套现或超5亿！领益智造实控人抛减持计划，正冲刺港股IPO

Core Viewpoint - The company Guangdong Lingyi iTech Limited (002600.SZ) announced a share reduction plan by its actual controller and chairman, Zeng Fangqin, amidst significant cash acquisitions and a dual listing strategy [2][3]. Group 1: Share Reduction Plan - Zeng Fangqin plans to reduce his holdings by up to 36 million shares, representing 0.49% of the company's total share capital, through block trading over three months starting from February 7, 2026 [3]. - The reason for the reduction is stated as "personal funding needs," with an estimated market value exceeding 500 million yuan based on the closing price of 16.51 yuan per share [3]. - The company emphasizes that this reduction will not affect its control or governance structure [3]. Group 2: Recent Acquisitions - The company has made a significant cash acquisition of 2.404 billion yuan to purchase 96.15% of Zhejiang Xianglong Machinery, which specializes in automotive parts [4]. - This acquisition marks a strategic shift from being a Tier 2 supplier to a Tier 1 supplier in the automotive industry, indicating the company's ambition to diversify beyond consumer electronics [4]. Group 3: Financial Performance and Debt Pressure - As of the end of Q3 2025, the company faced increased short-term borrowing, indicating potential short-term repayment pressures [5]. - The reduction in shareholding may reflect shareholder concerns regarding cash flow amidst rapid expansion [5]. Group 4: Dual Listing Strategy - The company is actively pursuing a dual listing, having submitted an application for H-share listing on the Hong Kong Stock Exchange, aiming to enhance its capital structure and support global expansion [6]. - The funds raised from the H-share listing are intended for overseas production bases, AI terminal development, and strategic investments [6]. - For the first three quarters of 2025, the company reported revenues of 37.59 billion yuan, a year-on-year increase of 19.25%, and a net profit of 1.941 billion yuan, up 37.66% [6].