Group 1 - The core point of the news is that shareholders of Qiaoguan Cable plan to reduce their holdings, which may impact market sentiment in the short term [1] - The controlling shareholder, Ningbo Beilun Thomas Investment Co., Ltd., intends to reduce its stake by 3.413 million shares (1.0518%) [1] - Another controlling shareholder, Ningbo Xingbang Investment Consulting Co., Ltd., plans to reduce its holdings by 2.7379 million shares (0.8438%) [1] - The management holding platform, Ningbo Beilun Mingbang Investment Consulting Co., Ltd., will reduce its stake by 338,700 shares (0.1044%) [1] - The total proposed reduction in shareholding is approximately 2.00% [1] Group 2 - As of February 11, 2026, Qiaoguan Cable's stock price is 9.46 yuan, with a recent 5-day decline of 5.49% and a 20-day decline of 6.43% [2] - The turnover rate for the stock is 0.96% [2] - During the same period, the Shanghai Composite Index increased by 0.09%, while the Shenzhen Component Index decreased by 0.35%, indicating that the company's stock performance is weaker than the market [2]