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Duopule shareholders plan to sell up to 1.86% stake, potentially cashing out over 120 million yuan
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On September 23 evening, Duopule (a non-destructive testing equipment maker) announced that two shareholders, Ji Xuanrong and Cai Shuping, plan to collectively reduce their holdings by up to 1.86% of the company's total shares, citing personal capital needs. The shares to be sold are from pre-IPO holdings, with the sale period from October 23, 2026 to January 22, 2027. Based on the September 24 closing price of 73.96 yuan per share, the total market value of the planned减持 is approximately 120 million yuan. Separately, on September 22, 2026, shareholders Xiamen Rongyu and Suzhou Rongyu reduced their holdings by 0.10% via block trades, cashing out about 5.38 million yuan. The company's 2026 half-year report showed revenue of 90.55 million yuan (up 13.21% YoY), net profit of 21.30 million yuan (up 11.91% YoY), and operating cash flow of 30.53 million yuan (up 86.48% YoY). As of September 24, Duopule's stock price has risen nearly 60% year-to-date.
Source report
On the evening of September 23, Duopule (a company specializing in non-destructive testing equipment) disclosed that two of its shareholders, Ji Xuanrong and Cai Shuping, plan to reduce their holdings in the company.
Details of the Share Reduction Plan
- Ji Xuanrong holds approximately 6.158 million shares, accounting for 6.86% of the company's total share capital.
- Cai Shuping holds approximately 5.1919 million shares, accounting for 5.78% of the total share capital.
The reduction is driven by personal capital needs. The shares to be sold were acquired prior to the company's initial public offering (IPO). The sale price will be determined based on market prices at the time of sale, and the reduction period is set from October 23, 2026, to January 22, 2027.
Neither Ji Xuanrong nor Cai Shuping are controlling shareholders or actual controllers of the company. The company stated that this reduction plan will not have a significant impact on its governance structure or ongoing operations.
Based on Duopule's latest closing price of 73.96 yuan per share on September 24, the total market value of the shares involved in this reduction is approximately 120 million yuan.
Additional Share Reduction by Other Shareholders
On the same evening, Duopule also announced that on September 22, 2026, its shareholders Xiamen Rongyu Jiahe Investment Partnership (Limited Partnership) ("Xiamen Rongyu") and Suzhou Rongyu Ruihai Investment Partnership (Limited Partnership) ("Suzhou Rongyu") reduced their holdings by a total of approximately 89,700 shares through block trades, representing 0.10% of the total share capital.
- Before the change: The three entities (Xiamen Rongyu, Suzhou Rongyu, and Shenzhen Rongyu Capital Management Co., Ltd.) collectively held approximately 4.5774 million shares, or 5.10% of total shares.
- After the change: They collectively hold approximately 4.4878 million shares, or 5.00% of total shares.
The two shareholders collectively cashed out approximately 5.38 million yuan in this transaction. The reduction is due to the information disclosing parties' own capital needs, and the reduction plan has not yet been fully completed.
Company Background and Financial Performance
Duopule is a high-tech enterprise specializing in the research, development, production, and sales of non-destructive testing equipment.
According to the company's 2026 semi-annual report:
- Total operating revenue: 90.5542 million yuan, up 13.21% year-on-year
- Net profit attributable to shareholders: 21.3044 million yuan, up 11.91% year-on-year
- Non-recurring net profit: 13.0122 million yuan, up 54.71% year-on-year
- Net cash flow from operating activities: 30.5305 million yuan, up 86.48% year-on-year
Stock Performance
As of the close on September 24, Duopule's share price has risen by more than 57% year-to-date.
Source: ReadCreate Finance (Shenzhen Business Daily · ReadCreate)
Source
东方财富网-公司资讯Eastern
Part of this Story
Duopule major shareholders Ji Xuanrong and Cai Shuping plan to reduce holdings by up to 1.86%