Guangdong Fangyuan New Materials (SH:688148) Zhong Guo Jing Ji Wang·2025-12-01 07:39Core Viewpoint - Fangyuan Co., Ltd. (688148.SH) has announced a share reduction plan by its shareholder, Jiangmen Square Yili Investment Consulting Partnership, intending to sell up to 5,100,000 shares, representing no more than 1% of the company's total share capital, within three months after the announcement [1][2]. Group 1: Share Reduction Plan - The shareholder Square Yili plans to reduce its holdings through centralized bidding based on market prices [1]. - The total cash expected from the share reduction is approximately 51,459,000 yuan, calculated at the previous trading day's closing price of 10.09 yuan per share [2]. - As of the announcement date, Square Yili holds 9,502,700 shares, accounting for 1.86% of the total share capital, and is considered a concerted actor with the company's actual controllers [2]. Group 2: Company Background and Financials - Fangyuan Co., Ltd. was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on August 6, 2021, with an initial public offering of 80 million shares at a price of 4.58 yuan per share, raising a total of 366 million yuan [3]. - The company has raised a total of 1.008 billion yuan through two fundraising events since its listing [5]. - In 2024, the company reported a revenue of 2.161 billion yuan, a year-on-year increase of 2.81%, but a net loss of 427 million yuan, slightly improved from a loss of 455 million yuan in the previous year [5].