Southern Jinggong's shareholder Zhejiang Yinwan reduced its holdings by 5.6366 million shares, potentially facing investor claims due to previous disclosure issues.

Does AI question whether shareholder reductions imply concerns about the future of Nanfang Precision?

Radar Finance Text | Yang Yang Edited | Li Yihui

On March 16, Jiangsu Nanfang Precision Co., Ltd. (Stock abbreviation: Nanfang Precision, Stock code: 002553) announced that the company recently received a reduction notice from shareholder Zhejiang Yinwan Private Equity Fund Management Co., Ltd. – Yinwan Quanying 30 Private Securities Investment Fund. The shareholder reduced 3,050,635 shares through centralized bidding from February 2, 2026, to March 16, and on March 16, sold 2,586,000 shares via block trade, totaling a reduction of 5,636,635 shares.

The reason for this reduction is the implementation of the reduction plan. After the reduction, the shareholder’s shareholding ratio decreased from 1.93% to 0.33%, and the combined shareholding ratio of the company’s controlling shareholder and its concerted parties decreased from 40.00% to 38.41%.

This reduction plan has been disclosed in advance and will not lead to a change in control of the company, nor will it have a significant impact on corporate governance or operations. The reduction plan has not yet been fully implemented.

It is worth noting that Nanfang Precision may also face shareholder claims due to disclosure issues.

Song Lianmin, director of Jiangsu Shengheng Law Firm, which has handled numerous stock claims and compensation cases, told Radar Finance that if listed companies engage in improper behavior causing losses to investors, affected investors can seek legal compensation. Investors who bought Nanfang Precision shares between June 20, 2023, and July 5, 2023, and still held them at the close of July 5, 2023, can register for claims via the public account “LeiZhuBa” (LeiZhu code: 99). There are no fees before compensation is received.

According to Tianyancha, Nanfang Precision was established on May 8, 1998, with a registered capital of 353.409639 million RMB. The legal representative is Shi Jianwei, and the registered address is Longxiang Road, Wujin High-tech Development Zone, Changzhou. Its main business includes R&D, manufacturing, and sales of needle roller bearings, one-way clutches, one-way pulley assemblies, and various precision mechanical parts.

Currently, the company’s chairman is Shi Jianwei, the secretary is Wang Fang, with 1,172 employees. The actual controllers are Shi Jianwei, Shi Wei, and Shi Juanhua.

The company has stakes in 7 subsidiaries, including Nanfang Bearing (Germany) GmbH, Jiangsu Nanfang Changsheng New Energy Technology Co., Ltd., Nanfang Yongning New Energy Vehicle Bearings (Zhejiang) Co., Ltd., Shanghai Zhencheng Microelectronics Technology Co., Ltd., Jiangsu Nanfang Automotive Compressor Bearings Co., Ltd., and others.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 588 million yuan, 671 million yuan, and 784 million yuan, respectively, with year-on-year growth of -1.45%, 14.26%, and 16.80%. Net profit attributable to shareholders was 48.4855 million yuan, 27.2813 million yuan, and 24.3928 million yuan, with year-on-year declines of -75.29%, -43.73%, and -10.59%. During the same period, the company’s asset-liability ratio was 13.67%, 15.27%, and 19.87%.

Regarding risks, Tianyancha shows the company has 19 internal Tianyan risks, 83 surrounding risks, 5 historical risks, and 88 warning alerts.