Zhongyin Fashion: Shareholder Huayin Investment plans to reduce holdings by no more than 7.07 million shares

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

On March 6, Zhongyin Fashion (Stock Code: 300901) announced that its shareholder, Wenzhou Huayin Equity Investment Partnership (Limited Partnership), plans to reduce its holdings by no more than 7,070,000 shares, accounting for 3.00% of the company’s total equity. The reason for this reduction is due to the shareholder’s own funding needs.

The reduction will occur between March 30, 2026, and June 29, 2026, through centralized bidding or block trades. Huayin Investment currently holds 23,071,404 shares, representing 9.79% of the company’s total equity.

It is worth noting that Huayin Investment is not the company’s controlling shareholder or actual controller, so this reduction will not lead to a change in the company’s control.

According to Tianyancha, Zhongyin Fashion was established on October 21, 2011, with a registered capital of 240 million RMB. The legal representative is Ni Xiuhua, and the registered address is No. 180 Fengye Road, Lucheng District, Wenzhou, Zhejiang Province. Its main business involves footwear and the design, production, and sale of patterns applied to various consumer products.

Currently, the company’s chairman is Ni Xiuhua, the secretary is Pan Weimin, with 343 employees, and the actual controller is Ni Xiuhua.

The company has stakes in 19 subsidiaries, including Hetian Zhongyin Design Co., Ltd., Xinjiang Zhongyin Footwear Co., Ltd., Zhejiang Zhongyin Cultural and Creative Technology Co., Ltd., Wenzhou Lesai Exhibition Co., Ltd., Zhejiang Yixiu Culture Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 572 million RMB, 491 million RMB, and 358 million RMB, respectively, with year-over-year changes of -1.60%, -14.24%, and -26.96%. Net profit attributable to the parent was 73.7554 million RMB, 21.3456 million RMB, and a loss of 33.2261 million RMB, with year-over-year growth of 3.94%, -71.05%, and -255.66%. During the same period, the company’s asset-liability ratio was 13.93%, 20.17%, and 15.33%.

Regarding risks, Tianyancha data shows the company has 24 internal Tianyan risks, 28 surrounding risks, 7 historical risks, and 188 early warning risks.

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