Huahong Technology: Implementation of the share reduction plan by shareholders holding more than 5% has been completed

Huahong Technology announced that shareholder Zhou Shijie reduced his holdings by 12,750,510 shares through centralized bidding and block trading from August 28, 2025, to October 30, 2025, accounting for 2.05% of the total share capital. Before the reduction, his shareholding was 8.62%, and after the reduction, it is 6.57%. This reduction will not lead to a change in the company's control and will not have a significant impact on operations

Huahong Technology: Zhou Shijie has reduced his holdings by 2.05%

Huahong Technology announced that shareholder, director, and vice president Zhou Shijie, who holds more than 5% of the shares, will reduce his holdings by 7 million shares and 5.7505 million shares through block trading and centralized bidding, respectively, from August 28, 2025, to October 30, 2025, for a total reduction of 12.7505 million shares, accounting for 2.05% of the company's total share capital. The reduction plan has been completed; after the reduction, he holds 40.7817 million shares, accounting for 6.57%

Huahong Technology released its performance for the first three quarters, with a net profit attributable to the parent company of 197 million yuan, a year-on-year increase of 7110.70%

According to the Zhitong Finance APP, Huahong Technology released its third-quarter report for 2025. In the first three quarters, the company achieved operating revenue of 5.461 billion yuan, a year-on-year increase of 34.94%. The net profit attributable to shareholders of the listed company was 197 million yuan, a year-on-year increase of 7110.70%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 166 million yuan, a year-on-year increase of 298.05%

Huahong Technology: The significant growth in performance is mainly influenced by national policies, market supply and demand, and international trade factors. The market prices of major domestic rare earth products have stabilized and rebounded, and the company's comprehensive utilization business of rare earth resources is developing well, with revenue significantly improved compared to the same period last year

The three major A-share indices collectively fell at midday, while the rare earth concept surged against the trend

36Kr learned that the three major A-share indices collectively fell during the midday break, with the Shanghai Composite Index down 1.3%, the Shenzhen Component Index down 2.56%, and the ChiNext Index down 3%; the automotive, robotics, and consumer electronics sectors led the decline, with Wingtech Technology hitting the daily limit down, and GoerTek, Luxshare Precision, and Zhejiang Rongtai falling over 7%; the rare earth and domestic software sectors saw gains, with Huahong Technology and CS&S hitting the daily limit up, CNRE rising over 9%, CHINA RAREEARTH rising over 8%, and Kingsoft Office rising over 7%