Guqi Rongcai announced on October 9 that shareholder Anhui Agricultural Fund has completed its reduction plan, lowering its stake from 6.90% to 6.00%. Between September 2 and September 30, 2026, Anhui Agricultural Fund sold a total of 1.8 million shares through centralized bidding, representing 0.9% of the company's total share capital, at prices ranging from 16.89 yuan to 18.14 yuan per share, reducing its holdings from 13.8 million shares to 12 million shares. The company stated that this reduction will not lead to a change in control, nor will it affect the governance structure or ongoing operations. On the same day, the company disclosed that its buyback plan has been completed, with a cumulative repurchase of 1.2 million shares as of October 8, accounting for 0.6% of total share capital, at a total cost of approximately 21.32 million yuan. In addition, Beijing Urban Construction Phase I and Wuhu Jingcheng Phase II reduced their holdings by a combined 1.9001 million shares from September 7 to September 21, representing 0.95% of total share capital. Director Weng Mulin has sold shares multiple times since his first reduction on August 26, 2026, most recently selling 50,000 shares on September 24 at an average price of 18.02 yuan per share. Guqi Rongcai specializes in high-specification down products. In the first half of 2026, it achieved revenue of 564 million yuan, up 5.07% year on year, while net profit attributable to the parent company was 92.98 million yuan, down 5.51% year on year. Its share price has fallen 30.66% cumulatively this year.
Anhui Guqi Down & FeatherMultiple shareholders including Anhui Agricultural Fund, Beijing Urban Construction Phase I, Wuhu Jingcheng Phase II, and a director are reducing their stakes in Guqi Rongcai, signaling negative sentiment.
Anhui Agricultural Fund completed its reduction plan, cutting its stake from 6.90% to 6.00% by selling 1.8 million shares.
Wuhu Jingcheng Phase II reduced its holdings by a combined 1.9001 million shares from September 7 to September 21.
