Red Star Capital Bureau reported on April 13 that recently, Roborock (688169. SH) 2024 results report disclosed that 4 of the top 10 shareholders reduced their holdings. Among them, Mao Guohua, one of the co-founders of Roborock, reduced his holdings by 231,700 shares, and Shunwei Capital, a subsidiary of "Xiaomi", has withdrawn from the top ten shareholders after reducing his holdings.

In December last year, "Chang Jing, chairman of Roborock, cashed out nearly 900 million yuan but advised investors to be patient" related topics were on the hot search. After the incident, Chang Jing's Douyin account did not update the video. At that time, Roborock's share price was around 220 yuan per share. As of the close of trading on April 11, Roborock fell 2.15% to 190.8 yuan per share, and the stock price has fallen by about 13%.

In 2024, 4 major shareholders will reduce their holdings in Roborock

Shunwei Capital has withdrawn from the top 10 shareholders

Roborock's 2024 annual report shows that during the reporting period, the company achieved operating income of 11.945 billion yuan, a year-on-year increase of 38.03%.

This is the first time that Roborock's revenue has exceeded 10 billion yuan, but it is also facing the situation of increasing revenue but not increasing profits.

According to the financial report, Roborock's net profit attributable to shareholders of the parent company was 1.977 billion yuan, a year-on-year decrease of 3.64%; The net profit after deducting non-attributable to the parent company was 1.62 billion yuan, a year-on-year decrease of 11.26%.

In addition to the financial data, the news of the major shareholders reducing their holdings of Roborock shares disclosed in the annual report has also attracted market attention.

As of December 31, 2024, 4 of the top 10 shareholders of Roborock have reduced their holdings. Hong Kong Securities Clearing Co., Ltd. reduced its holdings by 1.48 million shares, reducing its shareholding to 3.52% from 6.07% at the end of 2023. The number of shares held by Tianjin Stone Age Enterprise Management Consulting Partnership (Limited Partnership) decreased by 200,000 shares, and the shareholding ratio decreased from 1.95% at the end of 2023 to 1.28%. The number of shares held by Tianjin Jinmi Investment Partnership (Limited Partnership) decreased by 480,000 shares, and the shareholding ratio decreased to 2.93% from 4.49% at the end of 2023.

Mao Guohua, one of the co-founders of Roborock, reduced his shareholding by 470,000 shares, and his shareholding ratio decreased from 2.04% at the end of 2023 to 1.20%.

Screenshot from Roborock's 2024 annual report

In addition, Shunwei Capital, a subsidiary of "Xiaomi", has withdrawn from the top ten shareholders after reducing its holdings. At the end of September 2024, Shunwei Capital was still in the list of the top ten shareholders of Roborock, holding 5,312,900 shares, accounting for 2.88% of the total share capital.

Shunwei Capital is one of the early investors of Roborock and has been a major shareholder of Roborock since 2016.

Chairman Chang Jing once advised investors to be patient

In the fourth quarter, there were still major shareholders who reduced their holdings

In December last year, the news that "Chang Jing, chairman of Roborock, cashed out nearly 900 million yuan but advised investors to be patient" was on the hot search.

On October 18, 2024, Roborock's highest intraday stock price was 333.5 yuan per share, standing at the high level of the year. At the end of October of the same year, Roborock released its third quarter report for 2024, handing over a "report card" with a year-on-year decline of 43.40% in net profit attributable to the parent company. On the day of the earnings release, Roborock's stock price fell by 14.8%, and the stock price has been declining since then.

In November 2024, Changjing posted a number of videos on the Douyin platform to participate in the "desert off-road" car event, but it attracted the dissatisfaction of some Roborock investors, who thought that Changjing was a little "not doing his job". In the comment area of its Douyin, some netizens left a message, saying, "Recently, the stock price of Roborock has fallen, and I hope that Chang can pay attention to it, strengthen the company's market value management expectations and enhance investor confidence." ”

At that time, Chang Jing responded to investor comments in a video, saying that he hoped that investors who held Roborock shares could be patient, "Now is a period of strategic transformation and a period of pain, which will inevitably bring about some changes in the company, which are for the long-term development in the future." ”

However, some investors did not buy the response. An investor posted that "Changjing cashed out 900 million but advised investors to be patient", and then the topic appeared on the hot search.

At that time, the secretary of the board of directors of Roborock replied to the Red Star Capital Bureau that some investors may be affected by the recent fluctuations in the company's stock price, and there is also a misunderstanding of the interpretation of this sentence due to different personal investment styles.

Looking back now, while Chang Jing advised investors to be patient, some of Roborock's major shareholders were also reducing their shareholdings.

In the fourth quarter of 2024, there will be Hong Kong Securities Clearing Co., Ltd., China Merchants Bank Co., Ltd. - ChinaAMC SSE Science and Technology Innovation Board 50 Component Exchange-traded Open-ended Index Securities Investment Fund, Mao Guohua and Shunwei Capital Reduction.

The Red Star Capital Bureau noticed that since the hot search incident last year, Changjing's Douyin account has not updated the video.

Red Star News reporter Qiang Ya Milling