Stone Technology, which once advised investors to be "patient", has reduced its holdings again | BUG

Text 丨 Sina Technology Zhou Wenmeng

After the release of Stone Technology's Q3 financial report in 2024, the company's stock price fell by nearly 30%. Amid the "screaming" of a large number of investors, Chang Jing, founder and chairman of Stone Technology, responded through videos many times: "I hope investors can be more patient." Immediately, the entry "The chairman cashed out 900 million yuan and persuaded investors to be more patient" became a hot search.

Now, Stone Technology's annual performance report is coming as scheduled. Sina Technology found that in the Q4 quarter, most of the company's top ten shareholders sold their stocks, including Hong Kong Central Clearing Co., Ltd., China Merchants Bank-Huaxia Shanghai Stock Exchange Science and Technology Innovation 50, Shunwei Ventures III, and Mao Guohua, co-founder and director of Stone Technology. Among them, Shunwei Capital and Hong Kong Central Clearing Co., Ltd. reduced their holdings the largest, and the former fell directly from the top ten shareholders.

At the same time, due to the significant increase in operating costs, sales expens...
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