Jinmo Technology announced that the stake reduction plan of its second-largest shareholder, Huayi Technology International, has expired. During the reduction period, Huayi sold 2.4711 million shares through competitive bidding at an average price of RMB 11.10 per share, for a total of approximately RMB 27.43 million. It also sold 6.041 million shares through block trades at an average price of RMB 8.78 per share, for a total of approximately RMB 53.04 million. In total, it reduced its stake by 8.5121 million shares, cashing out approximately RMB 80.47 million. After the reduction, Huayi still holds 22.3403 million shares of Jinmo Technology, representing 7.40 percent of the total share capital. Jinmo Technology had previously reported four consecutive years of losses in its adjusted net profit, but in the first quarter of 2026 it achieved revenue of RMB 89.7262 million, up 81.24 percent year-on-year, and an adjusted net profit of RMB 1.6121 million, up 118.38 percent year-on-year.
Tianjin Motimo Membrane TechSecond-largest shareholder cashed out RMB 80.47 million, signaling lack of confidence.
Huayi Technology International reduced its stake in Jinmo Technology, cashing out RMB 80.47 million.