Duopule shareholders plan to sell up to 1.86% stake, worth about 120 mln yuan at latest price
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On the evening of September 23, Duopule (stock code 301528) announced that two shareholders holding over 5% of the company's shares plan to reduce their holdings. Director Ji Xuanrong plans to sell approximately 771,900 shares (0.86% of total shares) via block or centralized竞价 trading within three months starting October 23, 2026. Shareholder Cai Shuping plans to sell approximately 897,600 shares (1% of total shares) via centralized竞价 trading in the same period. The total reduction is up to 1.86% of the company's shares. Based on the September 24 closing price of 73.96 yuan per share, the total market value of the shares involved is about 120 million yuan. The reason cited is personal capital needs, and the shares are from the pre-IPO period. Separately, on September 22, 2026, two other investment partnerships reduced their holdings by 0.10%, cashing out about 5.38 million yuan. Duopule is a high-tech enterprise specializing in non-destructive testing equipment. Its 2026 half-year report showed revenue of 90.55 million yuan (up 13.21% year-on-year) and net profit of 21.30 million yuan (up 11.91%). The stock price has risen over 57% year-to-date as of September 24.
Source report
Beijing, September 23 — Duopule (Shenzhen: 301528) announced on the evening of September 23 that two major shareholders have disclosed plans to reduce their holdings in the company.
Key Reduction Details
- Director Ji Xuanrong, holding 6.86% of total shares (approximately 6.158 million shares), plans to sell up to 771,900 shares (0.86% of total share capital) via centralized竞价 trading or block trading.
- Shareholder Cai Shuping, holding 5.78% of total shares (approximately 5.1919 million shares), plans to sell up to 897,600 shares (1.00% of total share capital) via centralized竞价 trading.
- Total planned reduction: No more than 1.6694 million shares, representing 1.86% of the company's total share capital.
Reduction Period and Pricing
- Period: October 23, 2026, to January 22, 2027
- Reason: Personal capital needs
- Source of shares: Pre-IPO shares
- Pricing: Based on market price at the time of sale
Impact Assessment
Neither Ji Xuanrong nor Cai Shuping are controlling shareholders or actual controllers of the company. The company stated that the planned reductions will not have a material impact on its governance structure or ongoing operations.
Market Value Estimate
Based on Duopule's closing price of RMB 73.96 per share on September 24, the total market value of the shares involved in the reduction plan is approximately RMB 120 million.
Additional Share Reduction by Other Shareholders
On the same evening, Duopule also announced that on September 22, 2026, shareholders Xiamen Rongyu Jia Hong Investment Partnership (Limited Partnership) and Suzhou Rongyu Ruihai Investment Partnership (Limited Partnership) reduced their holdings by a cumulative 89,700 shares (0.10% of total share capital) via block trading.
- Before the change: The two entities, together with Shenzhen Rongyu Capital Management Co., Ltd., held approximately 4.5774 million shares (5.10% of total share capital).
- After the change: They hold approximately 4.4878 million shares (5.00% of total share capital).
- Total cash realized: Approximately RMB 5.38 million
- Reason: Personal capital needs; the reduction plan has not yet been fully executed.
Company Background
Duopule is a high-tech enterprise specializing in the research, development, production, and sales of non-destructive testing equipment.
Financial Performance (First Half of 2026)
- Total operating revenue: RMB 90.5542 million, up 13.21% year-on-year
- Net profit attributable to shareholders: RMB 21.3044 million, up 11.91% year-on-year
- Net profit excluding non-recurring items: RMB 13.0122 million, up 54.71% year-on-year
- Net cash flow from operating activities: RMB 30.5305 million, up 86.48% year-on-year
Stock Performance
As of the close on September 24, Duopule's share price has risen over 57% year-to-date.
Source
深圳商报Neutral / independent
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Duopule major shareholders Ji Xuanrong and Cai Shuping plan to reduce holdings by up to 1.86%