被证监会点名“股权高度集中”！国锐生活股价大跌超25%

Core Viewpoint - The stock price of Guorui Life (00108.HK) experienced a significant drop, falling by 25.43% to HKD 2.17 per share as of December 23, following concerns raised by the Hong Kong Securities and Futures Commission regarding the company's highly concentrated shareholding structure [2][4]. Group 1: Shareholding Structure - The Hong Kong Securities and Futures Commission revealed that as of December 9, 2025, ten shareholders and their associates collectively held 548 million shares, representing 17.02% of the company's issued share capital [4]. - A total of 430 million shares (13.36% of issued share capital) were held by shareholders who acquired shares directly or indirectly from Guorui International Investment (Hong Kong) Limited [4]. - The combined holdings of Mr. Wei and Mr. Sun, along with the aforementioned shareholders, account for 1.953 billion shares (60.66% of issued share capital), leading to a total of 91.04% of the company's shares being held by a small number of shareholders [4]. Group 2: Stock Performance and Market Reaction - Following a peak price of HKD 4.28 on December 8, 2025, Guorui Life's stock has seen a decline of over 49%, nearly halving in value [7]. - The company reported a revenue of approximately HKD 171 million for the first half of 2025, reflecting a year-on-year decrease of 4.2%, with a net profit attributable to shareholders of only HKD 2.091 million [7]. - Analysts suggest that the previous sharp increase in stock price may have been driven by short-term speculative trading, and the recent decline highlights concerns about the company's fundamental support [7].