Core Viewpoint - Lianyun Technology announced a significant unlock of 223 million restricted shares, representing 48.52% of its total share capital, scheduled for December 1, which may impact the stock price due to the large volume of shares entering circulation [1][2]. Group 1: Share Unlock Details - The unlock includes 197 million shares from the initial public offering held by 11 shareholders and 26 million shares from strategic placements held by 7 shareholders, both with a lock-up period of 12 months from the company's listing date on November 29, 2023 [1]. - Two shareholders from Hikvision hold a combined 135 million shares, accounting for 60.48% of the total unlocked shares, with all 18 shareholders having no remaining restricted shares post-unlock [1]. - The proportion of unrestricted shares will increase from 14.15% at the time of listing to 62.67% after the unlock, significantly enhancing market liquidity [1]. Group 2: Financial Performance - For the first three quarters of 2025, Lianyun Technology reported total revenue of 921 million yuan, a year-on-year increase of 11.59%, and a net profit attributable to shareholders of 90.06 million yuan, up 23.05% [2]. - The company's net profit excluding non-recurring items surged by 141.76% to 62.14 million yuan, with net cash flow from operating activities reaching 109 million yuan, compared to a negative 93.45 million yuan in the same period last year [2]. Group 3: Market Analysis - As of November 21, Lianyun Technology's closing price was 46.35 yuan per share, with the market value of the unlocked shares estimated at approximately 10.3 billion yuan, raising concerns about potential stock price impacts [2]. - Analysts note that the company's high price-to-earnings ratio and the weak overall market conditions may lead to stock price volatility due to the large unlock, although strong fundamentals and significant holdings by long-term investors may mitigate panic selling [2].
百亿市值解禁潮来袭？联芸科技公告