Hualan Co. Controlling Shareholder Hualan Electromechanical Pledges 3.9 Million Shares

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Hualan Co.'s controlling shareholder, Jiangyin Hualan Electromechanical Technology Co., Ltd., has pledged 3.9 million shares, representing 8.07% of its holdings and 1.83% of the company's total share capital. As of the announcement date, Jiangyin Hualan Electromechanical has cumulatively pledged 6.11 million shares, accounting for 12.65% of its holdings and 2.87% of the company's total share capital. In the first quarter of 2026, Hualan Co. achieved revenue of 130 million yuan and a net profit attributable to the parent company of 610,000 yuan.

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江阴华兰机电科技有限公司i
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As the controlling shareholder, its pledge of shares signals possible liquidity issues or financial pressure.