A Shandong Fiberglass announcement shows that shareholder Shanghai Dongxing Investment Holding Development reduced its stake by a cumulative 5.9997 million shares through centralized competitive bidding between May 1 and July 31, 2026, accounting for 0.92% of total shares, with total proceeds reaching 95.9538 million yuan. The selling price ranged from 12.30 yuan to 16.95 yuan per share. The reduction plan period has expired, and Shanghai Dongxing currently holds 84.1143 million shares, representing 12.87% of total equity. The company expects net profit attributable to the parent for the first half of 2026 to be between 23.38 million yuan and 35.07 million yuan, a year-on-year increase of 168% to 302%, mainly driven by higher volumes and prices of fiberglass yarn, product mix optimization, and cost control. In the secondary market, the stock price fell from a high of 26.38 yuan on June 17 to close at 12.67 yuan on July 31, a decline of 51.97% over the period.
Shandong Fiberglass Group Co LtdSecond-largest shareholder sold nearly 6 million shares, cashing out 95.95 million yuan, while stock halved in a month and a half.