Bestore’s second-largest shareholder, Davy Limited, reduced its stake by 11.9393 million shares between May 11 and July 16, 2026, cashing out 103 million yuan. The selling price ranged from 8.23 yuan to 11.13 yuan per share. Previously, Davy Limited had also sold 4.01 million shares between March 5 and June 4, 2025, cashing out 47.7439 million yuan. After the reduction, Davy Limited still holds 60.8868 million shares, remaining Bestore’s second-largest shareholder. Bestore recently released an earnings forecast, expecting net profit attributable to shareholders of 16 million to 24 million yuan for the first half of 2026, with non-recurring net profit of 9.5 million to 17.5 million yuan, turning losses into profits year-on-year, mainly driven by higher revenue and gross margins, product mix optimization, and improved management efficiency. As of the close on July 20, Bestore’s stock price stood at 8.79 yuan, with a total market capitalization of 3.498 billion yuan, down 23.30 percent year-to-date.
Bestore Co LtdSecond-largest shareholder Davy Limited reduced stake, cashing out 103 million yuan, signaling lack of confidence.