Since the introduction of a series of policies on September 24, the A-share market has ushered in a sharp rise. With the positive expectations of the market, many listed companies have released shareholding reduction plans in a timely manner.

Flush iFinD shows that since October, with the latest announcement date as the statistical caliber, from October 1 to October 10, more than 90 A-share companies have issued shareholder reduction plans, of which the largest number is on October 9, with more than 40, and the number has changed significantly from the previous trading day.

Some shareholders threw out a plan to reduce their holdings of 100 million shares

Among the above more than 90 companies, according to the upper limit of the number of shares to be reduced according to the plan, according to the data of Flush iFinD, Wanlang Magnetic Plastic (603150. SH) and other companies have a large proportion of shareholders reducing their shareholdings, and Hui Optoelectronics (688538. SH), China Xidian (601179. SH) has the largest number of planned shareholdings to be reduced by the two shareholders, both reaching the level of 100 million shares.

A-share companies whose shareholders plan to reduce their holdings by 3% since October, according to Flush iFinD data

According to Wanlang Magneto's post-market announcement on October 8, due to its own capital needs, Anhui High-tech Jintong Anyi Phase II Venture Capital Fund (Limited Partnership) (hereinafter referred to as "Jintong Anyi") intends to reduce the company's shares by centralized bidding and block trading within 3 months after 15 trading days from the date of disclosure of the announcement, with a total reduction ratio of no more than 7.2 million shares, and the reduction ratio does not exceed 8.42% of the company's total share capital.

In addition, the two shareholders of Fersa Technology plan to reduce their holdings by no more than 5,090,200 shares, accounting for 6% of the total share capital, which is also a large proportion. According to the company's announcement, the reason for the reduction of natural person shareholders is the need for personal funds, and the reason for the reduction of institutional shareholders Wuhu High-tech Yida SME Venture Capital Fund (Limited Partnership) is their own business needs.

In terms of the number of shares, the planned reduction of the number of shares of Hehui Optoelectronics and China Xidian shareholders has reached the level of 100 million shares. According to the after-hours announcement of Hehui Optoelectronics on October 8, more than 5% of the company's non-largest shareholders Shanghai Integrated Circuit Industry Investment Fund Co., Ltd. and Shanghai Science and Technology Venture Capital (Group) Co., Ltd. are optimistic about the company's development, but due to their own operating capital needs, they plan to reduce the total number of shares of the company held by them through block transactions not exceeding 276.64 million shares, and the total reduction ratio does not exceed 2.00% of the company's total share capital. The above-mentioned reduction will be carried out within 3 months (October 30, 2024 to January 29, 2025) after 15 trading days from the date of disclosure of the announcement.

According to the after-hours announcement of China XD on September 30, more than 5% of the company's non-largest shareholder, GE SMALLWORLD (SINGAPORE) PTE LTD (General Electric Singapore), intends to reduce its holdings of the company's shares by no more than 153,776,500 shares, that is, no more than 3% of the company's total share capital, within three months after fifteen trading days from the date of the announcement, that is, between October 29, 2024 and January 28, 2025. The reason for the reduction is its own business development needs.

According to the category of shareholders who reduce their holdings, more than 150 shareholders of the above 90 companies plan to reduce their holdings, of which the number of general shareholders and other shareholders holding more than 5% of the shares accounts for about 60%, and the number of senior executives accounts for about 30%. In addition, some actual controllers or persons acting in concert with them plan to reduce their holdings, such as Tricolor Technology (603516. SH), Huati Technology (603679. SH), one of the actual controllers of Neway Co., Ltd. (603699. SH) is the person acting in concert with the actual controller, SHEMAR Power (603530.HK). SH), Mingpu Optomagnetic (002902. SZ), Huhua Co., Ltd. (003002. SZ).

There are shareholders who accurately "escape from the top" at a high level

According to the regulations, the actual shareholding reduction operation can generally be implemented after 15 trading days from the release of the plan, so most of the above-mentioned shareholders have not actually reduced their holdings. However, there are also shareholders who happened to have issued a shareholding reduction plan before, and Silver Persimmon Finance noticed that many of these shareholders just happened to "escape the top" at the recent high.

For example, it was disclosed that China Gold (600916. SH) less than 5% shareholder Suqian Hanbang Investment Management Co., Ltd. reduced its holdings of 16.8 million shares of China Gold through centralized bidding from September 24 to October 8, with a price range of 8.03~9.72 yuan per share, and a total amount of 152 million yuan. According to Straight Flush, China Gold's share price reached a recent high of 10.41 yuan per share on October 8.

Hangzhou Thermal Power Co., Ltd. (605011. SH) pre-IPO employee shareholding platforms Hangre No. 1, Hangre No. 2 and Hangre No. 3 reduced their holdings by a total of 10,855,200 shares through centralized bidding transactions from July 23 to October 8, with a reduction amount of 72.832 million yuan and a reduction price between 18 yuan per share and 23.62 yuan per share. According to Straight Flush, Hangzhou Thermal Power's share price reached a recent high of 26 yuan per share on October 8.

Anlu Technology(688107. SH) more than 5% of the non-largest shareholder Shenzhen Siqi Capital Information Technology Private Equity Venture Capital Enterprise (Limited Partnership) reduced its holdings by 1 million shares through centralized bidding transactions from October 8 to 9, with an average price of 30.15~33.19 yuan per share, and a total amount of 31.1545 million yuan. According to the flush, the share price of Anlu Technology has risen sharply since September 26, and after the limit on October 8, it came to the highest point of the range of 35 yuan / share on the 9th, and then fell back, closing at 25.44 yuan / share on October 11.

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