Halo Micro(SH:688173) Zhong Guo Jing Ji Wang·2025-12-08 06:49Core Viewpoint - The major shareholder of Xidi Micro (希荻微) plans to reduce its stake in the company to meet its funding needs, which may impact the stock price but is not expected to affect the company's governance or ongoing operations significantly [1][2]. Group 1: Shareholder Reduction Plan - Chongqing Weichun Enterprise Management Consulting Co., Ltd. intends to reduce its holdings by up to 12,369,421 shares, representing no more than 3.00% of the total share capital, over a period of three months starting 15 trading days after the announcement [1]. - The reduction will occur through centralized bidding and block trading, with a maximum of 4,123,140 shares (1.00% of total shares) through centralized bidding and 8,246,281 shares (2.00% of total shares) through block trading [1]. - The selling price will be determined based on market conditions, and adjustments will be made if there are any corporate actions affecting share capital during the reduction period [1]. Group 2: Historical Shareholding and Reduction Impact - Chongqing Weichun initially held 37,878,100 shares, accounting for 9.23% of the total share capital, and has cumulatively reduced its holdings by 803,120 shares, realizing approximately 10.7 million yuan [2]. - The company went public on January 21, 2022, with an initial public offering (IPO) of 40.01 million shares at a price of 33.57 yuan per share, raising a total of 1.343 billion yuan [3][4]. - The stock price peaked at 51.88 yuan on the first trading day but has since experienced a decline, currently trading below the IPO price [3]. Group 3: Use of IPO Proceeds - The net proceeds from the IPO amounted to 1.221 billion yuan, exceeding the initial plan by 640 million yuan, which was intended for various projects including R&D for power management chips and working capital [4]. - The total issuance costs were 122 million yuan, with underwriting and sponsorship fees accounting for 102 million yuan [4].