Infinet: Controlling shareholder releases pledge of 2.1 million shares and extends pledge of 10.5 million shares

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Radar Finance | Written by Yang Yang | Edited by Li Yihui

On March 11, Infinet (Stock Code: 300582) announced that the company’s controlling shareholder, GUICHAO HUA, has partially released the pledge of some shares and extended the repurchase period. Specifically, GUICHAO HUA has解除质押 (released the pledge) of 2,100,000 shares, accounting for 2.28% of his holdings and 0.70% of the company’s total share capital. At the same time, his pledged shares of 4,200,000 and 6,300,000 shares have been延期至2027年3月10日 (extended until March 10, 2027), for financing purposes.

As of the disclosure date, GUICHAO HUA’s pledged shares account for 57.48% of his holdings and 17.72% of the company’s total share capital. The announcement emphasizes that GUICHAO HUA’s credit status is good, pledge risks are controllable, and this will not lead to a change in the company’s actual control, nor will it affect the company’s operations and governance.

According to Tianyancha data, Infinet was established on September 5, 2007, with a registered capital of 29,853.6488 million RMB. The legal representative is GUICHAO HUA, and the registered address is No. 459, Jianghong Road, Changhe Street, Binjiang District, Hangzhou. Its main business includes the research, production, sales, and technical services of LED driver power supplies, sensors, control systems, and LED modules, among other LED lighting supporting products.

Currently, the company’s chairman is Guichao Hua, the secretary is Jia Peixian, with 1,752 employees. The actual controller is Guichao Hua.

The company has stakes in 24 subsidiaries, including Hangzhou Infinet Equity Investment Co., Ltd., Inventronics Korea Inc., Inventronics Netherlands B.V., Inventronics Europe B.V., and INVENTRONICS SSL INDIA PRIVATE LIMITED.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 1.511 billion, 2.631 billion, and 2.668 billion RMB, respectively, with year-on-year growth of 6.72%, 74.09%, and 1.41%. Net profit attributable to the parent was 202 million, -173 million, and 9.07 million RMB, with year-on-year growth of 10.77%, -186.00%, and 105.23%. During the same period, the company’s asset-liability ratio was 39.46%, 61.52%, and 55.53%.

Regarding risks, Tianyancha data shows the company has 215 internal Tianyan risks, 75 surrounding risks, 34 historical risks, and 139 warning risks.

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