Xinhongye announced on September 29 that shareholder Yang Yuwei reduced his stake in the company by 900,000 shares through block trades between September 24 and September 28, 2026, accounting for 0.47% of the company's total share capital. His holding ratio dropped from 17.42% to 16.95%, with the change in equity reaching a whole percentage point. After this change, Yang Yuwei holds 32.36 million shares, representing 16.95% of the company's total share capital. In the first half of 2026, Xinhongye achieved revenue of 2.478 billion yuan and net profit attributable to the parent company of 56.71 million yuan.
Wuxi Xinhongye Wire & Cable Co. Ltd. AShareholder Yang Yuwei reduced his stake by 900,000 shares via block trades, cutting his holding from 17.42% to 16.95%.
