Guanghua Technology announced on the evening of October 7 that controlling shareholder and actual controller Zheng Chuangfa, due to his own capital needs, plans to reduce his stake by no more than 3% of the company's total share capital. The announcement shows that Zheng Chuangfa currently holds 102,671,700 shares, accounting for 21.91% of the company's total share capital. He plans to reduce his holdings by no more than 14,058,069 shares within three months starting 15 trading days after the announcement date, through centralized bidding and block trading. Among these, the total number of shares reduced through centralized bidding will not exceed 1% of the company's total shares, and the total number reduced through block trading will not exceed 2% of the company's total shares. Based on Guanghua Technology's latest share price of 24.91 yuan per share, Zheng Chuangfa may cash out 350 million yuan from this reduction. In terms of performance, in the first half of 2026 the company achieved revenue of 2.248 billion yuan, up 75.32% year on year; net profit attributable to the parent was 94.285 million yuan, up 67.56% year on year; and non-GAAP net profit was 91.6134 million yuan, up 67.28% year on year.
Guangdong Guanghua Sci-Tech Co LtdControlling shareholder and actual controller Zheng Chuangfa plans to reduce his stake by up to 3% for personal capital needs, a negative capital/ownership event.
