Ningde Times New Energy Technology Co., Ltd. (Ningde Times) announced on November 14 that the company’s co-founder will sell 45,632,400 shares, accounting for 1% of the total share capital of the company. Based on the closing price of Ningde Times on November 14, the market value of this transaction is approximately 18.44 billion yuan.
According to the “Shareholder Inquiry Transfer Plan” released by Ningde Times on the 14th, “The shareholder participating in the inquiry transfer this time is Mr. Huang Shilin; the total number of shares to be transferred by the transferor is 45,632,363 shares, accounting for 1% of the total share capital of the company as of November 13, 2025. This inquiry transfer will not be conducted through centralized bidding trading or block trading, and does not belong to reduction through the secondary market. The transferee shall not transfer the shares received through the inquiry transfer within 6 months after the transfer.” “The reason for the transfer is the need for personal funds.”
The “Shareholder Inquiry Transfer Plan” also states, “Mr. Huang Shilin, the transferor of this inquiry transfer, is not a controlling shareholder, actual controller, director, or senior management of Ningde Times, but a shareholder holding over 5% of Ningde Times.”
Based on Ningde Times’ closing price of 404.12 yuan/share on November 14, the estimated market value of this transaction is approximately 18.44 billion yuan.
Public records show that Huang Shilin is one of the core founders of Ningde Times and has held positions such as Research and Development Director, General Manager, Vice Chairman, and Deputy General Manager of Ningde Times. In August 2022, Ningde Times stated publicly, “Due to personal career considerations, Huang Shilin applied to resign from the positions of Vice Chairman, Director, member of the Board’s Strategic Committee, and Deputy General Manager of the company.”
Regarding Huang Shilin’s reduction of shareholding for cash this time, there is speculation in the industry that it may be related to his focus on the energy storage business. TIAN YAN CHA shows that currently, Huang Shilin is a shareholder in more than 10 companies, including Fujian Era Nebula Technology Co., Ltd., Fujian Jixinguang Energy Storage Inspection Technology Co., Ltd., Fujian Jizhi Energy Storage Technology Co., Ltd., and many other energy storage-related enterprises.
As for whether this equity transfer will affect the stability of Ningde Times’ stock price, Ningde Times did not respond to inquiries from the mainland media “Daily Economic News.”
Public records show that Ningde Times New Energy Technology Co., Ltd. was established in 2011, headquartered in Ningde City, Fujian Province, and is a leading global new energy innovative technology enterprise focusing on the research, development, production, and sales of power batteries and energy storage systems.
As of the closing on November 14, Ningde Times’ stock price was reported at 404.12 yuan/share, down by 2.76%, with a total market value of 18.44 trillion yuan.