---
title: "Shareholders plan to reduce their holdings, YOEC plummets over 14%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/230037805.md"
description: "YOEC fell sharply by over 14%, closing at 28 yuan, with a total market value dropping below 3.5 billion yuan. In terms of news, YOEC announced a share reduction plan after the market closed yesterday, with shareholder Lian Zhenggang and Wuhan Jinding Venture Capital Co., Ltd. planning to reduce their holdings by no more than 3.8694 million shares, accounting for no more than 3.16% of the company's total share capital. Additionally, it is reported that the company has announced share reduction plans twice in the past three years. Furthermore, the company announced a net profit of 17.7631 million yuan for the year 2024, a year-on-year increase of 14.14%"
datetime: "2025-02-28T06:47:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/230037805.md)
  - [en](https://longbridge.com/en/news/230037805.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/230037805.md)
generator: "portal-rs"
---

# Shareholders plan to reduce their holdings, YOEC plummets over 14%

YOEC fell sharply by over 14%, closing at 28 yuan, with a total market value dropping below 3.5 billion yuan. In terms of news, YOEC announced a share reduction plan after the market closed yesterday, with shareholder Lian Zhenggang and Wuhan Jinding Venture Capital Co., Ltd. planning to reduce their holdings by no more than 3.8694 million shares, accounting for no more than 3.16% of the company's total share capital. Additionally, it is reported that the company has issued share reduction plan announcements twice in the past three years. Furthermore, the company announced a net profit of 17.7631 million yuan for the year 2024, a year-on-year increase of 14.14%

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**