Guangming Meat Industry: Controlling Shareholder Plans to Reduce Holdings of No More Than 18.66 Million Shares

NightAirdropper · 2026-03-18T03:42:34+00:00

Shanghai Guangming Meat Industry announced that its controlling shareholder plans to reduce its holdings by no more than 18.66 million shares through block trading. The reduction will take place from April 9, 2026, to July 8, 2026, without affecting the company's control or governance structure. Guangming Meat Industry was established in 1997 and mainly engages in the production of pork, beef, and mutton products. In 2022, its operating revenue was 24.987 billion yuan. Recently, the company's performance has declined, and it faces multiple risks.

NightAirdropper

2026-03-18 03:42:34

Abstract generation in progress

Radar Finance | Feng Xiuyu Text | Li Yihui

On March 17, Shanghai Guangming Meat Industry Group Co., Ltd. (stock abbreviation: Guangming Meat Industry) announced that its controlling shareholder, Shanghai Yimin Food Factory (Group) Co., Ltd., plans to reduce its holdings by no more than 18,660,816 shares through block trading, representing 1.99% of the company’s total share capital.

The reduction will occur from April 9, 2026, to July 8, 2026. The sale price will be determined based on the market price at the time of implementation. This reduction will not lead to a change in the company’s control or have a significant impact on corporate governance, ownership structure, or ongoing operations.

According to Tianyancha, Guangming Meat Industry was established on June 27, 1997, with a registered capital of 937.729472 million RMB. The legal representative is Li Junlong. The registered address is Room 101, Building 7, No. 1501 Chuanqiao Road, China (Shanghai) Free Trade Pilot Zone. Its main business involves the development, production, and sales of pork, beef, mutton products, and branded leisure foods.

Currently, the company’s chairman is Li Junlong, the secretary is He Ruo, with 12,002 employees. The actual controller is Guangming Food Co., Ltd.

The company has stakes in 32 subsidiaries, including Shanghai Jiachun Animal Husbandry Co., Ltd., Shanghai Guanglin Property Management Co., Ltd., Shanghai Meilin (Hong Kong) Limited, Shanghai Meilin Zhengguanghe (Mianyang) Co., Ltd., Shanghai Ganshengyuan Food Co., Ltd., and others.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was 24.987 billion, 22.367 billion, and 21.987 billion RMB, respectively, with year-over-year growth of 5.80%, -10.49%, and -1.70%. Net profit attributable to the parent was 503 million, 226 million, and 216 million RMB, with year-over-year growth of 66.05%, -55.13%, and -4.22%. During the same period, the company’s asset-liability ratio was 54.82%, 55.91%, and 54.89%.

Regarding risks, Tianyancha data shows the company has 507 internal Tianyan risks, 549 surrounding risks, 103 historical risks, and 425 early warning risks.

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