Wang Jianyu and Wang Jiankai, the founding brothers of SEC Electric Machinery, plan to reduce their shareholding in the company again. An announcement on the evening of August 14 showed that the two, acting in concert, together hold 46.503376 million shares, accounting for 19.77% of the total share capital. Due to personal funding needs, they intend to reduce their combined holdings by no more than 7.056 million shares, or no more than 3.00% of the total share capital, through block trading or centralized bidding between September 7 and December 6, 2026. In the preceding months, Wang Jiankai and Wang Jianyu had each already reduced their holdings by 7.056 million shares, cashing out a combined total of approximately 333 million yuan. Based on the closing price of 21.88 yuan on August 14, this latest reduction could raise approximately another 154 million yuan. The company expects its net profit attributable to the parent for the first half of 2026 to be between 3.6 million yuan and 5.4 million yuan, a year-on-year decline of 89.71% to 84.56%.
SEC Electric Mach Co LtdFounders plan to reduce holdings by another 7.056 million shares, adding selling pressure; also weak H1 profit forecast.
