粤海饲料持续承压，控股股东、实控人和高管拟组团减持

Core Viewpoint - The major shareholders of Guangdong Yuehai Feed (粤海饲料) have announced a share reduction plan, which reflects their personal financial needs and comes amid the company's declining financial performance over recent years [1][5]. Share Reduction Plan - The controlling shareholder, Zhanjiang Shrimp Feed Co., Ltd., along with the actual controller Zheng Shixuan and their concerted actions, plan to reduce their holdings by up to 20,906,294 shares from January 15 to April 14, 2026, accounting for 3.00% of the company's total shares after excluding shares in the repurchase account [1][2]. - The reduction will occur through block trades of up to 13,937,594 shares (2.00%) and centralized bidding of up to 6,968,700 shares (1.00%) [2][1]. - The share reduction is attributed to the shareholders' personal financial needs, with the shares being held since the company's initial public offering [1][5]. Management Share Reduction - The company's vice president and CFO, Lin Dongmei, and vice president Han Shulin, also plan to reduce their holdings by a maximum of 8,100 shares each through centralized bidding, totaling 16,200 shares, which represents 0.0023% of the total shares after excluding the repurchase account [3][4]. Financial Performance - The company's financial performance has been under pressure, with a significant decline in net profit: a 38.44% decrease in 2022, a 64.40% drop in 2023, and a projected loss of 307.55% in 2024, marking the first annual loss since its listing [5][7]. - However, there was a recovery in 2025, with a total revenue of 4.997 billion yuan in the first three quarters, reflecting a year-on-year growth of 12.18%, and a return to profitability with a net profit of 26.198 million yuan [7]. Regulatory Issues - The company has faced operational governance issues, including a fine of 250,000 yuan imposed by the Zhanjiang Ecological Environment Bureau for exceeding permissible emission limits of sulfur dioxide and nitrogen oxides [7]. Market Position - As of December 22, the company's stock closed at 8.28 yuan per share, with a total market capitalization of 5.8 billion yuan [7].