Guangdong HEC Technology Holding Co. Ltd. – Shareholder Pledge Activity
Guangdong HEC Technology Holding Co., Ltd. (stock code 600673) disclosed a recent change in the pledge status of its controlling shareholder, Shenzhen Dongyang Guang Industrial Development Co., Ltd. The announcement was made on 7 January 2026 and detailed the release and new pledge of shares.
Key Points of the Pledge Transaction
| Item | Details |
|---|---|
| Controlling shareholder | Shenzhen Dongyang Guang Industrial Development Co., Ltd. |
| Shares released from pledge | 8 873 400 shares (1.43 % of its holdings; 0.29 % of total share capital) |
| Release date | 6 January 2026 |
| Remaining shares pledged | 532 653 854 shares (85.94 % of the shareholder’s holdings; 17.70 % of total share capital) |
| New pledge | 6 000 000 shares (0.97 % of the shareholder’s holdings; 0.20 % of total share capital) |
| Pledge period | 6 January 2026 to 6 January 2027 (start date of the new pledge) |
| Purpose of new pledge | Financing for production and operations |
| Pledge counterparty | A financial institution |
The shareholder’s overall pledge ratio remained at 86.91 % of its holdings after the transaction, while the collective pledge ratio of the shareholder and its affiliated parties was 78.37 % of their combined holdings.
Company Profile
Guangdong HEC Technology Holding Co., Ltd. is a materials‑manufacturing enterprise listed on the Shanghai Stock Exchange. The company specializes in producing foils—including forming foils, hydrophilic foils, and electronic light foils—and also engages in investment activities. It was founded in 1989 and operates primarily out of Dongguan, China. As of 6 January 2026, its closing share price was 26.85 CNY, and its market capitalization stood at 80.59 billion CNY.
Market Context
On the same trading day, the Shanghai Composite Index recorded a modest increase of 0.02 %. Sector performance varied, with defense‑related industries posting the largest gains at 4.17 %. The overall trading volume was 126.35 billion shares, a 5.56 % decline from the previous day. Within this environment, Guangdong HEC Technology’s share price was influenced primarily by the pledge announcement rather than broader sector trends.
Implications
The release of 8.87 million shares from the pledge may improve the company’s liquidity position and reduce the shareholder’s leverage. However, the new pledge of 6 million shares indicates that the controlling shareholder continues to use equity as collateral for financing production activities. Investors should monitor subsequent filings to assess whether further pledge adjustments occur and how they may affect the company’s capital structure and governance.
