① Shareholder Xiubao, who holds 0.5071% of the shares, plans to reduce its holdings by no more than 698,000 shares within 6 months; ② As of February 5, 2024, the top ten shareholders will enter the new “Guojin Quantitative Selection A”; ③ The 2023 performance forecast shows that Chunguang Technology's net profit has declined significantly compared to the previous period.
Financial Services Association, April 18 (Reporter Chen Kang) Chunguang Technology (603657.SH) once again rose and stopped in early trading today, recording five consecutive markets. The company disclosed an announcement this evening that Dongfang Xiubao, which holds 0.5071% of its shares, plans to reduce all of its holdings.
The holdings reduction plan will be completed from April 25, 2024 to October 24, 2024. The holdings will be reduced by no more than 698,000 shares (0.5071% of the company's total share capital) at market prices through centralized bidding. These shares are derived from the company's implementation of the 2019 equity allocation of capital reserves to increase the share capital.
It is worth noting that as of February 5, 2024, Chunguang Technology's top ten shareholders had a new entrant, “Guojin Quantitative Select A”, with a shareholding ratio of 0.57%, ranking the tenth largest shareholder. The number of shares held by the ninth largest shareholder “Guojin Quantified Multi-Factor A” increased 8.37% month-on-month, while the remaining shareholders remained unchanged.
Up to now, the controlling shareholders, actual controllers and co-actors of the company have held a total of 909.781 million shares of the company, accounting for 66.10% of the company's total share capital.
Chunguang Technology mentioned in the “Stock Trading Risk Warning Notice” issued this evening that Fang Xiubao's holdings reduction may cause the company's stock price to fall.
The announcement also mentioned, “The company's current rolling price-earnings ratio and net price-earnings ratio are significantly higher than the industry average. According to the Securities Regulatory Commission's industry classification results issued by China Securities Index Co., Ltd., on April 17, 2024, the rolling price-earnings ratio of the 'C29 rubber and plastic products' industry was 23.50 and the net price-earnings ratio was 1.82; the company's rolling price-earnings ratio was 41.82, and the net price-earnings ratio was 2.52.”
According to the 2023 performance forecast disclosed by the company on January 31, net profit declined sharply from the same period last year. Net profit is expected to be 27.5 million yuan to 41.2 million yuan in 2023, a year-on-year decrease of 72.04% to 58.11%.
According to public information, Chunguang Technology is a national high-tech enterprise specializing in R&D, production and sales of clean electrical hoses, accessories and complete machines. It has six production bases: Jinhua Headquarters, Suzhou Kaihong, Suzhou Shangteng, Malaysia CGH, Vietnam CGH, and Vietnam's Suntone.
Since April 11, 2024, the cumulative increase and deviation value of the company's stock trading price has reached 62.56%. Today's closing price is 19.71 yuan/share, with a total market value of 2,713 billion yuan.