Purit controlling shareholder Zhou Wen has pledged an additional 10 million shares as supplementary collateral, representing 2.24% of his holdings and 0.90% of the company's total share capital. The pledge was executed in two tranches, both starting on 20 July 2026, with maturity dates of 15 January 2027 and 29 January 2027 respectively. As of the announcement date, Zhou Wen's cumulative pledged shares reached 88.75 million, raising the proportion of his holdings pledged to 19.86% and accounting for 7.98% of total share capital. The company previously disclosed an earnings forecast, estimating net profit attributable to the parent company for the first half of 2026 at 80 million to 100 million yuan, a year-on-year decline of 51.76% to 61.41%, mainly due to rising crude oil prices driving up raw material costs and a lag in price pass-through. However, the new energy business turned profitable, with first-half revenue expected to grow over 30% year-on-year. As of the close on 21 July, Purit shares stood at 8.87 yuan, with the stock price down 44.27% year-to-date.
Shanghai Pret CompositesControlling shareholder pledges additional shares as collateral, indicating financial strain, and first-half net profit expected to drop over 50%.