AMEC(SH:688012) Sou Hu Cai Jing·2026-01-09 04:41Core Viewpoint - The major shareholder of Zhongwei Company, Xunxin (Shanghai) Investment Co., Ltd., plans to reduce its stake by up to 2% due to operational needs, marking its second reduction in six months [1][2]. Shareholder Reduction Plan - Xunxin Investment intends to reduce up to 12,522,906 shares, representing a maximum of 2% of the total share capital, through centralized bidding or block trading from January 30, 2026, to April 29, 2026 [2]. - The reduction will consist of up to 6,261,453 shares via centralized bidding and up to 6,261,453 shares through block trading [2]. - As of the announcement date, Xunxin holds 68,473,916 shares, accounting for 10.94% of the company, making it the second-largest shareholder [2]. Previous Reductions - This is the second reduction by Xunxin in six months; previously, it reduced 12,522,906 shares between September and November 2025 at prices ranging from 236.22 to 289.22 CNY per share [2]. - Xunxin's initial holding was 93,337,900 shares, which represented 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) during the same period for tax-related reasons [1][3]. - Yin's compensation for 2024 is reported at 14.85 million CNY, an increase from 9.778 million CNY the previous year [3]. Financial Performance - In the first three quarters of 2025, Zhongwei achieved revenue of 8.063 billion CNY, a year-on-year increase of approximately 46.40%, and a net profit of 1.211 billion CNY, up about 32.66% [3][4]. - Despite revenue and profit growth, the 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 increased from 6.482 billion CNY at the end of 2024 to 8.346 billion CNY by the end of the third quarter of 2025, indicating rising debt pressure [4].