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on september 30, a-shares opened higher, more than 5,000 stocks in the two cities rose, nearly 400 companies reached their daily limit, and the shanghai stock exchange index has returned to 3,300 points. a "daily economic news" reporter reviewed and found that the shanghai composite index "bottomed" during the session on september 18 and rebounded. it has risen significantly since september 24, with a surge of 20% in the past five trading days.

however, while a-shares are "rising", many listed companies have also successively disclosed announcements related to shareholder reductions. according to incomplete statistics from reporters, from september 26 to noon on september 30, more than 80 a-share companies have disclosed the results of recent shareholder reductions or future reduction plans. according to statistics, from september 26 to noon on september 30, 39 listed companies issued announcements on the results of shareholder reductions, and 3 companies issued announcements on shareholder reductions in convertible bonds. judging from the amount of shareholding reduction, tianjin junzheng venture capital partnership (limited partnership) (hereinafter referred to as "junzheng investment"), a shareholder holding more than 5% of dongpeng beverage's shares, has a higher amount of reduction, and the cumulative reduction of holdings has exceeded 960 million. yuan.

from september 26 to noon on september 30, 39 a-share companies disclosed plans to reduce shareholder holdings. among them, in companies such as haoyun technology, evergreen technology, and xingchen technology, several shareholders planned to "organize a group" to reduce their holdings. judging from the implementation time nodes of the above-mentioned 39 company shareholders’ proposed reductions, they are mainly concentrated from mid-to-late october this year to mid-to-late january next year.

shareholders of 42 companies have reduced their holdings, and some shareholders have terminated the reduction in advance.

"daily economic news" reporters incompletely counted the announcements of the three a-share markets (shanghai stock exchange, shenzhen stock exchange and beijing stock exchange) and found that as of noon on september 30, in the past five days, 39 companies had announced shareholder reductions. announcement of results. the entities that reduce holdings of these stocks include company shareholders, controlling shareholders, actual controllers, directors, senior executives, etc. these entities have generally announced plans to reduce their holdings before and have made reductions in recent days.

judging from the total amount of reduction, the entities that reduced their holdings by more than 100 million yuan include dongpeng beverage shareholder junzheng investment, shanjin international's major shareholder and director wang shui, and beidou star shareholder national integrated circuit industry investment fund co., ltd. (hereinafter referred to as " big fund"), dongfeng group shareholder dongjie holdings, pumen technology shareholder xiamen hanyu and other three shareholders.

according to dongpeng beverage’s announcement, junzheng investment reduced its holdings of the company’s shares by a total of 4.3645 million shares through bulk transactions and centralized bidding from july 25, 2024 to september 24, 2024, at an average price of 221.74 yuan/share. , with a cumulative amount of 968 million yuan. the shares reduced by junzheng investment are the shares acquired before the company's initial public offering, and the reason for the reduction is to meet its own capital needs.

shanjin international’s announcement shows that from july 9 to september 12 this year, the company’s major shareholder and director wang shui reduced his holdings of 51.8639 million shares through block transactions at an average price of 16.33 yuan/share; from july 10 to august 21 on the same day, through centralized bidding transactions, a total of 1.905 million shares were reduced at an average price of 18.14 yuan/share, and the above-mentioned reduction amount exceeded 880 million yuan.

image source: screenshot of shanjin international announcement

from july 30 to september 24, "big funds" also successively reduced their holdings of 8.8742 million shares of beidou star through centralized bidding or block trading, with a cumulative amount of approximately 196 million yuan; dongfeng group shareholder dongjie holdings has reduced its holdings since july from july 8 to september 24, a total of 139 million yuan of company shares were reduced; pumen technology’s shareholders xiamen hanyu, xiamen qiaochuan, and xiamen purong reduced their holdings by a total amount from july 22 to september 24. is 124 million yuan.

recently, many executives of xinjie energy and tianlong group have concentrated on reducing their holdings. among them, gu pengpeng, the director and executive of xinjie energy, and xiao dongge, lu hong, and li zongqing, the top executives, reduced their holdings and cashed out 7.572 million yuan, 4.977 million yuan, 2.62 million yuan, and 3.559 million yuan respectively; the deputy general manager of tianlong group wang na, director, deputy general manager and financial controller chen dongyang, director cai wei, and deputy general manager and board secretary wang jing also implemented reductions in holdings from july 16 to september 27.

in addition to listed companies with shareholders reducing their shareholdings, the controlling shareholders of shuiyang shares, yifeng pharmacy and their concerted actions, and the actual controller of rongsheng environmental protection also reduced their holdings of convertible corporate bonds.

however, a small number of shareholders of listed companies decided to terminate their shareholding reduction plan early at this "juncture" when the a-share market improved. for example: pumen technology's shareholders xiamen hanyu, xiamen qiaochuan, xiamen purong, director and deputy general manager li dawei and supervisor yang jun announced their decision to terminate the implementation of this share reduction plan in advance; director zhang degang of youfa group is also reducing its shareholdings. after holding 2.186 million shares, the shareholding reduction plan was terminated early; guangyunda's original controlling shareholder and actual controller hou ruohong terminated the shareholding reduction plan early without reducing the company's shares.

shareholders of nearly 40 companies have announced plans to reduce their holdings

as of noon on september 30, in the past five days, 39 a-share companies had announced plans to reduce shareholder holdings. judging from the number of shareholding reductions, hony (shanghai) equity investment fund center (limited partnership), the second largest shareholder of chengtou holdings, plans to reduce its holdings in a larger number of shares. it plans to reduce its holdings within 3 months after 15 trading days from the date of announcement. , reducing its holdings in the company to no more than 50.5915 million shares.

the reporter also noticed that from september 26 to the present, the time points for shareholders of listed companies who announced plans to reduce their shareholdings were concentrated between october 24, 2024 and january 27, 2025. most of the reasons for their shareholding reductions were based on their own funding needs, or the fund duration is about to expire, etc. most of the shares are obtained before ipo (initial public offering of stocks), and some are obtained through agreement transfer.

from the perspective of the entities reducing their holdings, the controlling shareholders of at least 7 listed companies, including zhangyue technology, dongfang precision, haoyun technology, xiangfenghua, vtr, hengmingda, and wufang optoelectronics, have announced plans to reduce their holdings.

in three companies, haoyun technology, evergreen technology, and xingchen technology, multiple shareholders "organized into groups" to reduce their holdings. on the evening of september 27, mao qingjiang, the controlling shareholder and actual controller of haoyun technology, announced that within 3 months after 15 trading days from the date of the announcement, he planned to reduce his holdings of the company’s shares by no more than 2.5952 million shares through centralized bidding, and to conduct block transactions. the number of shares held by mao qingjiang will not exceed 13.3556 million shares; mao qingjiang's concerted action person shanghai ah xing investment management co., ltd. - ah xing yan'an no. 7 private securities investment fund plans to reduce the number of shares held by the company by no more than 4.0823 million shares; executive xu biao plans to the reduction of holdings will not exceed 4.9657 million shares.

image source: screenshot of haoyun technology announcement

on september 27, two major shareholders of evergreen technology, two shareholders holding more than 5% of the shares, and three major shareholders acting in concert announced plans to reduce their holdings due to their own capital needs. the seven shareholders planned to reduce their holdings in total by no more than 12.291 million shares. on september 26, five senior executives of xingchen technology collectively announced a plan to reduce their holdings, including directors ma feng and lu aiqun, supervisor wu yongqiang, and executives bao jianghua and hao tiejun. the reason for their reductions was their personal capital needs. the five executives plan to reduce their holdings by no more than 2.555 million shares in total, and the sources of the reduced shares are all obtained before listing (including equity distribution and transfer of shares).

on the evening of september 30, as of press time, there are still many a-share companies that are successively issuing announcements on shareholder reduction plans, including wingtech technology, zhangyue technology, etc.

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