601689，实控人套现8.8亿

Core Viewpoint - The article discusses the recent share reduction by major shareholders of Top Group, marking the first time since its listing that the actual controller has sold shares, coinciding with a peak in stock price and significant cashing out amounting to approximately 880 million yuan [3][5][11]. Group 1: Shareholder Actions - Four major shareholders, including Wu Jianshu and Wu Haonian, reduced their holdings by 13.43 million shares from August 29 to September 10, totaling approximately 880 million yuan [3][6][9]. - This reduction represents 0.7728% of the company's shares, with the shareholders being considered as acting in concert due to their relationships [6][8]. - The average selling price during the reduction period was around 66 yuan, with the stock price experiencing a significant increase of about 70% over the last two months [7][12]. Group 2: Company Performance - Top Group's revenue and net profit have seen substantial growth over the past few years, with revenue increasing from 6.51 billion yuan in 2020 to 26.6 billion yuan in 2024, and net profit rising from 628 million yuan to 3 billion yuan during the same period [4][16]. - However, in the first half of this year, the company reported a decline in net profit by 13.84%, with revenue growth slowing to 5.83% [4][17]. - The company's involvement in the rapidly growing electric vehicle market and its recent foray into humanoid robotics have been key drivers of its previous success, although the robotics segment currently contributes less than 0.1% to total revenue [17][18]. Group 3: Market Context - The stock price of Top Group has increased over tenfold in less than six years, driven by the booming electric vehicle market and partnerships with major automotive companies [4][16]. - The stock reached a peak of 137 yuan in July 2022, followed by a significant decline, but has since rebounded, reaching a recent high of 73.37 yuan [12][13]. - The company aims to leverage its expertise in electric drive systems to capture a larger share of the robotics market, which is projected to be a trillion-yuan industry [18].