Tianshun Co., Ltd.'s approximately 5.88 million non-publicly issued shares will be listed and tradable starting March 20th.

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TianShun Co., Ltd. (Stock Code: 002800) issued a notice on March 17th regarding the lifting of restrictions on the public trading of shares from a non-public offering. The shares to be released are from the company’s 2020 non-public issuance of A-shares, totaling 5,880,267 shares, accounting for 3.86% of the total share capital.

The only shareholder applying for the release of restrictions is Ms. Hu Xiaoling. The shares will be listed for trading on March 20, 2026 (Friday).

According to Tianyancha, TianShun Co., Ltd. was established on December 10, 2008, with a registered capital of 152.253067 million RMB. The legal representative is Ding Zhiping, and the registered address is Room CY066, Inspection Warehouse within the Urumqi Comprehensive Bonded Zone, Tuanping North Road, Tuntunhe District, Urumqi, Xinjiang (China (Xinjiang) Pilot Free Trade Zone). The main business includes third-party logistics and supply chain management.

Currently, the company’s chairman is Ding Zhiping, the secretary is Gao Xiang, with 140 employees. The actual controllers are Wang Puyu and Hu Xiaoling.

The company has stakes in 30 subsidiaries, including Xinjiang Tianshun Supply Chain Hami Co., Ltd., Fuyun County Tianshun Supply Chain Co., Ltd., Fukang City Tianshun Logistics Co., Ltd., Xinjiang Zhongtianda Logistics Co., Ltd., Xinjiang Tianyu Lihe Supply Chain Co., Ltd., and others.

In terms of performance, the company’s revenue for 2023, 2024, and 2025 is projected to be 950 million yuan, 1.53 billion yuan, and 1.137 billion yuan, respectively, with year-over-year growth rates of -23.45%, 61.00%, and -25.68%. Net profit attributable to shareholders is expected to be -43.36 million yuan, 8.92 million yuan, and -23.83 million yuan, with year-over-year changes of -1342.15%, 120.56%, and -367.29%. During the same period, the company’s asset-liability ratios are 36.07%, 54.04%, and 48.96%.

Regarding risks, Tianyancha data shows the company has 211 internal Tianyan risks, 41 surrounding risks, 69 historical risks, and 176 warning alerts.

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