BaiSheng Smart: Shareholder Gong Weining plans to reduce holdings by no more than 5,336,000 shares

Radar Finance | Yang Yang | Li Yihui

On February 25, Jiangxi Baiseng Intelligent Technology Co., Ltd. (stock abbreviation: Baiseng Intelligent) announced that the company’s controlling shareholder, one of the actual controllers, and Vice Chairman Ms. Gong Weining plans to reduce her holdings. Ms. Gong Weining directly owns 24,381,334 shares of the company, accounting for 13.7076% of the total share capital. The planned reduction is no more than 5,335,999 shares, representing 3.0000% of the total share capital, with no more than 1,778,666 shares to be sold through centralized bidding and no more than 3,557,333 shares through block trades.

The reduction period is from March 19, 2026, to June 18, 2026. The share price shall not be lower than the issuance price at the time of the company’s initial public offering. The reason for the reduction is due to personal funding needs. Ms. Gong Weining promises to strictly comply with relevant laws and regulations. This reduction plan will not lead to a change in the company’s control.

According to Tianyancha, Baiseng Intelligent was established on January 20, 1999, with a registered capital of 1,778,666,700 RMB. The legal representative is Liu Rugen. The registered address is No. 1220, Xiaolan Middle Avenue, Xiaolan Economic and Technological Development Zone, Nanchang City, Jiangxi Province. Its main business involves the research, production, and sales of entrance and exit control and management equipment.

Currently, the company’s chairman is Liu Rugen, the secretary is Jia Xiaolong, with 617 employees. The actual controllers are Liu Rugen, Liu Ziyao, and Gong Weining.

The company has stakes in 10 affiliated companies, including Nanchang Baiseng Parking Charging Information Technology Co., Ltd., Baiseng Intelligent (Hong Kong) Information Technology Co., Ltd., Jiangxi Liansheng Intelligent Equipment Co., Ltd., Nanchang Baiseng Zhitong Technology Co., Ltd., Jiangxi Feigou Technology Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 407 million yuan, 388 million yuan, and 400 million yuan, respectively, with year-on-year changes of -22.46%, -4.65%, and 3.05%. The net profit attributable to the parent was 61.56 million yuan, 35.18 million yuan, and 33.02 million yuan, with year-on-year growth rates of 0.01%, -42.85%, and -6.15%. During the same period, the company’s asset-liability ratio was 16.20%, 19.21%, and 19.86%.

Regarding risks, Tianyancha data shows that the company has 16 internal Tianyan risks, 7 surrounding risks, 39 historical risks, and 82 warning alert risks.