Core Viewpoint - Mingyang Electric (301291.SZ) announced a plan for share reduction by its shareholder Huahui Consulting, which intends to reduce up to 1,000,000 shares, representing no more than 0.32% of the total share capital [1] Group 1: Share Reduction Details - Huahui Consulting currently holds 10,504,240 shares, accounting for 3.36% of Mingyang Electric's total share capital [1] - The planned reduction will occur within three months after the announcement, using centralized bidding or block trading methods [1] - As of December 1, 2025, the share price was 41.89 yuan, estimating the reduction amount to be approximately 41.89 million yuan [1] Group 2: Historical Shareholding and Reduction - Huahui Consulting initially held 13,134,200 shares, which was 4.21% of the total share capital, and has cumulatively reduced 2.63 million shares since June 13, 2025, realizing about 10.4 million yuan [2][3] - The average reduction price during this period was 39.42 yuan per share [3] Group 3: IPO and Fundraising Information - Mingyang Electric was listed on the Shenzhen Stock Exchange's ChiNext on June 30, 2023, with an issuance of 78,050,000 shares at a price of 38.13 yuan per share [3] - The total funds raised amounted to approximately 297.60 million yuan, with a net amount of 276.68 million yuan after expenses, exceeding the original plan by 157.93 million yuan [3] - The total issuance costs were 20.93 million yuan, including underwriting fees of 18.74 million yuan [4]