Fulongma Group Co Ltd. Announces Shareholder Reduction Plan
Fulongma Group Co Ltd. (Shanghai Stock Exchange: 603686), a key player in China’s industrial machinery sector, disclosed a shareholder‑initiated share‑holding reduction plan on 28 October 2025. The plan, filed by controlling shareholder Zhang Gui‑feng, authorizes a sale of no more than 6.2314 million shares—representing 1.5 % of the company’s total shares outstanding—to meet personal liquidity needs.
Details of the Reduction
| Item | Value |
|---|---|
| Targeted shares | 6.2314 million |
| Maximum proportion | 1.5 % |
| Price range | Not specified |
| Purpose | Personal capital requirement |
| Effective dates | 18 November 2025 to 26 February 2026 (no specific transaction window provided) |
The announcement includes a table of the planned sell‑off, stating the lower and upper bounds for shares, percentage of total capital, and the price limits. No exact sale price or execution window was given, implying that the transaction will be conducted under the market’s normal mechanisms and regulatory oversight.
Market Context
- Latest closing price (26 Oct 2025): 24.86 CNY
- 52‑week high: 28.29 CNY (23 Sep 2025)
- 52‑week low: 8.58 CNY (26 Nov 2024)
- Market cap: 10.32 billion CNY
- PE ratio: 72.23
Historically, Fulongma’s share‑holding reductions have correlated with notable short‑term price movements. Data from the iFind platform indicate that, on average, the stock fell 6.18 % within five days of a reduction announcement, while showing a 32.04 % gain over a 30‑day horizon. In the most recent instance on 23 Aug 2025, the company announced a reduction of 200,000 shares, and the share price declined by 0.06 % in five days but rose 0.32 % within 30 days.
Industry Position
Fulongma Group specializes in the production and distribution of sanitation equipment—ranging from road‑cleaning vehicles and refuse‑collection trucks to new‑energy sanitation solutions. The company also offers engineering construction services. Its operations are based in Longyan, China, and it maintains an active presence on the Shanghai Stock Exchange.
The share‑holding reduction, while modest relative to the company’s overall capital structure, may influence short‑term liquidity and investor sentiment. Analysts will likely monitor how the transaction unfolds, particularly in terms of execution price and timing, to gauge its impact on the stock’s valuation dynamics.
The official PDF filing of the shareholder reduction plan can be accessed here .
