Core Viewpoint - Xunlong Holdings has shown significant stock performance with a year-to-date increase of 79.95%, despite a recent decline of 4.97% over the last five trading days [1] Company Overview - Xunlong Holdings, established on July 16, 1993, and listed on December 9, 1999, is located in Haikou, Hainan Province. The company specializes in the production and sales of non-woven fabric products and phosphate series products [1] - The main business revenue composition includes: 41.75% from water-jet products, 19.33% from trading and others, 14.82% from spunbond non-woven fabric, 12.66% from medical and healthcare, 10.76% from non-woven deep processing products, and 0.01% from hot-rolled and clothing products [1] Stock Performance - As of November 26, Xunlong Holdings' stock price reached 7.45 CNY per share, with a market capitalization of 4.011 billion CNY. The trading volume was 1.55 billion CNY, with a turnover rate of 3.93% [1] - The stock has experienced a net inflow of 5.6526 million CNY from main funds, with significant buying and selling activities recorded [1] Financial Performance - For the period from January to September 2025, Xunlong Holdings reported a revenue of 333 million CNY, a year-on-year decrease of 15.27%. However, the net profit attributable to shareholders was 230,300 CNY, reflecting a year-on-year increase of 101.66% [2] - The company has distributed a total of 6.15 million CNY in dividends since its A-share listing, with no dividends distributed in the last three years [2] Shareholder Information - As of November 20, the number of shareholders for Xunlong Holdings increased by 22.78% to 61,300, with an average of 8,771 circulating shares per shareholder, a decrease of 18.55% [2] - Notably, as of September 30, 2025, the top ten circulating shareholders included a new entrant, Nuoan Multi-Strategy Mixed A, holding 3.323 million shares [2]

Core Viewpoint - Hainan Zhuhua, the second-largest shareholder of Xinlong Holdings, plans to reduce its stake by up to 16,150,000 shares, representing 3% of the total share capital, due to business development needs, following a previous unimplemented reduction plan [1][2]. Shareholder Reduction Plan - Hainan Zhuhua currently holds 45,508,591 shares, accounting for 8.45% of Xinlong Holdings' total share capital [1]. - The planned reduction will occur within three months from December 1, 2025, to February 28, 2026, through centralized bidding and block trading [1]. - The estimated cash-out from this reduction could be approximately 108 million yuan, based on the current share price of 6.66 yuan per share [1]. Previous Reduction Attempts - Hainan Zhuhua had previously announced a reduction plan from April 18, 2025, to July 17, 2025, to sell up to 16,100,000 shares, which was not executed [2]. Legal Disputes - There is an ongoing legal dispute between Hainan Zhuhua and Xinlong Holdings, with Hainan Zhuhua suing for damages exceeding 20 million yuan due to alleged infringement of rights [3]. - The lawsuit claims that the former controlling shareholder, Guo Kaizhu, abused his position, causing losses to Hainan Zhuhua [3]. Financial Performance - Xinlong Holdings has reported continuous net profit losses from 2022 to 2024 [4]. - For the first three quarters of 2025, the company achieved total revenue of 333 million yuan, a year-on-year decrease of 15.27%, with a net profit attributable to shareholders of 230,300 yuan, marking a turnaround from previous losses [4]. - The non-recurring net profit showed a loss of 4.6 million yuan, an improvement from a loss of 19.07 million yuan in the same period last year [4].