“葛卫东”，减持

Core Viewpoint - The recent announcements from Magmi Tech indicate significant changes in shareholder composition, particularly the reduction of shares held by associated parties of Ge Weidong, which may impact the company's stock performance and investor sentiment [1][2]. Shareholder Changes - As of January 26, Ge Weidong's associate, Ge Guilian, has exited the top ten shareholders list after reducing her holdings by at least 760,000 shares since the beginning of the year [1][2]. - Ge Guilian held 606.76 million shares as of the end of 2025, while another associate, Wang Ping, maintained her holdings at 11.49 million shares, unchanged from the previous year [2][3]. Stock Performance - Magmi Tech's stock price has seen a dramatic increase, rising from below 18 yuan at the beginning of 2024 to over 140 yuan recently, marking a peak increase of over six times [1][7]. - However, the stock has experienced a decline of over 15% since January 29, indicating volatility in the market [7]. Financial Performance - The company has projected a net profit of 120 million to 150 million yuan for 2025, representing a year-on-year decline of 65.61% to 72.48% due to increased cost pressures and rising operational expenses [9]. - The decrease in gross margin is attributed to the company's extensive product lines and the cost pressures faced as a component supplier [9]. AI Business Outlook - Magmi Tech has begun receiving small batch orders for AI server power supplies, which are expected to contribute significantly to revenue as production scales up [10]. - Despite recent market fluctuations, the AI sector remains a key investment focus, with expectations for continued growth in technology and new productivity sectors [10][11].