Digbei.com on March 8, Xingye Technology (002674) recently announced that RONGTONG International Co., Ltd., the shareholder of the company, reduced 1031100 shares of the company by means of centralized bidding transaction. The average price of the reduced shares was 17.95 yuan / share, and the cash out was 18.5082 million yuan.
According to the announcement, RONGTONG international held 22319500 shares of the company before the reduction, and 21288400 shares after the reduction, accounting for 7.29% of the total share capital.
According to the company’s report for the third quarter of 2020, the net profit attributable to shareholders of Listed Companies in the first three quarters of 2020 was 45453766.71 yuan, down 51.73% from the same period of last year.
According to our data, Xingye technology is mainly engaged in the R & D, production and sales of natural cow top leather. The production line covers the whole leather making process from raw cow hide to wet blue leather, to embryo leather, and then to finished leather.