Amid the booming energy storage sector, Sungrow Power Supply Co., Ltd. (300274.SZ, stock price: 176.50 yuan, market cap: 365.92 billion yuan) has drawn attention as several of its directors and senior executives reduced their holdings.
On the evening of November 19, Sungrow announced that five executives had completed their reduction plans, selling a total of 329,700 shares via block trades, amounting to over 48 million yuan.
This year, Sungrow’s stock has surged dramatically, peaking at nearly a 200% increase by November 6, with its market cap exceeding 400 billion yuan. During this period, key management members began offloading shares.
Apart from the aforementioned executives, Vice Chairman and Senior Vice President Gu Yilei, Director and Senior Vice President Wu Jiamao, Vice President Deng Dejun, and Vice President Wang Lei plan to collectively sell up to 424,900 shares between November 19, 2025, and February 18, 2026.
**Five Executives Cash Out Over 48 Million Yuan** According to Sungrow’s July 25 announcement, five executives—including employee representative director and Senior Vice President Zhao Wei, Vice Presidents Chen Zhiqiang, Peng Chaocai, Lu Yang (also the board secretary), and Tian Shuai (also the CFO)—planned to sell up to 329,700 shares (0.0161% of total shares) via block trades or大宗交易 between August 18 and November 17, 2025.
Lu Yang’s sale was executed at the highest price of 191.32 yuan per share on November 13, while Peng Chaocai’s transaction was the lowest at 97.44 yuan per share on August 26—a gap of 93.88 yuan per share. Tian Shuai sold his shares on the final day of the reduction window.
In terms of proceeds, Chen Zhiqiang cashed out 24.75 million yuan, followed by Zhao Wei (17.18 million yuan), Peng Chaocai (2.68 million yuan), Lu Yang (2.01 million yuan), and Tian Shuai (1.95 million yuan). Notably, Lu Yang and Tian Shuai fully divested their unrestricted shares, retaining only restricted holdings.
**Rapid Stock Rally Prompted Earlier Postponement of Reduction Plans** Since April, Sungrow’s stock has climbed steadily from its yearly low, with multiple sharp intraday gains.
In July, another group of directors and senior executives—Gu Yilei, Wu Jiamao, Deng Dejun, and Wang Lei—initially planned to sell up to 424,900 shares between August 4 and November 3. However, after the stock surged 40% in August and accelerated in September, they suspended the plan on September 26 without executing any sales.
On October 28, Sungrow reported Q3 2025 revenue of 66.4 billion yuan (+32.95% YoY) and net profit of 11.88 billion yuan (+56.34% YoY). The same day, the four executives restarted their reduction plan, citing personal financial needs, targeting up to 424,900 shares between November 19, 2025, and February 18, 2026.
This signals that as Zhao Wei, Chen Zhiqiang, Peng Chaocai, Lu Yang, and Tian Shuai complete their sales, a new wave of executive reductions may follow.
Disclaimer: This content is for reference only and does not constitute investment advice. Verify before use. Proceed at your own risk.
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