Huazi Industrial's Second-Largest Shareholder Shitong Investment Plans to Cut 3% Stake, Potentially Cashing Out 143 Million Yuan

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Summary · why it matters

Huazi Industrial's second-largest shareholder, Shitong Investment, plans to reduce its stake by up to 3% of the company's total share capital due to its own production and operational needs. Shitong Investment intends to cut no more than 1% of total shares through centralized bidding and no more than 2% through block trades, totaling up to 14.54796 million shares. Based on the latest share price of 9.86 yuan, this reduction could cash out approximately 143 million yuan. As of the announcement date, Shitong Investment holds a 17.61% stake in the company, making it the second-largest shareholder. Huazi Industrial expects its net profit attributable to the parent company in the first half of 2026 to increase by 627.95% to 809.94% year-on-year, but the company's share price has still fallen by over 23% this year.

Impact on stocks 1

Others▼ · 1 stocks
Baotou Huazi Industry Co Ltd
600191
▼ NegativeCapitalrelevance

Second-largest shareholder plans to cut 3% stake, potentially cashing out 143 million yuan, signaling lack of confidence and increasing selling pressure.

Off-coverage companies 1

世通投资（山东）有限公司Private▼ Negative
Capitalrelevance

As the selling shareholder, Shitong Investment's stake reduction is driven by its own production and operational needs, indicating potential financial strain.

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