300407，将遭央企“清仓式”减持

Core Viewpoint - China Railway Signal and Communication Group Co., Ltd. (通号集团) plans to transfer 36.6869 million shares of Kaifa Electric (凯发电气), representing 11.63% of the total share capital after excluding shares in the repurchase account [1][4]. Share Transfer Details - After the transfer, 通号集团 will no longer hold any shares in Kaifa Electric. The transfer has been approved by the board of 通号集团 [4]. - 通号集团 acquired its shares mainly through equity and debt transfers in 2019, including a transfer agreement signed in December 2018 for approximately 5.15% of the shares at a price of 6.45 yuan per share, totaling 91.7596 million yuan [4]. - The shareholding of 通号集团 increased to 12.02% after converting Kaifa Electric bonds into shares, but later adjusted to 11.63% due to changes in total share capital [4]. Historical Context - 通号集团 has maintained its position as the second-largest shareholder of Kaifa Electric for the past six years without any reduction in its holdings or attempts to gain control of the company [5]. - The transfer price will be based on the higher of the average weighted price over the last 30 trading days or the audited net asset value per share from the last accounting year [5][6]. Market Reaction - Following the announcement, Kaifa Electric's stock price surged to 12.70 yuan per share, reflecting a significant market response [7]. Company Performance - In the first three quarters, Kaifa Electric reported revenue of 1.805 billion yuan, a year-on-year increase of 26.97%, and a net profit attributable to shareholders of 68.9649 million yuan, up 3.73% year-on-year [9].