Wangzi New Materials Plans for Three Shareholders to Reduce Holdings of No More Than 11.336 Million Shares Combined

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On March 20, Shenzhen Prince New Materials Co., Ltd. (stock abbreviation: Prince New Material) announced that its controlling shareholder and actual controller, Mr. Wang Jinjun, plans to reduce his holdings by no more than 11,257,631 shares (approximately 3.00% of the company’s total share capital). Director and Vice President Mr. Cheng Gang intends to reduce his holdings by no more than 49,000 shares (about 0.0131%), and Secretary of the Board and Vice President Ms. Bai Qiong plans to reduce her holdings by no more than 29,400 shares (about 0.0078%). The total planned reduction is no more than 11,336,031 shares.

The reason for this reduction is personal funding needs. The reduction period is from April 14, 2026, to July 13, 2026, and may include centralized bidding or block trades. This plan complies with relevant laws and regulations, will not lead to a change in the company’s control, and will not affect the company’s governance structure or ongoing operations.

According to Tianyancha, Prince New Materials was established on May 28, 1997, with a registered capital of 382.006553 million RMB. The legal representative is Wang Jinjun, and the registered address is No. 4 Fanjin Road, Longhua Street, Longhua District, Shenzhen. Its main business involves the production, research and development, and sales of plastic packaging, military electronics, and film capacitors.

Currently, the company’s chairman is Wang Jinjun, the secretary of the board is Bai Qiong, with 2,718 employees. The actual controller is Wang Jinjun.

The company has stakes in 44 subsidiaries, including Nanning Prince New Materials Co., Ltd., Langfang Xinxing Environmental Protection Technology Co., Ltd., Chengdu Xinzheng Environmental Protection Technology Co., Ltd., Yantai Baiyi Environmental Packaging Technology Co., Ltd., and Zhuhai Xinsheng Packaging Technology Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 1.751 billion yuan, 1.774 billion yuan, and 1.989 billion yuan, respectively, with year-on-year growth of 0.90%, 1.31%, and 12.15%. Net profit attributable to the parent was 70.3744 million yuan, 60.3511 million yuan, and -68.5025 million yuan, with year-on-year changes of -16.65%, -14.13%, and -213.51%. During the same period, the company’s asset-liability ratio was 47.18%, 38.16%, and 40.93%.

Regarding risks, Tianyancha shows that the company has 11 internal Tianyan risks, 81 surrounding risks, 84 historical risks, and 158 warning alert risks.