Dazhong Public Utilities announced that its controlling shareholder, Dazhong Enterprise Management, released the pledge on 62 million A-shares on August 7, 2026, accounting for 11.52% of its holdings and 2.10% of the company's total share capital. At the same time, it pledged 40 million A-shares, representing 7.43% of its holdings and 1.35% of the company's total share capital. As of the announcement date, Dazhong Enterprise Management had a cumulative pledged share count of 206 million shares, accounting for 38.27% of its total holdings. In the first quarter of 2026, Dazhong Public Utilities achieved revenue of 2.108 billion yuan and a net profit attributable to the parent company of 50.83 million yuan.
Shanghai DaZhong Public Utilities Group Co LtdControlling shareholder pledges additional shares, increasing leverage and potential risk.
