On November 1, A-share listed company Taijing Technology (603738) released a public announcement, disclosing the plan of reducing shares held by shareholders, directors and senior executives. In today's trading, Taijing technology fell to a halt. As of the publication, the share price was 16.56 yuan, with a turnover rate of 2.33% and an amplitude of 5.92%.
According to the announcement, in the next six months, Yu Xindong, Wang Dan, Yu Xinhui and Yu Huiling, the controlling shareholders and actual controllers of the company, plan to adopt centralized bidding and block trading to reduce the total number of shares of the company by no more than 6% of the company's current total share capital and 25% of the company's shares held by individuals; Wang Bin and Wang Jintao, the directors and senior managers of the company, plan to adopt centralized bidding The number of shares of the company to be reduced in trading mode shall not exceed 476000, accounting for 0.28% of the total share capital of the company at present.
It should be noted that there are concerted actors in the above-mentioned reduction subjects: Yu Xindong, Wang Dan, Yu Xinhui and Yu Huiling are the controlling shareholders and actual controllers of the company, Wang Dan is Yu Xindong's spouse, Yu Xinhui is Yu Xindong's younger brother and Yu Huiling is Yu Xindong's younger sister.
As of the date of this announcement, Mr. Yu Xindong, the controlling shareholder, actual controller, director and senior manager of Taijing technology, holds 67592000 shares of the company, accounting for 40.45% of the total share capital of the company; Ms. Wang Dan, the controlling shareholder and actual controller, holds 13804000 shares of the company, accounting for 8.26% of the total share capital of the company; Mr. Yu Xinhui, the controlling shareholder and actual controller, holds 8568000 shares of the company Shares, accounting for 5.13% of the total share capital of the company; Ms. Yu Huiling, the controlling shareholder and actual controller, holds 2380000 shares, accounting for 1.42% of the total share capital of the company. Yu Xindong, Wang Dan, Yu Xinhui and Yu Huiling are the controlling shareholders and joint actual controllers of the company, holding 92344000 shares in total, accounting for 55.26% of the total share capital of the company.
Mr. Wang Bin, the director and senior manager of the company, holds 1904000 shares, accounting for 1.14% of the total share capital of the company; Mr. Wang Jintao, the director and senior manager of the company, holds 1904000 shares, accounting for 1.14% of the total share capital of the company.
Overcapacity, revenue and net profit both decline
According to the data, the main business of Taijing technology is the R & D, production and sales of quartz crystal resonators. It belongs to quartz crystal component sub industry in electronic component industry. The company's main products are various types of quartz crystal resonators, including dip and SMD products.
It is understood that quartz crystal resonator, as the basic component of frequency control and frequency selection, is widely used in information equipment, mobile terminals, network equipment, automotive electronics, consumer electronics, intelligent application products, etc. It is also widely used in wireless wide area network (WAN), local area network (LAN), metropolitan area network (man), personal network (Pan), including 3G / 4G / 5G, Bluetooth, WiFi, ZigBee technology, etc.
On October 28, Taijing technology released the third quarter report of 2019, which showed that in the first three quarters, the company achieved an operating revenue of 419 million yuan, a year-on-year decrease of 10.39%; and a net profit of 6.0511 million yuan, a year-on-year decrease of 85.40%.
In the previous half year report, the net profit of Taijing technology's revenue also fell, with revenue of 256 million yuan, down 21.96% year-on-year, and net profit of 4.3118 million yuan, down 84.01% year-on-year. Taijing technology said that it was mainly due to the decline in production and sales, the decline in product prices and the rise in costs.
According to Taijing technology, due to the intense competition in the crystal market, excess capacity, continuous low product prices, unreasonable price cutting competition caused by the imbalance between supply and demand, and the impact of intensified trade friction between China and the United States on the electronic information manufacturing industry; in addition, due to the weakness of the downstream market, the company's new production can be released slowly, which makes the company's operating income and profit decline.