Jingduan Technology: Executive Zhao Hongjun and Dong Yi completed a reduction of 500,000 shares

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 25, Jiangsu Pacific Precision Forging Technology Co., Ltd. (stock abbreviation: Jingduan Technology) announced that the company’s director, vice president Zhao Hongjun, and vice president and board secretary Dong Yi, due to personal funding needs, completed a share reduction plan within three months after 15 trading days starting from December 22, 2025, through centralized bidding or block trading.

Zhao Hongjun sold 250,000 shares at an average price of 16.3647 yuan per share; Dong Yi also sold 250,000 shares at an average price of 16.4056 yuan per share.

The two together reduced their holdings by a total of 500,000 shares, accounting for 0.0854% of the company’s total equity. This reduction complies with relevant laws and regulations.

According to Tianyancha, Jingduan Technology was established on December 9, 1992, with a registered capital of 481.777232 million RMB. The legal representative is Xia Hanguan. The registered address is No. 91 Jiangyan Avenue, Jiangyan District, Taizhou City, Jiangsu Province. Its main business includes automotive parts R&D; manufacturing of automotive parts and accessories; wholesale of auto parts; manufacturing of forgings and powder metallurgy products; sales of forgings and powder metallurgy products; manufacturing of bearings, gears, and transmission components; sales of bearings, gears, and transmission components; mold manufacturing; and mold sales.

Currently, the company’s chairman is Xia Hanguan, the secretary is Dong Yi, with 2,150 employees. The actual controllers are Xia Hanguan and Huang Jing.

The company has stakes in 10 affiliated companies, including Ningbo Pacific Electric Control System Co., Ltd., Tianjin Pacific Transmission Technology Co., Ltd., Jiangsu Dayang Trading Co., Ltd., PPFJAPAN Corporation, and PPF INDUSTRIAL PTE. LTD.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was 1.808 billion yuan, 2.103 billion yuan, and 2.025 billion yuan, respectively, with year-on-year growth of 27.04%, 16.32%, and -3.72%. Net profit attributable to the parent was 247 million yuan, 238 million yuan, and 160 million yuan, with year-on-year growth of 43.98%, -3.94%, and -32.79%. During the same period, the company’s asset-liability ratio was 38.03%, 39.96%, and 46.39%.

Regarding risks, Tianyancha data shows the company has 45 internal Tianyan risks, 31 surrounding risks, 22 historical risks, and 93 early warning risks.