Xiangteng New Material Multiple Shareholders Reduce Holdings by a Combined 2.01 Million Shares

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

On March 17, Jiangsu Xiangteng New Materials Co., Ltd. (Stock abbreviation: Xiangteng New Materials) announced that its shareholders Shanghai Xianghe Yongyuan Equity Investment Partnership (Limited Partnership), Shanghai Longxin Private Equity Fund Partnership (Limited Partnership), Shenzhen Nanshan District Yongquan Private Equity Venture Capital Fund Partnership (Limited Partnership), and Shanghai Yongyue Venture Capital Partnership (Limited Partnership) plan to reduce their holdings by no more than 2,060,604 shares (3% of total shares), with actual reductions totaling 2,010,522 shares (2.93% of total shares). The selling price range was between 27.23 yuan/share and 43.8 yuan/share.

This reduction is based on the shareholders’ own funding needs and does not violate relevant laws, regulations, or commitments. It does not affect the company’s control or operations.

According to Tianyancha, Xiangteng New Materials was established on December 17, 2012, with a registered capital of 68.686888 million RMB. The legal representative is Zhang Wei, and the registered address is No. 21 Guangyue Road, Qixia Street, Qixia District, Nanjing. Its main business involves research, development, production, precision processing, and sales of various thin-film devices in the new display field.

Currently, the company’s chairman is Zhang Wei, the secretary of the board is Lang Yue, with 482 employees, and the actual controller is Zhang Wei.

The company has stakes in 7 subsidiaries, including Nanjing Xianghui Optoelectronic New Materials Co., Ltd., Dongguan Xiangteng New Materials Technology Co., Ltd., Nanjing Xiangzhi Technology Industrial Co., Ltd., Chengdu Xiangteng New Materials Co., Ltd., and Nanjing Tengrui New Materials Technology Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 804 million yuan, 714 million yuan, and 640 million yuan, respectively, with year-over-year changes of -37.83%, -11.18%, and -10.36%. Net profit attributable to the parent was 61.84 million yuan, 35.23 million yuan, and 12.27 million yuan, with year-over-year declines of -22.90%, -43.15%, and -65.18%. During the same period, the company’s asset-liability ratio was 23.21%, 14.46%, and 12.83%.

Regarding risks, Tianyancha data shows the company has 9 internal Tianyan risks, 9 surrounding Tianyan risks, 20 historical Tianyan risks, and 54 early warning Tianyan risks.