Hong Sheng Hua Yuan announced that shareholder Guo Xin Jian Yuan Equity Investment Fund and CCB Financial Asset Investment, acting in concert, plan to sell up to 26.7516 million shares through centralized bidding between August 17 and November 16, 2026, representing 1% of total share capital. Previously, from March 20 to June 19, 2026, Guo Xin Jian Yuan had already sold 20.0636 million shares, cashing out approximately 108 million yuan, while CCB Investment sold 545,100 shares for about 3.3 million yuan. The company recently won preliminary bids for 32 State Grid packages worth around 745 million yuan, accounting for roughly 7.78% of its 2025 audited revenue. In 2025, net profit attributable to the parent was 371 million yuan, up 61.28% year-on-year, and overseas revenue reached 725 million yuan, surging 96.44%. As of the midday break on July 24, the stock traded at 4.10 yuan, down 6.18%, with a total market capitalization of 10.968 billion yuan. Based on this valuation, the planned share sale would cash out approximately 109 million yuan.
Hsino Tower Group Co., Ltd.Shareholder plans to sell another 1% stake, adding selling pressure.
As selling shareholder, it is cashing out significant amount.
As selling shareholder, it is cashing out significant amount.