A-share investors in the Xiaomi ecological chain should pay attention! The "Xiaomi series" is going to reduce its holdings again. In just three days, 3 A-share listed companies were involved. The reasons for the reduction are all "due to capital needs".

The reporter of Securities Times E Company found that the performance of 2 of the 3 listed companies that were reduced by Xiaomi this time declined. There is also a star enterprise, which has been listed for just 4 years, and its net profit has achieved a big leap from less than 100 million yuan to nearly 1 billion yuan.

Dongyi Risheng: The floating loss of nearly 15 million yuan in 4 years of shareholding

On the evening of December 19, Dongyi Risheng (002713) announced that the company recently received the "Notice Letter on the Plan to Reduce the Company's Shares" issued by Xiaomi Technology (Wuhan) Co., Ltd. (hereinafter referred to as "Xiaomi Technology"), a shareholder of more than 5% of the company's shares, Xiaomi Technology intends to reduce its holdings of the company's shares by centralized bidding transactions not exceeding 4,195,400 shares, accounting for 1% of the total share capital of the listed company.

According to the announcement, the reason for the reduction of Xiaomi Technology this time is "due to capital needs". As of the announcement date, Xiaomi Technology held 21 million shares of Dongyi Risheng, accounting for 5.01% of the company's total share capital. After the completion of the reduction, the shareholding will be reduced to 4.01%.

Dongyi Risheng is a company engaged in the building decoration industry, which was listed on the Shenzhen Stock Exchange in February 2014. Xiaomi Technology's entry into Yi Risheng, a shareholder, needs to be traced back to 4 years ago.

In October 2020, the shareholders of Dongyi Risheng Holdings signed an equity transfer agreement with Xiaomi Technology, and the former, Beijing Dongyi Tianzheng Investment Co., Ltd., intends to transfer 21 million shares of the company held by it to Xiaomi Technology. The total transfer price of the transfer is 139 million yuan, and the unit price of the transfer is 6.62 yuan per share.

At the time of the equity transfer, Xiaomi Technology was registered in Wuhan, with a registered capital of 210 million yuan, and Lei Jun was the legal representative. At the same time, Lei Jun is also the executive director and general manager of the company. The purpose of Lei Jun's shareholding is to make a strategic investment based on the recognition of the business philosophy and development strategy of the listed company and the optimistic future development prospects of the listed company.

Dongyi Risheng pointed out in the announcement at the time that after the completion of this equity change, Xiaomi Technology will become the company's second largest shareholder (holding 5.01%), and the company will rely on the in-depth layout of Xiaomi Group, the parent company of Xiaomi Technology, in the field of intelligent IoT, and combine Dongyi Risheng's deep accumulation and digital capabilities in the field of home decoration to jointly explore the integration of AIoT IoT technology and smart home lifestyle, shape new intelligent scenes of family life for consumers, and enhance the new experience of home intelligence.

In recent years, affected by the downstream real estate industry, Dongyi, which is engaged in the building decoration industry, has not had a good time. According to the financial report data, from 2020 to 2023, the company's net profit attributable to the parent company will be 180 million yuan, 79.0892 million yuan, -744 million yuan and -208 million yuan respectively. In the first three quarters of 2024, the company's operating income was 1.134 billion yuan, a year-on-year decrease of 45.96%; Net profit attributable to the parent company was -581 million yuan, down 191.9% year-on-year.

In the past year, pledges, lawsuits, equity freezing, and judicial auctions have become high-frequency words in Dongyi Risheng's announcement. In November this year alone, part of the shares of the company's controlling shareholders have been auctioned by the judiciary for 4 times; The assets of the subsidiary have also been announced three times to be auctioned.

For example, according to the announcement on December 18, 16 million shares of listed companies held by the controlling shareholders of Dongyi Risheng are planned to be auctioned by the judiciary, accounting for 12.62% of the company's shares and 3.81% of the company's total share capital.

Since 2020, Dongyi Risheng has not paid dividends, nor has it been transferred highly. As of December 19, 2024, Dongyi Risheng closed at 5.93 yuan per share. In other words, in the past 4 years since Xiaomi Technology became a shareholder, it currently has a floating loss of 0.69 yuan per share. The total floating loss is about 14.49 million yuan.

Diao Micro: After listing, the performance has changed

On December 17, Diao Micro (688381) announced that Hubei Xiaomi Yangtze River Industry Fund Partnership (hereinafter referred to as "Xiaomi Fund") and Guotai Integrated Circuit Development Co., Ltd. planned to transfer 3.2 million shares through inquiry transfer, accounting for 1.29% of the company's total share capital. Among them, Xiaomi Fund transferred 1.9 million shares, accounting for 0.77% of the company's total share capital. The reduction price was 17.73 yuan per share, and the amount of the reduction was about 33.687 million yuan.

The reasons for the reduction are all "their own capital needs". After the completion of the reduction, Xiaomi Fund holds 12.2938 million shares of Diao Micro, accounting for 4.97% of the total share capital of the listed company from 5.63%.

Xiaomi Fund was established in 2017 and has more than 10% of its partners, including Zhuhai Xingge Capital Investment Co., Ltd., Xiaomi Technology Co., Ltd., Hubei Yangtze River Industrial Investment Fund Partnership (Limited Partnership), etc. The executive partner is Hubei Xiaomi Yangtze River Industry Fund Partnership (Limited Partnership).

Diao Micro is a company focusing on the field of analog chips, mainly engaged in signal chain analog chips and power management analog chips, which are widely used in many high-tech fields, such as smart phones, computers, automobiles, servers, smart wearables, smart homes, smart lighting and communication equipment. It has a close cooperative relationship with downstream manufacturers such as Xiaomi and OPPO, and the company will be listed in August 2022.

In recent years, Diaowei's performance has shown a rollercoaster trend. From 2020 to 2023, the company's net profit will be 40.8071 million yuan, 165 million yuan, 174 million yuan, and 15.3938 million yuan respectively. In the first three quarters of this year, the company's revenue was 410 million yuan, a year-on-year increase of 38.61%; The net profit attributable to the parent company was 18.3314 million yuan, a year-on-year decrease of 44.59%.

No. 9 Company: 330 million yuan was sold

On December 18, No. 9 Company (689009) announced that the company recently received a notification letter issued by People Better Limited, the holder of the company's depositary receipts, that from September 18 to December 17, 2024, People Better reduced its holdings of 7.3657 million depositary receipts, with a reduction amount of 333 million yuan. The reason for the reduction is "its own capital needs".

After the completion of the reduction, People Better's holdings of the company's depositary receipts will be reduced to 35,840,700, accounting for 4.998% of the company's total depositary receipts from the previous 6.03%.

Who is People Better? According to the IPO prospectus of Nine Company, Xiaomi Group holds 10.91% of the equity of the issuer through People Better, which it controls, corresponding to 5.08% of the voting rights, and Shunwei, a related party of People Better, holds 10.91% of the equity of the issuer, corresponding to 5.08% of the voting rights, but Shunwei and People Better do not constitute a concerted action relationship.

Nine Company is mainly engaged in electric balance vehicles, electric two-wheeled vehicles, etc. It is also an important member of the Xiaomi ecological chain. According to the opening prospectus, as one of the company's important customers, from 2017 to 2019, the related sales amounts of Nine Company and Xiaomi Group were 1.019 billion yuan, 2.434 billion yuan and 2.399 billion yuan respectively, accounting for 73.76%, 57.31% and 52.33% of the current operating income respectively.

Different from the above-mentioned Dongyi Risheng and Diao Wei, the performance of No. 9 Company has gradually increased since it was listed in 2020.

According to the financial report, from 2020 to 2023, the net profit attributable to the parent company of No. 9 Company will be 73.4731 million yuan, 411 million yuan, 451 million yuan, and 598 million yuan respectively, and in the first three quarters of 2024, the company's revenue will be 10.905 billion yuan, a year-on-year increase of 44.90%; The net profit attributable to the parent company was 970 million yuan, a year-on-year increase of 155.95%.