Mei Ri Jing Ji Xin Wen·2026-01-08 04:24Core Viewpoint - The reduction plan announced by Liu Jianwei, the actual controller of Heertai, has caused stock price fluctuations, primarily aimed at alleviating debt pressure due to a high pledge ratio of over 55% [1][2][3] Group 1: Shareholding and Reduction Plan - Liu Jianwei plans to reduce his shareholding by up to 18,417,800 shares, accounting for no more than 2% of the company's total share capital, from January 28 to April 27, 2026 [2][3] - As of the announcement, Liu Jianwei holds approximately 139 million shares, representing 15.06% of the company's total share capital [2][3] - The reduction is intended to repay pledged financing debts and meet personal funding needs, with a total of 76.76 million shares pledged, exceeding 55% of his holdings [3][5] Group 2: Financial Performance and Market Reaction - Heertai's stock price fell by 4.69% on the first trading day following the reduction announcement, closing at 38.80 yuan, with a market capitalization of approximately 35.88 billion yuan [5] - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with revenue of 8.27 billion yuan (up 17.47%) and net profit of 603 million yuan (up 69.66%) [8] - Heertai's investment in the chip company Moer Thread is noteworthy, with shares valued at over 2.5 billion yuan, contributing positively to its financial standing [8][9] Group 3: Corporate Structure and Management - Heertai's management structure is clearly defined, with Liu Jianwei overseeing financial, investment, and human resources, while the executive president, Qin Hongwu, manages the implementation of strategies and operational goals [9]