Shanghai Ganglian(SZ:300226) Xin Lang Zheng Quan·2025-08-26 02:00Core Viewpoint - Shanghai Steel Union's stock price increased by 2.01% on August 25, with a trading volume of 887 million yuan, indicating strong market interest and activity [1] Financing Summary - On August 25, Shanghai Steel Union had a financing buy-in amount of 128 million yuan and a financing repayment of 123 million yuan, resulting in a net financing buy of 4.44 million yuan [1] - As of August 25, the total financing and securities lending balance for Shanghai Steel Union was 692 million yuan, with the financing balance at 690 million yuan, accounting for 7.36% of the circulating market value, which is above the 90th percentile level over the past year [1] - The securities lending aspect showed a repayment of 700 shares with no shares sold, and the remaining securities lending volume was 75,300 shares, with a balance of 2.21 million yuan, also exceeding the 90th percentile level over the past year [1] Business Overview - Shanghai Steel Union, established on April 30, 2000, and listed on June 8, 2011, primarily engages in B2B e-commerce services related to the steel, energy, mining, and non-ferrous metals industries [1] - The revenue composition of the company includes 97.13% from supply chain services, 1.81% from consignment services, 0.57% from data subscription services, 0.19% from business promotion services, 0.13% from conference training services, 0.11% from other services, 0.06% from research consulting services, and 0.01% from other supplementary services [1] Shareholder and Financial Performance - As of March 31, the number of shareholders for Shanghai Steel Union was 34,000, a decrease of 10.21% from the previous period, while the average circulating shares per person increased by 11.34% to 9,002 shares [2] - For the first quarter of 2025, Shanghai Steel Union reported a revenue of 15.27 billion yuan, a year-on-year decrease of 12.93%, while the net profit attributable to shareholders was 51.87 million yuan, reflecting a year-on-year increase of 5.53% [2] Dividend and Institutional Holdings - Since its A-share listing, Shanghai Steel Union has distributed a total of 135 million yuan in dividends, with 47.20 million yuan distributed over the past three years [3] - As of March 31, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 10.72 million shares, an increase of 8.45 million shares from the previous period [3] - New institutional shareholders include the Fortune Tianhui Growth Mixed Fund, holding 1.78 million shares, and the Fortune Tianrui Strong Region Selected Mixed Fund, holding 1.51 million shares [3]