Jingsheng Co., Ltd.: Shareholder Lu Yu plans to reduce holdings by no more than 4,150,900 shares

NightAirdropper · 2026-02-28T14:59:16+00:00

Jingsheng Co., Ltd. announced that shareholder Lu Yu plans to reduce holdings by no more than 4,150,900 shares, at a minimum price of 32.52 yuan per share, during the period from March to June 2026. The company's main business is crystal growth equipment. The chairman is Li Hui. In recent years, operating income and net profit have fluctuated significantly, posing certain risk factors.

NightAirdropper

2026-02-28 14:59:16

Abstract generation in progress

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

On February 27, Jing Sheng Co., Ltd. (Stock Code: 688478) announced that Ms. Lu Yu, a shareholder of the company, plans to reduce her holdings by no more than 4,150,900 shares due to her own funding needs. Of these, no more than 1,383,600 shares will be sold through centralized bidding transactions, and no more than 2,767,300 shares through block trades. The reduction period is from March 23, 2026, to June 22, 2026, with a minimum sale price of 32.52 yuan per share.

This reduction plan will not have a significant impact on the company’s governance structure or ongoing operations, but there are uncertainties regarding the timing, quantity, and price of the sales.

According to Tianyancha, Jing Sheng Co., Ltd. was established on February 9, 2012, with a registered capital of 138.366096 million RMB. The legal representative is Li Hui, and the registered address is No. 49 Zonghui Road, Nanjing Economic and Technological Development Zone. The main business involves the research, development, production, and sales of crystal growth equipment.

Currently, the company’s chairman is Li Hui, the secretary is Wu Chunsheng, with 210 employees, and the actual controller is Li Hui.

The company has stakes in four subsidiaries, including Nanjing Jingcai Semiconductor Technology Co., Ltd., Nanjing Jingheng Semiconductor Equipment Co., Ltd., Nanjing Jingneng Semiconductor Technology Co., Ltd., and Nanjing Jing Sheng Semiconductor Technology Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 220 million yuan, 406 million yuan, and 425 million yuan, respectively, with year-over-year growth of 13.89%, 82.70%, and 4.78%. Net profit attributable to the parent was 34.536 million yuan, 71.017 million yuan, and 53.747 million yuan, with year-over-year growth of -26.49%, 105.63%, and -24.32%. During the same period, the company’s asset-liability ratio was 14.71%, 24.97%, and 15.50%.

Regarding risks, Tianyancha data shows the company has 7 internal Tianyan risks, 2 surrounding risks, 14 historical risks, and 61 warning alert risks.

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