Tenglong Shares' controlling shareholder, Tenglong Technology, reduced its holdings by a total of 10.72 million shares through centralized bidding and block trades between May 21 and July 27, 2026, accounting for 2.19% of the company's total share capital, with a total reduction amount of 143 million yuan. After this equity change, Tenglong Technology's shareholding ratio dropped from 27.26% to 25.07%. The company had previously announced that the controlling shareholder planned to reduce its holdings by no more than 3% of the total share capital due to its own capital needs. Tenglong Shares listed in March 2015, and its stock price fluctuated in the range of 5 to 15 yuan for a long time. On June 5 this year, it hit an 11-year high of 17.04 yuan during intraday trading before quickly retreating, closing at 8.94 yuan on July 27, with a year-to-date decline of 15%. The company's 2025 revenue was 4.173 billion yuan, up 9.43% year-on-year, but net profit attributable to the parent was 51.8968 million yuan, down 79.23% year-on-year. In the first quarter of 2026, revenue was 812 million yuan, down 6.02% year-on-year, while net profit attributable to the parent was 53.0983 million yuan, up 17.27% year-on-year.
Changzhou Tenglong Auto PartsControlling shareholder reduced holdings by 10.72 million shares for 143 million yuan, signaling insider selling and potential lack of confidence.