Laire Technology's Controlling Shareholder Plans to Cash Out 180 Million; Listed Company's Net Profit Shows Signs of Peaking; A-Share Financing of 600 Million

China Economic Net Beijing, March 16 — Leier Technology (688683.SH) recently announced a plan for its controlling shareholder to reduce its holdings.

Leier Technology’s controlling shareholder, Guangdong Tainer Investment Co., Ltd. (hereinafter referred to as “Tainer”), plans to reduce its shares in Leier Technology by a total of no more than 4,832,934 shares (equivalent to 3.00% of Leier Technology’s total share capital) within three months after the announcement, from 15 trading days after the disclosure date. The reduction will be carried out through centralized bidding and block trades. Of these, no more than 1,610,978 shares (1.00% of total share capital) will be sold via centralized bidding, and no more than 3,221,956 shares (2.00%) via block trades.

Leier Technology’s actual controller, Wu Zhongqian, will not participate in this reduction.

As of the last trading day before the reduction plan was announced, March 13, 2026, Leier Technology’s stock price was 37.35 yuan per share. Based on this, Tainer’s expected total reduction amount is approximately 1.81 billion yuan.

As of the announcement date, Tainer holds 72,241,000 unrestricted circulating shares of Leier Technology, accounting for 44.84% of the total share capital.

Leier Technology was listed on the STAR Market of the Shanghai Stock Exchange on April 12, 2021, with an issuance of 37.14 million shares at a price of 9.51 yuan per share. The sponsor (lead underwriter) was Orient Securities Underwriting and Sponsoring Co., Ltd., with Zheng Leigang and Xu Youquan as sponsoring representatives.

The total funds raised from the initial public offering (IPO) were 353 million yuan, with a net amount of 295 million yuan after deducting issuance costs. The final net proceeds were 259 million yuan less than the original plan. According to the prospectus disclosed on April 6, 2021, the company planned to raise 554 million yuan, which would be used for projects including high-tech industrialization bases in new materials and electronics, wafer process protective film industrialization, high-speed signal transmission line (4K/8K/32G) industrialization, and R&D center construction.

The total issuance costs for the IPO were 58.3653 million yuan, including 35 million yuan in underwriting and sponsorship fees.

In 2022, Leier Technology issued shares to specific investors through a simplified procedure. According to the approval from the China Securities Regulatory Commission (CSRC) (Approval No. 2719 [2022]), Leier Technology was authorized to issue 5,276,929 RMB ordinary shares, with a par value of 1.00 yuan per share, at an issue price of 22.93 yuan per share, raising a total of approximately 120.9999 million yuan. After deducting issuance expenses of about 3.5249 million yuan, the net proceeds amounted to approximately 117.4751 million yuan. By November 21, 2022, all funds had been received. The CPA firm Zhongshen Zhonghuan Certified Public Accountants issued the “Verification Report” (No. 0510027 [2022]) on November 22, 2022.

According to the listing announcement disclosed on January 9, 2026, Leier Technology issued additional shares to specific investors in 2025 through a simplified procedure. As of December 31, 2025, Zhongshen Zhonghuan CPA firm issued the verification report (No. 0500023 [2025]), confirming that the company issued 5,919,871 RMB ordinary shares, raising approximately 159.5997 million yuan. After deducting issuance expenses of about 5.7827 million yuan, the net proceeds were approximately 153.817 million yuan. The new registered capital increased by 5,919,871 yuan, and capital reserves increased by 147,897,123 yuan. The issuance price was 26.96 yuan per share. The sponsor (lead underwriter) was Century Securities Co., Ltd., with Zhao Yu and Peng Jun as sponsoring representatives.

Since its listing, Leier Technology has raised a total of approximately 634 million yuan through three fundraising rounds.

According to the recent 2025 annual performance report, during the reporting period, the company achieved total operating revenue of 961.7873 million yuan, an increase of 82.97% year-over-year; net profit attributable to the parent company was 42.4641 million yuan, up 13.67%; and net profit attributable to the parent after deducting non-recurring gains and losses was 38.7806 million yuan, up 28.24%.

From 2021 to 2024, net profits attributable to shareholders of the listed company were 67.7448 million yuan, 47.6946 million yuan, 29.2549 million yuan, and 37.3563 million yuan, respectively.

(责任编辑：马欣)