Huitong Technology's five shareholders plan to reduce their holdings by nearly 5%, and after the company's listing, its performance deteriorated, causing the stock price to hit a new low.

In just over a year since its listing, Huitong Technology has faced a dual blow from shareholders “voting with their feet” and a drastic change in performance. On the evening of March 23, 2026, the company announced that shareholders, including two individuals and three institutions, plan to collectively reduce their holdings by up to nearly 5%. Prior to this, two major shareholders had already announced plans to reduce their holdings and have recently executed multiple reductions.

Under the pressure of these reductions, the company’s stock price has shown weak performance, hitting a new low since its listing, plunging more than 60% from its peak on the first day of trading. However, the challenges Huitong Technology faces are not only due to the significant reduction in holdings by multiple key shareholders; the company’s performance change since its listing has also attracted market attention. Data shows that the company achieved operating revenue of 361 million yuan in the first three quarters of 2025, a year-on-year decrease of 28.9%; it achieved a net profit attributable to the parent company of 22.4573 million yuan, a significant year-on-year decline of 74.67%.

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Daily Economic News