Core Viewpoint - The controlling shareholder of Taxfriend Co., Ltd. (税友股份) plans to reduce its stake in the company again, citing personal funding needs, following a previous reduction completed just two months ago [1][2]. Group 1: Shareholder Reduction Plans - The controlling shareholder, Ningbo Sichuang Investment Partnership, intends to reduce its holdings by up to 12.2 million shares, representing no more than 3% of the total share capital [1]. - Previously, in February, Ningbo Sichuang announced a plan to reduce its stake by up to 8.1353 million shares, which was completed two months later, amounting to approximately 352 million yuan [2]. Group 2: Company Performance - Taxfriend has experienced fluctuations in performance, with revenue and net profit declining over the past three years. Revenue figures were 1.605 billion yuan in 2021, 1.698 billion yuan in 2022, and 1.829 billion yuan in 2023, while net profit figures were 231 million yuan, 144 million yuan, and 83.39 million yuan respectively [3]. - In 2024, Taxfriend reported revenue of 1.945 billion yuan, a year-on-year increase of 6.38%, with net profit and net profit after deducting non-recurring gains and losses at 113 million yuan and 82.17 million yuan, reflecting growth rates of 35.01% and 35.65% respectively [3]. Group 3: Business Segments - The company's revenue from its smart tax business and digital government business reached 1.177 billion yuan and 763 million yuan respectively, with year-on-year growth rates of 8.46% and 3.37% [4]. - The gross profit margins for these segments were 72.04% and 29.12%, with slight changes of -1.82 and +0.26 percentage points year-on-year [4].