On December 23, Gelonghui reported that according to China Merchants Research Reports, the shareholding reduction ratio of Shengke Communication (688702.SH) by the large Fund is relatively low. The company's largest shareholder and its concerted parties, Zhongxin Zhihua, China Electronics, and Zhongdian Jinlou, hold shares for the long term (current shareholding ratio is 30.14%), fully demonstrating their high confidence in the company's long-term development. The company is a rare domestic leader in Ethernet Switch Chips, continuously benefiting from the development of Ethernet, with core products steadily advancing. It is estimated that the company's net income attributable to the parent company will be -0.082 billion yuan, 0.037 billion yuan, and 0.246 billion yuan for 2024, 2025, and 2026 respectively, maintaining a "Shareholding" rating.