Core Viewpoint - The article discusses the recent share transfer of 5.08% of Hoshine Silicon Industry's shares from its controlling shareholder, Ningbo Hoshine Group, to Xiao Xiugan, highlighting the financial pressures faced by the group and the company's declining performance in the silicon industry [1][5][16]. Group 1: Share Transfer Details - Hoshine Group plans to transfer 5.08% of Hoshine Silicon's shares to Xiao Xiugan for a total price of 2.634 billion yuan, at a price of 43.90 yuan per share, which is nearly 10% lower than the closing price of 48.71 yuan on July 16 [1]. - After the transfer, Hoshine Group's shareholding will decrease from 46.24% to 41.16%, while Xiao Xiugan will become the fourth largest shareholder with 5.08% [2]. - Prior to the transaction, Hoshine Group and its concerted actions held a total of 78.59% of Hoshine Silicon's shares, which will drop to 73.51% post-transaction [2]. Group 2: Financial Pressures and Performance - Hoshine Group has indicated a need for funds, citing both personal financial requirements and the developmental needs of the listed company [5][6]. - The group has previously pledged shares to raise funds for debt repayment, with a total of 4.51 billion shares pledged, accounting for 48.52% of their holdings and 38.13% of Hoshine Silicon's total shares [8]. - Hoshine Silicon's performance has been declining, with an expected net loss of 300 million to 400 million yuan for the first half of 2025, a significant drop from previous profits due to weak downstream demand for industrial silicon [16]. Group 3: Company Background and Market Position - Hoshine Silicon, established in 2005 and listed in 2017, is a leading player in the silicon industry, being the only high-tech enterprise with capabilities across the entire silicon-based industrial chain [3][4]. - The company reached a peak stock price of 259.80 yuan per share in September 2021, with a market capitalization of 279 billion yuan, making the founding family extremely wealthy [4]. - Recent market conditions have led to a significant decline in silicon prices, impacting the company's profitability, which has seen a continuous drop in net profit over the past three years [16].