（原标题：每经热评｜减持以"让渡市场参与机会" 同花顺董事长真的说错了吗？） 但易峥的说法真的完全错误吗？显然并非如此。按照规则减持股份，这是他的权利，并且在公告中完整 披露减持理由，相较于"个人资金需求"这类简单说辞，更具实际价值。事实上，易峥所持股份源于他之 前的增持，这与减持上市前持股有本质区别。从他的角度来看，2022年4月，他在公司股价最低迷的时 候增持了68.4万股，当时的"雪中送炭"所产生的正面影响，足以弥补他在股价大幅上涨时减持所造成的 负面影响。近一年来，同花顺股价累计涨幅超2.5倍，近几个交易日的成交量在1400万股左右，减持68.4 万股在市场可承受范围之内。在股价高位、成交量高的时候减持，显然比在其他时间减持要好，对市场 的冲击也会更小。还需注意的是，易峥表示，减持所得资金将"为后续市值管理创造更有利的空间"，当 同花顺股价再次面临困境时，若他动用资金再次增持，如此循环无疑更有利于维持股价稳定。 9月5日晚间，同花顺发布公告，董事长易峥计划减持不超过68.4万股公司股份。上市公司发布减持公告 是常见之事，同花顺的这份公告本身并无特别之处，但易峥在公告中展现出的"坦诚"却引发了广泛讨 论 ...

发布减持公告后仅数日，同花顺董事长易峥宣布提前终止该计划。 9月9日凌晨，同花顺发布《关于控股股东未减持公司股份并提前终止减持计划的公告》，称公司于6日发布公告《关于控股股东、持股5%以上股 东减持股份预披露的公告》，公司控股股东、实际控制人、董事长易峥拟减持公司股票不超过684,000股，占本公司总股本的0.13%。鉴于各种因 素，易峥决定提前终止本次减持计划。股东杭州凯士顺科技有限公司的减持计划不变。 9月5日晚间，同花顺宣布，易峥及持股5%以上股东凯士顺拟拟自本公告发布之日起15个交易日后的三个月内（2025年9月29日—2025年12月28 日），以集中竞价交易方式或大宗交易方式合计减持本公司股份合计不超过138.31万股，占公司总股本的0.26%。其中，易峥拟减持不超过68.4万 股，占总股本的0.13%；凯士顺拟减持不超过69.91万股，占总股本的0.13%。 针对易峥的减持，公告给出了多重解释，包括其"阶段性增持目标已圆满完成"，以及优化个人资源配置以"将更多精力聚焦于公司战略布局"。然 而，其中"通过适度减持，旨在让渡市场参与机会"的说法，因其在上市公司减持公告中极为少见而迅速引发市场关注和讨 ...

经济观察网 浙江核新同花顺网络信息股份有限公司于2025年9月9日发布公告称，公司控股股东、实际 控制人、董事长易峥决定提前终止减持计划，期间未减持任何公司股份。 公司表示，本次提前终止减持计划符合相关法律法规，不存在违反承诺或已披露计划的情形，也不会导 致公司控制权发生变更。目前公司经营状况稳定，未来发展规划清晰，将继续保持与投资者的密切沟 通。此外，股东杭州凯士顺科技有限公司的减持计划保持不变。 易峥原于2025年9月6日预披露拟减持不超过68.4万股，占总股本的0.13%，该部分股份系其于2022年4月 为稳定股价通过二级市场增持所获。截至公告披露日，易峥持股数量未发生变动，仍持有公司36.13% 的股份。自公司2009年上市近16年以来，易峥从未减持公司股票。 ...

同花顺公告，公司于2025年9月6日发布《关于控股股东、持股5%以上股东减持股份预披露的公告》，公司控股股东、实际控制 人、董事长易峥拟减持公司股票不超过684,000股，占本公司总股本的0.13%。 该部分股份系易峥于2022年4月28日，在行情持续走低、公司股价被严重低估的情况下，为稳定公司股价，通过二级市场增持取 得。鉴于各种因素，易峥决定提前终止本次减持计划。股东杭州凯士顺科技有限公司的减持计划不变。 ...

智通财经9月9日讯，同花顺深夜发布公告称，公司控股股东、实际控制人、董事长易峥决定提前终止减持计划。 今日凌晨，同花顺发布公告称，公司于2025年9月6日发布《关于控股股东、持股5%以上股东减持股份预披露的公告》，公司控股股 东、实际控制人、董事长易峥拟减持公司股票不超过684,000股，占本公司总股本的0.13%。该部分股份系易峥于2022年4月28日，在 行情持续走低、公司股价被严重低估的情况下，为稳定公司股价，通过二级市场增持取得。鉴于各种因素，易峥决定提前终止本次 减持计划。股东杭州凯士顺科技有限公司的减持计划不变。 9月5日晚间，同花顺曾发布《关于控股股东、持股5%以上股东减持股份预披露的公告》，公司控股股东、实际控制人、董事长易峥 及持股5%以上股东凯士顺拟自公告发布之日起15个交易日后的三个月内，以集中竞价或大宗交易方式合计减持公司股份不超过 138.31万股，占公司总股本的0.26%。易峥拟减持不超过68.4万股，占总股本的0.13%；凯士顺拟减持不超过69.91万股，占总股本的 0.13%。 减持原因是股东凯士顺为自身资金需要，易峥阶段性增持目标已完成，将通过减持优化个人资源配置，聚焦公司战 ...

同花顺公告，公司于2025年9月6日发布《关于控股股东、持股5%以上股东减持股份预披露的公告》， 公司控股股东、实际控制人、董事长易峥拟减持公司股票不超过684,000股，占本公司总股本的0.13%。 该部分股份系易峥于2022年4月28日，在行情持续走低、公司股价被严重低估的情况下，为稳定公司股 价，通过二级市场增持取得。鉴于各种因素，易峥决定提前终止本次减持计划。股东杭州凯士顺科技有 限公司的减持计划不变。 ...

浙江核新同花顺网络信息股份有限公司（以下简称"公司"）于 2025 年 9 月 6 日发布《关于控股股东、持股 5%以上股东减持股份预披露的公告》，公司控股 股东、实际控制人、董事长易峥先生拟减持公司股票不超过 684,000 股，占本公 司总股本的 0.13%。该部分股份系易峥先生于 2022 年 4 月 28 日，在行情持续走 低、公司股价被严重低估的情况下，为稳定公司股价，通过二级市场增持取得。 证券代码：300033 证券简称：同花顺 公告编号：2025-024 浙江核新同花顺网络信息股份有限公司 关于控股股东未减持公司股份并提前终止减持计划的公告 公司控股股东、实际控制人、董事长易峥先生保证向本公司提供的信息内 容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 1.自 2009 年 12 月 25 日公司上市至今近 16 年，实际控制人易峥先生从未减 持公司股份。 鉴于各种因素，易峥先生决定提前终止本次减持计划，并向公司出具了《关 于未减持公司股份并提前终止减持计划的告知函》。现将有关情况公告如下： 一、股东的基本情况 ...

Core Viewpoint - The chairman of Tonghuashun, with a market value of nearly 60 billion, has reduced his shareholding, which has sparked controversy among investors regarding the true intent behind the reduction [1][3]. Summary by Sections Shareholding Reduction - On September 6, Tonghuashun (300033.SZ) announced a pre-disclosure of shareholding reduction by its controlling shareholder and those holding more than 5% of shares, indicating a plan to reduce holdings by no more than 1.3831 million shares (0.26% of total shares) [1]. - The shares are valued at approximately 500 million yuan based on the closing price of 361.5 yuan per share on September 5, with the chairman, Yi Zheng, planning to cash out about 247 million yuan from the sale of 684,000 shares [1]. Purpose of Reduction - The announcement stated that Yi Zheng's goal of increasing his holdings has been achieved, and the reduction is a fulfillment of this established goal. The intention is to optimize personal resource allocation and focus more on the company's strategic layout and main business development [1]. - The reduction aims to provide market participation opportunities, enhance liquidity, and create a favorable environment for future market value management [1]. Investor Reactions - Some investors have questioned the phrase "letting go of opportunities," suggesting that the reduction is merely a high-level cash-out, with some humorously referring to it as a "high-level invitation to take over" [3]. - Yi Zheng's planned reduction of 684,000 shares comes from his previous increase in holdings, where he had acquired the same number of shares for approximately 50.09 million yuan, resulting in a paper profit of 198 million yuan and a return rate of 395% [3]. Shareholding Structure - After the reduction, Yi Zheng's shareholding will be 36%, and there will be no significant change in control [4]. - Tonghuashun was established in August 2001, with a registered capital of approximately 540 million yuan, and operates in the software and information technology services industry [4]. Previous Reductions - This is not Yi Zheng's first significant cash-out; a previous announcement on March 28, 2023, indicated a collective reduction of up to 45.5004 million shares (8.46% of total shares) by multiple executives, with a total intended cash-out of nearly 9 billion yuan at that time [6].

Core Viewpoint - The recent share reduction plan by Tonghuashun's controlling shareholder has led to significant market reactions, with a notable decline in the company's stock price and market capitalization [1][2]. Group 1: Share Reduction Details - On September 5, Tonghuashun disclosed a share reduction plan where the chairman, Yi Zheng, plans to reduce his holdings by 684,000 shares, while a related party will reduce 699,100 shares, totaling 1,383,100 shares, which represents 0.26% of the total share capital [1]. - Following the announcement, the company's stock price dropped by 6.22% on September 6, and by September 8, the cumulative decline over five trading days reached 13.54%, closing at 343.60 yuan, with a market value decrease of 37.4 billion yuan [1]. Group 2: Market Reaction and Investor Sentiment - Yi Zheng's reasoning for the share reduction, aimed at enhancing market liquidity and creating favorable conditions for future market value management, has sparked controversy among investors, with many perceiving it as a polite way to describe selling at high prices [2]. - Since the announcement, there has been a continuous outflow of major funds from the company, with a net outflow of 1.027 billion yuan on September 8 alone, and a total net outflow of 3.692 billion yuan over five days [4]. Group 3: Financial Performance - For the first half of 2025, Tonghuashun reported a revenue of 1.779 billion yuan, a year-on-year increase of 28.07%, and a net profit attributable to shareholders of 501 million yuan, up 38.29% [5][6]. - The company's total assets stood at 10.332 billion yuan, indicating a stable asset structure without signs of financial strain [5]. Group 4: Future Outlook - Yi Zheng characterized the share reduction as a "phase of cashing out" to facilitate future market value management, but the market is looking for further commitments to enhance company value [7].

Core Viewpoint - The chairman of Tonghuashun, with a market value of nearly 60 billion, has reduced his shareholding, which has sparked controversy among investors regarding the true intent behind the reduction [1][2]. Summary by Sections Shareholding Reduction - On September 6, Tonghuashun (300033.SZ) announced a pre-disclosure of share reduction by its controlling shareholder and those holding more than 5% of shares, indicating a plan to reduce up to 1.3831 million shares, accounting for 0.26% of the total share capital [1]. - Based on the closing price of 361.5 yuan per share on September 5, the value of the shares to be sold is approximately 500 million yuan, with the chairman, Yi Zheng, planning to cash out around 247 million yuan from the sale of 684,000 shares [1][2]. Purpose of Reduction - The announcement stated that the reduction is a fulfillment of Yi Zheng's previously set goals, which included stabilizing the stock price through low-level purchases. The reduction aims to optimize personal resource allocation and focus more on the company's strategic layout and main business development [1]. - The reduction is also intended to provide market participation opportunities, enhance liquidity, and create a favorable environment for future market value management [1]. Shareholding Structure - After the reduction, Yi Zheng's shareholding will be 36%, and there will be no significant change in control [3]. - Yi Zheng is the largest shareholder of Zhejiang Huxin Tonghuashun Network Information Co., Ltd., which was established in August 2001, with a registered capital of approximately 540 million yuan [3]. Historical Context - This is not the first time Yi Zheng has significantly reduced his holdings. In a previous announcement on March 28, 2023, the company indicated a collective reduction of up to 45.5004 million shares, representing 8.46% of the total share capital, with a potential total value of nearly 9 billion yuan at that time [5].