Gotion High-Tech's wholly owned subsidiary Hefei Guoxuan sold 8.3995 million shares of Tongguan Copper Foil through centralized competitive bidding, with the transaction amount reaching 829 million yuan. Preliminary calculations show the profit from this transaction accounts for more than 10% of the company's audited net profit attributable to the parent in the most recent fiscal year. Hefei Guoxuan invested in Tongguan Copper Foil as a strategic investor in 2020 at a cost of about 4.73 yuan per share. The average selling price this time was about 98.72 yuan per share, yielding a return of 1,987.10%. After the reduction, Hefei Guoxuan still holds 10.5316 million shares of Tongguan Copper Foil, with its stake reduced to 1.27%. Tongguan Copper Foil's stock price surged in the first half of 2026 due to booming demand from AI computing infrastructure, with its market capitalization peaking at 165.8 billion yuan and first-quarter net profit attributable to the parent soaring 2,138.17% year-on-year.
Gotion High tech Co LtdGotion's subsidiary sold Tongguan Copper Foil shares for 829 million yuan, realizing a nearly 20-fold return, with profit exceeding 10% of net profit.
Anhui Tongguan Copper Foil Group Co. Ltd.Gotion's subsidiary sold a significant stake in Tongguan Copper Foil, reducing its holding to 1.27%, which may signal reduced strategic commitment.