AMEC(SH:688012) Sou Hu Cai Jing·2026-01-09 04:18Core Viewpoint - The major shareholder of Zhongwei Company, Xunxin (Shanghai) Investment Co., Ltd., plans to reduce its stake by up to 2% between January 30, 2026, and April 29, 2026, due to operational management needs [1][2]. Shareholder Reduction Plan - Xunxin Investment intends to reduce its holdings by a maximum of 12,522,906 shares, which represents up to 2% of the total share capital [2]. - The reduction will occur through centralized bidding and block trading, with each method accounting for up to 6,261,453 shares [2]. - As of the announcement date, Xunxin Investment holds 68,473,916 shares, constituting 10.94% of the company, making it the second-largest shareholder [2]. Previous Reductions - This marks the second reduction by Xunxin Investment within six months; previously, it reduced its stake by 12,522,906 shares from September to November 2025, at prices ranging from 236.22 to 289.22 yuan per share [2]. - Xunxin Investment initially held 93,337,900 shares, representing 15.10% of the total share capital [2]. Executive Share Reduction - Concurrently, the chairman and general manager of Zhongwei, Yin Zhiyao, plans to reduce his holdings by up to 290,000 shares (0.046% of total share capital) for tax-related reasons [1][3]. - Yin Zhiyao's compensation for 2024 is reported at 14.85 million yuan, an increase from 9.778 million yuan in the previous year [3]. Financial Performance - For the first three quarters of 2025, Zhongwei achieved revenue of 8.063 billion yuan, a year-on-year increase of approximately 46.40%, and a net profit of 1.211 billion yuan, up about 32.66% [3]. - Despite revenue and profit growth, the net profit growth rate lagged behind revenue growth by 13.74 percentage points, indicating potential issues with cost control or profitability [4]. Debt Situation - The company's total liabilities have been increasing, with a total of 6.482 billion yuan at the end of 2024, rising to 8.346 billion yuan by the end of the third quarter of 2025, indicating increased debt pressure [4].