粤海饲料上市后连续三年业绩下滑，控股股东和高管同时发布减持计划

Core Viewpoint - The company, Guangdong Marine Feed, has experienced a decline in performance for three consecutive years since its listing, with a stock price drop exceeding 10% this year, despite completing a share buyback plan in January [1][7]. Group 1: Shareholder and Management Actions - The controlling shareholder and executives of Guangdong Marine Feed have announced plans to reduce their holdings, with a total of up to 20.91 million shares (2.99% of total shares) set to be sold between January 15 and April 14, 2026 [1][3]. - The controlling shareholder, Zhanjiang Shrimp Feed Co., Ltd., plans to sell 10,437,594 shares through block trading and 6,702,800 shares through centralized bidding, while the actual controller, Zheng Shixuan, plans to sell 265,900 shares [2][3]. - Following the announcement of the share reduction, the company's stock price fell by 6.64%, closing at 7.73 yuan, with a market capitalization of 5.411 billion yuan [4]. Group 2: Financial Performance - Guangdong Marine Feed's revenue from 2021 to 2024 showed fluctuations, with figures of 6.725 billion yuan, 7.092 billion yuan, 6.872 billion yuan, and 5.912 billion yuan respectively, while net profits declined from 188 million yuan to a loss of 853.92 million yuan in 2024 [7]. - The company reported a net profit of 26.198 million yuan in the first three quarters of this year, indicating a turnaround from previous losses [7]. - The company completed a share buyback of 10.6 million shares in January 2024, with a total transaction amount of approximately 68.29 million yuan, reflecting a profit margin of about 14% compared to the current share price [6]. Group 3: Management Compensation - In 2024, the total pre-tax compensation for Zheng Shixuan, Lin Dongmei, and Han Shulin exceeded 1.5 million yuan, with individual amounts of 767,100 yuan, 384,700 yuan, and 424,500 yuan respectively [4].