Core Viewpoint - Guolian Integrated Circuit, a major shareholder of Wentai Technology, plans to reduce its stake by up to 37.34 million shares, which is approximately 3% of the company's total share capital, potentially raising up to 1.6 billion yuan based on the closing price on November 5 [1][2] Group 1: Shareholder Actions - Guolian Integrated Circuit intends to sell up to 24.89 million shares through block trading and up to 12.44 million shares through centralized bidding, totaling a maximum of 37.34 million shares [1] - This is not the first time Guolian Integrated Circuit has reduced its stake in Wentai Technology; a previous plan was disclosed in June, aiming to reduce up to 3% of shares, but only about 0.9979% was completed [1] Group 2: Company Performance - Wentai Technology's semiconductor business has become the core of its profitability, with third-quarter revenue of 4.3 billion yuan, a year-on-year increase of 12.20%, and a gross margin of 34.56% [2] - The company reported total revenue of 4.43 billion yuan in the third quarter, a year-on-year decline of 77.38%, while net profit reached 1.04 billion yuan, a significant increase of 279.29% [2] - For the first three quarters, total revenue was 29.77 billion yuan, down 44% year-on-year, but net profit increased by 265.09% to 1.51 billion yuan, attributed to a deep restructuring of its business [2]