Rakuten December 17

Nine Co., Ltd. (stock code: 689009, stock abbreviation: Nine Company) recently issued an announcement, which showed that Nine Company's shareholder Xiaomi's fund People Better reduced its stake in the company.

As of December 17, 2024, People Better has reduced its holdings of 7,365,673 depositary receipts through centralized auction trading and block trading, accounting for 1.03% of the company's total depositary receipts.

People Better reduced its holdings at an average price of 42 yuan to 57.78 yuan, cashing out 333 million yuan.

As of September 30, 2024, Hctech II L.P. held 7.2%, Putech Limited 6.48%, Cidwang Limited 6.41%, Xiaomi's People Better Limited 5.5%, and Sequoia's HSG GF Holdco III-A, Ltd 4.8%;

As of September 30, 2024, the equity of Nine Company

China Merchants Bank Co., Ltd.-ChinaAMC SSE STAR Market 50 Component Exchange-traded Open-ended Index Securities Investment Fund holds 4.31% of the shares, and Industrial and Commercial Bank of China Co., Ltd.-E Fund SSE STAR Market 50 Component Exchange-traded Open-ended Index Securities Investment Fund holds 3.29% of the shares;

People Better is underweight from September 18 to December 17, 2024.

Before this reduction, People Better held 6.03% of the shares, but after this reduction, the shareholding ratio fell to less than 5%, at 4.998%.

According to the financial report, Nine's revenue in the first three quarters of 2024 will be 10.9 billion yuan, a year-on-year increase of 44.9%; net profit was 970 million, an increase of 155.95% year-on-year; The net profit after deducting non-profits was 937 million yuan, a year-on-year increase of 169.52%.

As of today's close, the share price of Nine Company was 47.93 yuan, and the market value was 34.372 billion yuan.