On the evening of August 31, San'an Optoelectronics issued an announcement on the plan to reduce its shareholders' holdings, announcing that the National Integrated Circuit Industry Investment Fund Co., Ltd. (big fund), which holds 8.469% of its shares, intends to reduce its shares in the company by no more than 2%.

In fact, differences have already appeared before the increase or reduction of important shareholders of San'an Optoelectronics. According to public information, in the second quarter, Lu Shitong terminated three consecutive quarters of increase and began to reduce its holdings; Noan growth also reduced its holdings by 35.36 million shares; by comparison, Xingquan trend continued to increase its holdings, becoming the seventh largest shareholder of San'an Optoelectronics, with a stake of 2.42%. Ruiyuan value growth An even increased its holdings by 51.56 million shares, or 1.26%, making it the fund with the largest increase in holdings in a single quarter. However, in the second quarter, the fund as a whole reduced its holdings of about 15.93 million shares of San'an Optoelectronics, with a position of about 15.3 billion yuan at the end of the quarter.

　　A number of brokerages affirmed their performance.

According to the semi-annual report released by San'an Optoelectronics on July 29, benefiting from the increase in sales of LED chips and integrated circuit products in the first half of this year, San'an Optoelectronics realized operating income of 6.114 billion yuan, an increase of 71.38 percent over the same period last year; net profit belonging to shareholders of the parent company was 884 million yuan, up 39.18 percent from the same period last year; and basic earnings per share was 0.20 yuan.

During the reporting period, the market demand for LED is strong, and the prices of some low-end products continue to rise, and it is expected that the prices of some products will continue to rise in the future; the water level of goods in stock of the company has been effectively lowered, by the end of the reporting period, the overall amount of goods in inventory is about 660 million yuan lower than that at the end of last year, of which the amount of goods in stock of LED chips is reduced by about 688 million yuan

Everbright Securities Review said that 2021H1 performance exceeded expectations, business improvement quarter by quarter. With strong demand and falling inventories, traditional LED ushered in a cyclical inflection point and maintained a "buy" rating.

Galaxy Securities Research News believes that the company will deeply benefit from the recovery of the LED industry and the outbreak of Mini LED, while the compound semiconductor business will maintain rapid growth and will contribute important performance increments in the future.

　　Under the blessing of performance, can San'an Optoelectronics break the curse of reducing its holdings?

Since the beginning of this year, the National Integrated Circuit Industry Investment Fund (large fund) has been constantly reducing its holdings of listed companies. It is worth noting that the next trading day of the plan to reduce the holdings of large funds, the share prices of listed companies have been greatly adjusted. In this regard, some netizens laughed and called it "the curse of reducing holdings".

Ruixin Micro announced on the evening of July 12 that the national big fund, which holds 6.22% of the shares, plans to reduce its holdings by no more than 1.30% of the company's total shares, and the share price fell 8.58% the next day.

On the evening of July 9, Taiji Industries also announced that the national big fund, which holds 5% of the shares, intends to reduce its holdings by no more than 1% of the company's total share capital, falling by nearly 4% on the next trading day.

On the evening of June 10, Guoke Weiwei announced that in order to achieve a good return for shareholders, the national big fund, a shareholder with a shareholding ratio of 14.60%, planned to reduce its stake in the company by no more than 2% of the company's total share capital, and the share price fell by 9.52% the next day.

It has to be said that the announcement of shareholder reduction will greatly affect the confidence of investors in the secondary market, and driven by sentiment, short-term stock prices are also easily affected. Therefore, after the announcement of the reduction of shareholders' holdings in many companies, the stock price has been greatly adjusted. And under the performance blessing, can San'an Optoelectronics break the curse of reducing its holdings? We'll see tomorrow.