Tefa Service: Shareholder Longxin Construction plans to reduce holdings by no more than 5.07 million shares

Radar Finance | Written by Yang Yang | Edited by Li Yihui

On March 6th, Shenzhen Tefa Services Co., Ltd. (Stock abbreviation: Tefa Services, Stock code: 300917) announced that its shareholder Longxin Construction Group Co., Ltd. plans to reduce its holdings in the company. Longxin Construction owns 6,249,000 shares, accounting for 3.70% of the total share capital. The reduction will be conducted through centralized bidding and block trading, with a planned reduction of no more than 5,070,000 shares (3% of the company’s total share capital), from March 30, 2026, to June 29, 2026.

The reason for the reduction is due to the shareholder’s own capital planning needs, and the shares involved are obtained through judicial auctions. According to the announcement, this reduction plan complies with relevant laws and regulations and is not expected to have a significant impact on the company’s governance structure, equity structure, or future operations.

Tianyancha data shows that Tefa Services was established on May 31, 1993, with a registered capital of 169 million RMB. The legal representative is Chen Baojie, and the registered address is 5th Floor, Tefa Cultural and Creative Plaza, No. 1010 Qiaoxiang Road, Xiangmi Lake Street, Futian District, Shenzhen. Its main business includes comprehensive property management services, government affairs services, and value-added services.

Currently, the company’s chairman is Chen Baojie, the secretary of the board is Ren Junfei, with 10,904 employees. The actual controller is the Shenzhen Municipal State-owned Assets Supervision and Administration Commission.

The company has stakes in 19 subsidiaries, including Shenzhen Tefa Property Asset Management Co., Ltd., Shenzhen Tefa Teli Property Management Co., Ltd., Shenzhen Tefa Catering Management Co., Ltd., Shenzhen Tefa Business Co., Ltd., Shenzhen Tefa Building Technology Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 2.006 billion RMB, 2.448 billion RMB, and 2.864 billion RMB, respectively, with year-on-year growth rates of 18.60%, 22.04%, and 17.00%. Net profit attributable to the parent was 114 million RMB, 120 million RMB, and 122 million RMB, with year-on-year growth rates of 1.46%, 5.30%, and 1.24%. During the same period, the company’s asset-liability ratio was 37.09%, 37.08%, and 37.76%.

Regarding risks, Tianyancha data shows the company has 39 internal Tianyan risks, 154 surrounding risks, 97 historical risks, and 429 warning alerts.