billion yuan, up 50.07% [4][5] - The company's revenue growth has shown signs of slowing down, with a notable decline in quarter-on-quarter growth rates, raising questions about its future performance sustainability [4][5] Group 3: Market Context - Tianfu Communication's stock price peaked at 224.42 yuan in early September but has since declined by approximately 21.5%, reflecting market volatility and investor uncertainty [2][3] - The company is positioned within the competitive CPO market, and its ability to maintain a technological edge and expand production capacity will be crucial for sustaining its valuation [5]