和辉光电：持股5%以上股东减持计划结果公告详解

主要内容摘要

• 非第一大股东——上海集成电路产业投资基金股份有限公司（简称“集成电路基金”）减持计划已于2026年4月2日届满。
• 集成电路基金原持有公司1,334,443,762股股份，占总股本9.66%。
• 本次实际通过大宗交易累计减持53,000,000股，占公司总股本的0.38%，低于原计划不超过2%的减持比例。
• 减持后，集成电路基金持股1,281,443,762股，占比9.28%。
• 所有减持股份均为IPO前取得，且已于2022年5月30日解除限售。
• 减持价格区间为2.49元-2.66元/股，减持总金额约为1.37亿元。

投资者需关注的重点及潜在价格影响因素

• 减持规模远低于预期：集成电路基金在原公告计划中拟减持不超过2%公司股份，实际仅减持0.38%。表明大股东对公司未来走势仍有一定信心，且市场抛压有限。
• 大宗交易方式减持：采用大宗交易，通常对二级市场价格影响较小，短期内有利于维护股价稳定。
• 集成电路基金仍为重要股东：减持后持股比例依然高达9.28%，其后续动向及减持计划值得持续关注。
• 减持价格与当前估值：减持价格区间为2.49~2.66元/股，投资者可据此评估公司当前市场估值与大股东实际操作价之间的关系。
• 信息披露合规透明：本次减持过程严格遵守了相关法律法规及交易所规定，未出现提前终止、违规或违约等情形。

详细公告内容解读

据公告，上海和辉光电股份有限公司于2026年1月10日披露集成电路基金的减持计划，拟通过大宗交易方式减持不超过276,188,752股（占总股本2%），减持期为2026年2月2日至2026年4月2日。最终，集成电路基金实际减持53,000,000股，远低于计划上限，减持期间价格在2.49~2.66元/股之间，总金额约1.37亿元。

减持完成后，集成电路基金持股数降至1,281,443,762股，持股比例9.28%。重要的是，此次减持股份均属于IPO前获得，且已完成解禁。整个减持过程合法合规，且与此前披露完全一致，未提前终止，也未违规。

对于投资者而言，集成电路基金作为公司重要机构股东，虽然实施减持，但幅度远低于计划，显示其对公司仍有一定信心。同时，由于减持方式为大宗交易，并未对二级市场造成剧烈冲击，有助于股价稳定。此外，减持价格可供投资者作为公司估值的参考。

结论

综合来看，此次大股东减持计划的实际执行情况对于市场来说总体偏正面，未释放过多的抛压信号，也未出现不利的突发情况。投资者可继续关注集成电路基金后续的持股变化及公司基本面情况。

免责声明：本新闻稿仅为信息披露解读，不构成任何投资建议。投资者据此操作，风险自担。

English Version

Hehui Optoelectronics: Shareholding Reduction Results of Shareholder Holding Over 5% Shares – Detailed Analysis

Key Points

• Non-controlling major shareholder, Shanghai Integrated Circuit Industry Investment Fund Co., Ltd. (“IC Fund”), has completed its share reduction plan as of April 2, 2026.
• IC Fund originally held 1,334,443,762 shares, representing 9.66% of the company’s total share capital.
• The fund actually reduced its holdings by 53,000,000 shares via block trades, representing only 0.38% of total share capital—well below the planned maximum of 2%.
• After the reduction, IC Fund holds 1,281,443,762 shares, with its shareholding ratio now at 9.28%.
• All reduced shares were acquired before the IPO and have been tradable since May 30, 2022.
• The reduction price ranged from RMB 2.49 to RMB 2.66 per share, with a total amount of approximately RMB 137.5 million.

Highlights for Investors and Potential Price-Sensitive Factors

• Far Lower-than-Planned Reduction: The actual reduction (0.38%) is significantly lower than the planned maximum (2%), indicating the major shareholder’s remaining confidence and limited market selling pressure.
• Block Trade Method: Block trades typically have less impact on the open market price, which is supportive of short-term price stability.
• IC Fund Remains a Key Shareholder: After the reduction, the fund still holds 9.28% of the company, so its future actions are worth monitoring.
• Reduction Price as Valuation Reference: The price range of RMB 2.49–2.66 per share can serve as a reference point for the company’s valuation and major shareholder’s expectations.
• Full Compliance and Transparency: The entire process complied with regulations and exchange rules, with no breaches, early terminations, or undisclosed actions.

In-Depth Announcement Interpretation

According to the announcement, Hehui Optoelectronics disclosed on January 10, 2026, that IC Fund planned to reduce up to 276,188,752 shares (2% of total share capital) between February 2 and April 2, 2026. The actual number of shares sold was 53,000,000, much lower than the ceiling. The reduction price was between RMB 2.49 and RMB 2.66 per share, totaling around RMB 137.5 million.

After the reduction, IC Fund’s shareholding stands at 1,281,443,762 shares (9.28%). Notably, all reduced shares were pre-IPO and had been unlocked. The process was legal, compliant, and fully consistent with prior disclosures, with no early termination or violation.

For investors, the fact that a major institutional shareholder’s actual reduction was much smaller than planned, and executed via block trade, is a positive signal and suggests ongoing confidence. The reduction price also provides a reference for the company’s valuation.

Conclusion

Overall, the actual reduction by the major shareholder is a mildly positive development for the market, with no unexpected negative factors or excessive selling pressure. Investors are advised to continue monitoring IC Fund’s future shareholding changes and the company’s fundamentals.

Disclaimer: This news release is for information disclosure interpretation only and does not constitute investment advice. Investors are responsible for their own decisions and risks.

View 和辉光电 Historical chart here