Core Viewpoint - The actual controller of Xuelong Group, He Cailin, plans to reduce his shareholding by up to 6,334,090 shares, representing 3.00% of the total shares, due to personal financial needs. The reduction will occur within three months after the announcement and will not affect the company's control or governance structure [1][3]. Shareholding Structure - As of the announcement date, He Cailin directly holds 27,820,660 shares, accounting for 13.18% of the total shares. His associates, He Pinyan and He Qunyan, hold 24,170,020 shares each (11.45% each). Hong Kong Green Source Holdings Limited holds 41,848,100 shares (19.82%), and Ningbo Weier Sai Investment Holdings Limited holds 31,471,440 shares (14.91%). Together, they hold 149,480,240 shares, representing 70.80% of the total shares [2]. Company Background - Xuelong Group was listed on the Shanghai Stock Exchange on March 10, 2020, with an initial issuance of 37.47 million shares at a price of 12.66 yuan per share. The total funds raised amounted to 474.37 million yuan, with a net amount of 431.51 million yuan allocated for various projects [4]. Financial Performance - In 2024, the company reported an operating income of 360 million yuan, a decrease of 6.26% year-on-year. The net profit attributable to shareholders was 60.41 million yuan, down 14.43%, while the net profit after deducting non-recurring gains and losses was 40.36 million yuan, a decrease of 21.31%. The net cash flow from operating activities was 80.70 million yuan, an increase of 2.07% [5][6]. Recent Developments - In the first quarter of 2025, the company reported an operating income of 104 million yuan, a year-on-year increase of 2.60%. The net profit attributable to shareholders was 17.77 million yuan, down 6.02%, while the net profit after deducting non-recurring gains and losses increased by 12.39% to 15.87 million yuan. The net cash flow from operating activities was -1.44 million yuan, an improvement from -3.29 million yuan in the previous year [7]. Future Plans - On April 29, 2025, Xuelong Group announced a plan to issue shares to specific investors, with a total fundraising amount not exceeding 203.37 million yuan. The funds will be used for the construction of an intelligent manufacturing base for energy-saving fan integrated systems [8].