Core Viewpoint - Hongxing Co., Ltd. announced a share reduction plan involving major shareholders and senior management due to personal funding needs, which may impact the company's stock performance in the near term [1][2][3] Shareholder Reduction Plans - Major shareholders Zhou Dema, Ke Guomin, Guo Jingxuan, and their associates plan to reduce their holdings by up to 1,277,000 shares, representing 0.99% of the total share capital, between February 12 and May 11, 2026 [1] - The estimated total amount from this reduction is approximately 27.33 million yuan based on the last trading price of 21.40 yuan per share [1] - Senior management members Liu Genxiang and Cheng Shengxiang also plan to reduce their holdings by 31,960 shares (0.02%) and 47,348 shares (0.04%) respectively during the same period, with total estimated proceeds of about 1.70 million yuan [2] Current Shareholding Structure - As of the announcement date, major shareholders hold a total of 52,610,577 shares, accounting for 40.91% of the total share capital [1] - Liu Genxiang holds 127,840 shares (0.10%) and Cheng Shengxiang holds 189,392 shares (0.15%) [3] Financial Performance - For the first three quarters of 2025, the company reported revenue of 1.229 billion yuan, a year-on-year increase of 6.13%, but a significant net profit decline of 76.05% to 17.22 million yuan [3] - In 2024, the company achieved revenue of 1.775 billion yuan, an 11.18% increase, but net profit decreased by 7.88% to 80.27 million yuan [3] Company Background - Hongxing Co., Ltd. was listed on the Shenzhen Stock Exchange on July 23, 2021, with an initial public offering of 23.4865 million shares at a price of 29.88 yuan per share [4] - The total funds raised amounted to 702 million yuan, with a net amount of 641 million yuan after expenses, allocated for various projects including production and logistics [5]