Henan Shenhuo execs to cut holdings despite strong performance

Six senior executives of Henan Shenhuo Coal & Power, including general manager Zhang Wenzhang and deputy general manager Chang Zhen, plan to reduce their combined holdings by 332,000 shares within three months, starting 15 trading days after the October 21, 2025 announcement. This reduction, totaling 0.015% of the company's capital stock, is primarily to repay equity incentive loans and cover personal income tax.

The company's Q3 2025 report shows a 9.50% increase in operating revenue to CNY 31,004,894,097.91, and a 10.51% rise in owner's equity attributable to the parent company. Net profit attributable to shareholders decreased slightly by 1.38% to CNY 3,489,707,443.63. Additionally, the board approved the independent operation and establishment of a wholly-owned subsidiary for Yunnan Shenhuo Aluminum's 400,000-ton carbon project, investing CNY 100,000,000.

These share reductions occur amidst ongoing strategic initiatives, including the spin-off listing of Shenhuo New Materials Technology and the progress of the buy-back program, which has accumulated 15,420,360 shares as of September 30, 2025. The company confirms that these reductions will not impact control or operations.