Why did Sun Qingyan sell Hangdian shares?

I can't know the purpose of Sun Qingyan's family canceling the equity transfer of Hangdian through industrial control. Maybe it's for the family, maybe it's a bigger plan, or maybe the pure industrial control party thinks the valuation is too high? However, from Sun Qingyan's frequent changes in the ownership structure in the past two years, it can be seen that selling shares may continue, or relying on listed companies to do some mergers and acquisitions. Either way, Hangdian has great potential in the future.

Hangzhou Cable TV Co., Ltd. is the core enterprise of Fuchunjiang Communication Group Co., Ltd., which was established in 1958. It is a national high-tech enterprise, a professional wire and cable manufacturing enterprise integrating scientific research, design, manufacturing and sales, and the chairman of Zhejiang Wire and Cable Industry Association.

2. Corporate culture. Enterprises believe in the purpose of "quality first, customer first" and always pay attention to brand building. The company's "Yongtong" trademark is a well-known trademark in China, a famous brand product in Zhejiang Province, a national inspection-free product, and a product satisfied by users in the national machinery industry.

3. Main achievements. In recent years, while strengthening the construction of high-tech R&D center, the company has increased R&D investment in new products and technologies, and successfully developed more than 60% high-strength heat-resistant aluminum alloy stranded wire, 750 kV transmission line expansion conductor, 220 kV intelligent temperature-measuring cable, medium-strength aluminum alloy stranded wire, steel-core aluminum alloy stranded wire, large-section and long-span series aluminum alloy conductor for power transmission engineering and other new products 10.

4. Win honor. On September 6th, 2020, 65438 was selected into the 16 Top 100 list of China machinery industry sponsored by China Machinery Industry Federation and China Automobile Industry Association, ranking 64th.

5. Major customers. The company has introduced world-class technology and equipment from the United States, France, Finland, Italy and other countries, such as Nokia CCV catenary and VCV vertical ultra-high voltage cross-linked cable production line in Finland, Portia Ф 2800 drum strander in France, and Hubble 700 kV series resonant partial discharge withstand voltage equipment in the United States. The company's main products cover 220kV and below power cables, large-section and long-span aluminum alloy wire series, special cables, overhead wires, overhead cables, wires for electrical equipment, rubber sheathed cables, mining cables and other series. Products are sold all over the country and exported to Africa, Latin America, Southeast Asia, Hong Kong and Macao. At the same time, many national key projects choose our products, such as 2008 Olympic Center (Bird's Nest), Water Cube National Swimming Pool, Olympic Village Project, Three Gorges Hydropower and Ertan Hydropower Project, Qinshan Nuclear Power Plant Project, Tianhuangping Pumped Storage Power Station, Hangzhou Xiaoshan International Airport, Beijing-Hangzhou Subway Project, etc.