Sun Cable: Shareholder Yili Group reduces holdings by 7.035 million shares, with the reduction plan not yet completed

NightAirdropper · 2026-03-10T08:45:52+00:00

Fujian Nanping Solar Cable announced that shareholder Yili Group will reduce its holdings by 7.035 million shares, accounting for 0.98% of the total share capital. After the reduction, the shareholding will decrease to 11.86%. This action is in line with its reduction plan and has not violated any laws or regulations to date. The company's operating income has continued to grow from 2022 to 2024, but net profit has declined. In terms of risks, the company faces multiple Tianyan risks.

NightAirdropper

2026-03-10 08:45:52

Abstract generation in progress

Radar Finance | Yang Yang Text | Li Yihui Editing

On March 9, Fujian Nanping Sun Cable Co., Ltd. (stock abbreviation: Sun Cable) announced that the shareholder holding more than 5%, Fujian Yili Group Co., Ltd. (hereinafter referred to as “Yili Group”), reduced its holdings by a total of 7.035 million shares through centralized bidding and block trades between March 5 and March 6, 2026, accounting for 0.98% of the company’s total share capital. After this reduction, Yili Group’s shareholding ratio decreased from 12.84% to 11.86%, reaching a multiple of 1% of the equity change.

This reduction is consistent with the previously disclosed plan, which proposed reducing no more than 21.670011 million shares (3% of total share capital), with no more than 1% of the total share capital to be sold through centralized bidding. To date, the plan has not been fully executed and has not violated relevant laws, regulations, or commitments.

According to Tianyancha, Sun Cable was established on July 11, 1994, with a registered capital of 722.3337 million RMB. The legal representative is Li Yunxiao, and the registered address is No. 102, Gongye Road, Nanping City. Its main business is the production and sales of wires and cables.

Currently, the company’s chairman is Li Yunxiao, the secretary of the board is Jiang Yongtao, with 2,234 employees. The actual controllers are Liu Xiuping, Li Wenliang, and Li Yunxiao.

The company has stakes in 12 subsidiaries, including Baotou Sun Maduola Cable Co., Ltd., Fujian Shanghang Sun Cable Co., Ltd., Wuyishan Sun Hotel Co., Ltd., Fujian Sun Cable Co., Ltd., and Fuzhou Sun Cable Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 13.103 billion yuan, 13.545 billion yuan, and 13.720 billion yuan, respectively, with year-on-year growth of 16.74%, 3.37%, and 1.30%. The net profit attributable to the parent was 213 million yuan, 177 million yuan, and 90.9087 million yuan, with year-on-year growth of 34.53%, -17.24%, and -48.51%. During the same period, the company’s asset-liability ratio was 59.88%, 62.96%, and 62.95%.

Regarding risks, Tianyancha data shows the company has 395 internal Tianyan risks, 72 surrounding risks, 443 historical risks, and 141 warning alert risks.

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