Xinlian Electronics: The controlling shareholder has reduced 8.24 million shares, and the reduction plan has not yet been completed.

NightAirdropper · 2026-03-05T22:45:04+00:00

Nanjing Xinlian Electronic Announcement: The controlling shareholder and persons acting in concert will reduce their holdings by 8.24 million shares by 2026, with the shareholding ratio decreasing to 41.59%. This reduction plan has been announced in advance and is not expected to affect the company's governance and operations. The company's main business is related to electricity, with significant performance fluctuations and multiple risks.

NightAirdropper

2026-03-05 22:45:04

Abstract generation in progress

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

On March 4th, Nanjing Xinlian Electronics Co., Ltd. (Stock abbreviation: Xinlian Electronics, Stock code: 002546) announced that its controlling shareholder, Nanjing Xinlian Venture Park Management Co., Ltd., and its concerted action persons reduced their holdings by a total of 8,240,500 shares through centralized bidding from March 2nd to March 3rd, 2026. This reduction was based on the previously disclosed plan, representing a 0.99% decrease.

After the reduction, the shareholding ratio of the controlling shareholder and its concerted action persons decreased from 42.58% to 41.59%, reaching a multiple of 1%. As of the date of this announcement, the reduction plan has not yet been fully implemented. Nevertheless, this reduction will not affect the company’s control, governance structure, or ongoing operations.

According to Tianyancha, Xinlian Electronics was established on September 25, 2003, with a registered capital of 83,404.9096 million RMB. The legal representative is Hu Min, and the registered address is No. 66 Liyuan North Road, Jiangning Economic and Technological Development Zone, Nanjing. Its main businesses include electricity information collection systems, smart electricity cloud services, and power cabinets.

Currently, the company’s chairman is Hu Min, the secretary is Peng Hui, with 625 employees, and the actual controller is Hu Min.

The company has stakes in 14 affiliated companies, including Nanjing Xinlian Software Co., Ltd., Nanjing Pangu Electric Technology Co., Ltd., Nanjing Xinlian Smart Energy Services Co., Ltd., Nanjing Kangyuan Information Technology Co., Ltd., and Nanjing Xinlian Energy Cloud Services Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 621 million yuan, 618 million yuan, and 767 million yuan, respectively, with year-on-year growth of 33.53%, -0.35%, and 23.94%. The net profit attributable to the parent was 11.16 million yuan, 61.91 million yuan, and 267 million yuan, with year-on-year growth of -95.00%, 454.57%, and 330.77%. During the same period, the company’s asset-liability ratio was 10.61%, 10.21%, and 9.40%.

Regarding risks, Tianyancha data shows the company has 72 internal Tianyan risks, 27 surrounding risks, 62 historical risks, and 44 warning alert risks.

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