Tenglong Shares announced that its controlling shareholder, Tenglong Technology, sold 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 total proceeds of 143 million yuan. The company reported revenue of 812 million yuan and net profit attributable to the parent of 53.1 million yuan for the first quarter of 2026.
Changzhou Tenglong Auto PartsControlling shareholder sold 10.72 million shares for 143 million yuan, signaling potential lack of confidence or need for cash, which is negative for the stock.