Hesheng Silicon Industry: The controlling shareholder and its concerted parties have pledged a total of 387 million shares

Radar Finance | Yang Yang Text | Li Yihui

On March 6, Hesheng Silicon Industry Co., Ltd. (Stock Code: 603260, Stock Name: Hesheng Silicon) announced that its controlling shareholder, Ningbo Hesheng Group Co., Ltd., and its concerted actor, Luo Yi, have partially pledged and unpledged their shares. As of the announcement date, Hesheng Group directly holds 467,123,577 shares, accounting for 39.51% of the total share capital; Luo Yi directly holds 192,493,302 shares, accounting for 16.28% of the total share capital.

After the pledge and unpledge, Hesheng Group has a total pledged share of 232,885,100 shares, representing 49.86% of its holdings and 19.70% of the total share capital; Luo Yi has pledged a total of 61,600,000 shares, representing 32.00% of his holdings and 5.21% of the total share capital.

Hesheng Group and its concerted actors Luo Liguo, Luo Yi, and Luo Yedong directly hold a total of 849,581,733 shares, accounting for 71.86% of the total share capital. After the pledge and unpledge, the total number of pledged shares among Hesheng Group and its concerted actors is 386,585,100 shares, accounting for 45.50% of their combined holdings and 32.70% of the total share capital.

The announcement also states that Hesheng Group and its concerted actors have good credit and financial conditions, with manageable pledge risks, and there are no substantial factors that could lead to a change in the company’s control.

According to Tianyancha data, Hesheng Silicon Industry was established on August 23, 2005, with a registered capital of approximately 1.1822 billion RMB. The legal representative is Luo Liguo, and the registered address is No. 530 Yashan West Road, Zhapu Town, Jiaxing City, Zhejiang Province. Its main business includes the research, production, and sales of industrial silicon, organosilicon, and polysilicon, among other silicon-based new materials.

Currently, the company’s chairman is Luo Liguo, the secretary of the board is Gao Junqiu, with 21,653 employees. The actual controllers are Luo Yedong, Luo Yi, and Luo Liguo.

The company has stakes in 31 subsidiaries, including Xinjiang Western Hesheng Silicon Materials Co., Ltd., Xinjiang Central Hesheng Silicon Industry Co., Ltd., Xinjiang Hesheng Silicon New Materials Co., Ltd., Xinjiang Western Hesheng Silicon Industry Co., Ltd., and Xinjiang Eastern Hesheng Silicon Industry Co., Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was approximately 23.657 billion RMB, 26.584 billion RMB, and 26.692 billion RMB, respectively, with year-over-year growth of 10.62%, 12.37%, and 0.41%. Net profit attributable to the parent was approximately 5.148 billion RMB, 2.623 billion RMB, and 1.740 billion RMB, with year-over-year declines of 37.39%, 49.05%, and 33.64%. During the same period, the company’s asset-liability ratio was 55.38%, 61.10%, and 63.83%.

Regarding risks, Tianyancha data shows the company has 330 internal Tianyan risks, 462 surrounding risks, 211 historical risks, and 287 early warning risks.