Jiangsu Xiuqiang Glasswork Co Ltd: Recent Developments

Jiangsu Xiuqiang Glasswork Co Ltd, a prominent player in the glass processing industry, has recently been in the spotlight due to significant corporate changes and stock market activities. Listed on the Shenzhen Stock Exchange, the company specializes in producing a variety of glass products, including touch panel cover glass, photoelectric glass cover, and TCO glass, among others. With a market capitalization of 4,305,311,045 CNY and a close price of 5.44 CNY as of May 20, 2025, the company remains a key entity in the Consumer Discretionary sector, specifically within the Household Durables industry.

Corporate Leadership Changes

On May 21, 2025, Jiangsu Xiuqiang Glasswork Co Ltd announced that Gao Ying, the company’s Secretary of the Board and Securities Affairs Representative, would be resigning from these positions due to a work adjustment. Despite this change, Gao Ying will continue to serve as the Deputy General Manager of the company. As of the announcement date, Gao Ying held 800,000 shares, representing 0.1035% of the company’s total shares. This leadership change is part of the company’s ongoing internal restructuring efforts.

Stock Market Activity

In addition to the leadership changes, there have been notable movements in the company’s stock holdings. On the same day, the company disclosed that three shareholders, including Hong Kong-based Hengtai Technology Limited and its affiliated company, Nong County Xinxing Investment Co., Ltd., along with Lu Xiaoyang, plan to reduce their holdings. The planned reduction, scheduled between June 16 and September 15, 2025, involves up to 23.19 million shares, executed through recognized methods such as centralized bidding and large-scale transactions on the Shenzhen Stock Exchange.

Furthermore, on May 21, 2025, it was reported that Shanghai Lai Shi disclosed an increase in holdings, while Jiangsu Xiuqiang Glasswork Co Ltd was among 22 stocks experiencing a reduction in holdings. This activity reflects broader market dynamics and investor sentiment towards the company.

Financial Overview

For the fiscal year 2024, Jiangsu Xiuqiang Glasswork Co Ltd reported that its business revenue was entirely derived from glass deep processing, accounting for 100.0% of its total revenue. This focus underscores the company’s specialization and market positioning within the glass processing industry.

As the company navigates these changes, stakeholders will be closely monitoring its strategic direction and market performance. The recent developments highlight the dynamic nature of corporate governance and stock market activities within the industry.