Hangzhou Jie Bai Liang's two directors have completed their share reduction, totaling 415,000 shares.

Radar Finance Text | Feng Xiuyu Edited | Li Yihui

On February 13, Hangzhou Jie Bai Group Co., Ltd. (stock abbreviation: Hangzhou Jie Bai) announced the results of its directors’ share reduction plan. Chairman Bi Ling and employee representative director Yao Lan reduced their holdings by 375,000 shares and 40,000 shares respectively during the plan period, representing reduction ratios of 0.0510% and 0.0054%. Bi Ling’s reduction price ranged from 7.93 to 8.79 yuan per share, with a total reduction amount of 3,179,637 yuan; Yao Lan’s reduction price ranged from 8.91 to 9.54 yuan per share, with a total reduction amount of 369,000 yuan.

Bi Ling has completed the share reduction plan, while Yao Lan has not completed it; 7,425 shares remain unreduced. The plan period for this reduction was from November 14, 2025, to February 13, 2026, with the reduction conducted through centralized bidding transactions. The announcement confirms that this reduction complies with relevant laws, regulations, and business rules, and is consistent with the actual reduction situation.

According to Tianyancha data, Hangzhou Jie Bai was established on October 30, 1992, with a registered capital of 735,078,598 yuan. The legal representative is Bi Ling, and the registered address is No. 251 Jiefang Road, Shangcheng District, Hangzhou, Zhejiang Province. Its main business is retail sales of goods.

Currently, the company’s chairman is Bi Ling, the secretary of the board is Shen Xiaofen, with 973 employees, and the actual controlling shareholder is the State-owned Assets Supervision and Administration Commission of Hangzhou Municipal People’s Government.

The company has 9 affiliated companies, including Hangzhou Jie Bai Shangsheng Trading Co., Ltd., Hangzhou Shanglv Private Equity Fund Management Co., Ltd., Yiwu Jie Bai Shopping Center Co., Ltd., Hangzhou Yuesheng Sports Brokerage Co., Ltd., Hangzhou Dasha Co., Ltd., and others.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 1.988 billion yuan, 2.027 billion yuan, and 1.753 billion yuan, respectively, with year-on-year growth rates of -6.62%, 1.96%, and -13.55%. Net profit attributable to the parent was 238 million yuan, 260 million yuan, and 247 million yuan, with year-on-year growth rates of -32.23%, 9.54%, and -4.92%. During the same period, the company’s asset-liability ratios were 49.46%, 47.97%, and 45.54%.

Regarding risks, Tianyancha information shows the company has 60 internal Tianyan risks, 137 surrounding risks, 142 historical risks, and 586 warning alert risks.