Group 1 - The core point of the article highlights that Heshun Technology (301237) is facing significant challenges post-IPO, with a notable decline in performance and a planned share reduction by a major shareholder [1][3]. - The shareholder, Yuanning Huixin, intends to reduce their stake by up to 2.3453 million shares, which represents no more than 3% of the total share capital after excluding shares in the repurchase account [1][3]. - Heshun Technology, a leader in the functional polyester film sector, has seen its net profit drop by 47.17% in 2022 compared to the previous year, and further plummet by 77.60% in 2023, with a projected loss of 35 to 48 million yuan for 2024 [3][4]. Group 2 - The company attributes its declining performance to changes in supply and demand dynamics, increased industry price competition, and rising management costs, which have all contributed to a decrease in gross profit margins [3]. - Since its IPO, Heshun Technology's stock price has also declined significantly, closing at 24.02 yuan per share on March 26, representing a drop of over 50% from its peak [4].