Union Precision(SH:688210) Zhong Guo Jing Ji Wang·2025-11-18 03:15Core Viewpoint - Tonglian Precision (688210.SH) announced a share transfer plan involving the transfer of 4,841,937 shares, representing 3.00% of the company's total equity, by its controlling shareholder Yang Hu and his associates [1] Group 1: Share Transfer Details - The share transfer will not occur through centralized bidding or block trading, and the transferee is restricted from transferring the shares for six months post-acquisition [1] - The estimated cash amount from the share transfer, based on the closing price of 52.55 yuan on November 17, is approximately 25.4 million yuan [1] - Yang Hu plans to transfer 3,227,958 shares (2.00% of total equity) for personal funding needs, while Shenzhen Panhai Tonglian Technology Enterprise (Limited Partnership) will transfer 1,613,979 shares (1.00% of total equity) for similar reasons [2] Group 2: Shareholding Changes - As of September 5, 2025, Yang Hu and his associates reduced their total shareholding from 54,010,754 shares to 49,203,515 shares, decreasing their ownership percentage from 33.71% to 30.71% [3] - The total amount from Yang Hu's share reduction was approximately 133.72 million yuan, while the amount from Panhai Tonglian was about 42.40 million yuan, totaling around 176 million yuan [3] Group 3: Financial Performance - For the first three quarters of 2025, Tonglian Precision reported revenue of 642 million yuan, an increase of 8.38% year-on-year, but a significant decline in net profit attributable to shareholders, which was 575,710 yuan, down 88.94% [3][4] - The net cash flow from operating activities was 131 million yuan, reflecting an increase of 11.18% year-on-year [4] Group 4: Convertible Bond Issuance - The company plans to issue convertible bonds to raise up to 595 million yuan, which will be used for a new intelligent terminal component manufacturing project, working capital, and repaying bank loans [5][6] - The total investment for the intelligent manufacturing center project is approximately 490.83 million yuan, with 465 million yuan expected to be funded from the bond issuance [6] Group 5: Historical Financial Data - Tonglian Precision went public on December 27, 2021, raising a net amount of 773 million yuan from its initial public offering [6] - The company has a history of profit distribution, including cash dividends and capital reserve transfers, with the most recent distribution involving a cash dividend of 0.26 yuan per share and a capital reserve transfer of 0.4 shares per share [7]