Shanxi Xinghuacun Fen Wine Factory (SH:600809) 中国基金报·2025-09-22 06:18Core Viewpoint - The article discusses the planned share reduction by Huachuang Xinrui, a major shareholder of Shanxi Fenjiu, which aims to reduce its stake by up to 1.33% due to fund expiration arrangements [2][5][7]. Summary by Sections Shareholder Reduction Plan - Huachuang Xinrui intends to reduce its holdings by no more than 16.2 million shares, representing a maximum of 1.33% of the total shares [6][5]. - The reduction will be executed through block trading and is scheduled to occur within three months following the disclosure of the plan [6][5]. Background on Shareholding - Huachuang Xinrui currently holds 128 million shares, accounting for 10.50% of Shanxi Fenjiu's total share capital [5]. - The shareholder structure indicates that China Resources Holdings owns 87.36% of Huachuang Xinjing, while the remaining 12.64% is held by the United Fund [5]. Historical Context - This is not the first reduction by Huachuang Xinjing; previously, it reduced its stake by 630,000 shares, which was 0.52% of the total shares, between December 2024 and February 2025 [8]. - The previous reduction was executed at prices ranging from 180.00 to 183.33 yuan per share, totaling 1.14 billion yuan [8]. Company Performance - Shanxi Fenjiu has seen a stock price increase of 12.40% year-to-date, with a current market capitalization of 244 billion yuan [3][11]. - The company reported a revenue of 360.11 billion yuan for 2024, marking a 12.79% year-on-year growth, and a net profit of 122.43 billion yuan, up 17.29% [11]. Strategic Partnership - The partnership between China Resources and Shanxi Fenjiu began in 2018, with China Resources acquiring a 11.45% stake for 5.16 billion yuan [10]. - The collaboration has led to significant operational improvements and revenue growth, particularly in expanding sales channels and modernizing management practices [10].