Jinhaitong Shareholder Xunuo Investment Cuts 2.95% Stake to 4.9999%, Cashes Out 737 Million Yuan

Jinhaitong shareholder Ningbo Xunuo Venture Capital Fund Management Partnership (Limited Partnership) reduced its stake by 2.95% of the company's total shares through centralized auction and block trading from July 22 to July 29, 2026. The total amount of the reduction was approximately 737 million yuan. After the change in equity, Xunuo Investment's holding ratio fell from 7.95% to 4.9999%, dropping below 5%. The reduction plan was disclosed on April 9, 2026, with the original reduction period from April 30 to July 29, 2026; the actual execution took five trading days from plan disclosure to completion. Jinhaitong's stock price hit a high of 550 yuan on July 1, 2026, representing a more than tenfold increase from 49.33 yuan at the end of 2024. As of July 30, the stock closed at 243.98 yuan, down over 50% from the peak, but still up nearly 400% since the start of 2025. The company achieved revenue of 698 million yuan in 2025, up 71.68% year-on-year, and net profit attributable to shareholders of 177 million yuan, up 124.93%. The company stated that driven by downstream applications such as AI, high-performance computing, and new energy vehicles, demand in the semiconductor packaging and testing equipment sector continued to grow. Combined with the results of its global business expansion, overseas orders achieved good growth compared to the same period last year, and sales of its test handlers increased, driving performance growth. Jinhaitong's main business is the research, development, production, and sales of integrated circuit test handlers.