According to Oriental Finance News, on April 15, a netizen posted that "Chang Jing, the founder of Polar Stone Automobile, emptied social media".

@东方财经 search found that the social media accounts of Changjing, the founder of Polar Stone Automobile and Roborock, have no works, and as of press time, Changjing has 412,000 Douyin fans and 11,000 Weibo fans.

According to Red Star News, 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the co-founders of Roborock, reduced his holdings by 231,700 shares, and Shunwei Capital, a subsidiary of "Xiaomi", has withdrawn from the top ten shareholders after reducing his holdings.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%.

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." ”

Screenshot from Douyin APP

However, some investors did not buy the response. In the Roborock Technology Stock Bar, 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.

Source: CFP

Chang Jing, male, born in August 1982, is currently the chairman and director of Roborock, and the founder and chairman of Shanghai Luoke Intelligent Technology Co., Ltd.

In 2014, Chang Jing founded Roborock in Beijing and served as chairman and CEO. On February 21, 2020, Roborock successfully landed on the Science and Technology Innovation Board of the Shanghai Stock Exchange, becoming the first sweeping robot in the A-share market. On January 8, 2021, Shanghai Luoke Intelligent Technology Co., Ltd., the main body of Polar Stone Automobile, was established, and the legal representative is Changjing. On March 25, 2024, the Hurun Research Institute released the "2024 Hurun Global Rich List", and Changjing ranked 2573rd on the list with a wealth of 9.5 billion yuan; In July, he was selected into the 2024 Forbes China Best CEO List; In October, with a wealth of 10.5 billion yuan, it ranked 494th in the "2024 Hurun Report".

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[Source: Jiupai News Comprehensive Oriental Finance, Red Star News, public information, etc.].