Las acciones en caída: el director general de Juquan Technology planea reducir su participación; en 2022, la oferta pública superó en 9.8 mil millones de yuanes.

China Economic Net, Beijing, 26 March — Jiquan Technology (688391.SH) yesterday disclosed an announcement on part of its senior management personnel’s plan to reduce their shareholdings.

Due to personal funding needs, the company’s general manager, Zheng Wenchang, plans, from 6 May 2026 to 5 August 2026, under conditions that comply with the relevant laws and regulations for share reduction, to reduce the company’s shares by no more than 304,282 shares through centralized bidding or block trading. This will account for no more than 0.26% of the company’s total share capital, and will also not exceed 25% of the total number of the company shares held by him prior to the reduction. The reduction price will be determined based on the market price.

Based on Jiquan Technology’s closing price of 30.43 yuan on 25 March, the cash proceeds from this share reduction by Zheng Wenchang are approximately 9.2593 million yuan.

As of the date of disclosure of the announcement, Zheng Wenchang directly holds 1,217,130 shares of the company, representing 1.06% of the company’s total share capital. The sources of the above shares are shares obtained before the company’s initial public offering, shares obtained through the company’s capitalization of capital reserve into share capital, and shares obtained upon the vesting of equity incentives. All of the shares in this portion are currently freely tradable shares subject to no selling restrictions.

Jiquan Technology states that this share reduction plan is for senior management to meet their own funding needs, and it constitutes a normal share reduction behavior. It will not have a material impact on the company’s corporate governance structure or its ongoing operating conditions. During the implementation of the share reduction plan, the senior management personnel will decide whether to implement and how to implement this share reduction plan, as well as the quantity, time, and price of the reduction, according to market conditions, the company’s share price, and other circumstances; therefore, there is uncertainty regarding the amount to be reduced, the timing, and the price.

Jiquan Technology listed on the STAR Market of the Shanghai Stock Exchange on 13 September 2022. The issuance size was 14.40 million shares, accounting for 25% of the total share capital after issuance. All shares were publicly issued new shares, with no transfers of existing shares, and the offering price was 115.00 yuan per share. The sponsor (lead underwriter) for the company’s listing issuance is Guojin Securities Co., Ltd., and the sponsor representatives are Wu Cheng and Le Yi. This stock is currently in a state of trading below the issue price.

The total amount of funds raised by Jiquan Technology in its listing was 165,600.00 million yuan, and the actual net amount of raised funds was 149,237.03 million yuan, which is 98,128.40 million yuan more than the original plan. The prospectus disclosed by Jiquan Technology on 7 September 2022 shows that the company planned to raise 51,108.63 million yuan, to be used for the measurement chip R&D and industrialization projects of a dual-chip modular smart electricity meter, the management chip R&D and industrialization projects of a dual-chip modular smart electricity meter, the R&D and industrialization project of an intelligent power grid dual-mode communication SoC chip, and supplementing working capital.

The total issuance expenses for Jiquan Technology’s public offering of new shares were 16,362.97 million yuan (excluding value-added tax). Of this, Guojin Securities Co., Ltd. received underwriting and sponsorship fees of 13,548.00 million yuan.

In fiscal year 2025, Jiquan Technology achieved operating revenue of 53,866.86 million yuan, a year-on-year decrease of 8.99%; the net profit attributable to shareholders of the parent company was 4,286.70 million yuan, a year-on-year decrease of 54.20%; the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was 1,484.13 million yuan, a year-on-year decrease of 71.76%.

In 2024, the company achieved operating revenue of 592 million yuan, a year-on-year decrease of 1.85%; the net profit attributable to shareholders of listed companies was 93.59 million yuan, a year-on-year decrease of 28.79%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 52.55 million yuan, a year-on-year decrease of 42.00%; net cash flows from operating activities were 101 million yuan, an increase of 120.69% year on year.

In 2023, the company achieved operating revenue of 603 million yuan, a year-on-year decrease of 15.05%; the net profit attributable to shareholders of listed companies was 131 million yuan, a year-on-year decrease of 34.30%; the net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 90.59 million yuan, a year-on-year decrease of 52.19%; net cash flows from operating activities were 45.84 million yuan, a year-on-year decrease of 55.56%.

(Editor: Guan Jing)