Hytera(SZ:002583) Xin Lang Cai Jing·2025-09-09 06:21Core Viewpoint - Hainengda's stock has experienced a decline of 15.20% year-to-date, with significant trading activity and net outflows of capital, indicating potential concerns among investors [1][2]. Company Overview - Hainengda Communication Co., Ltd. is based in Shenzhen, Guangdong, and was established on May 11, 1993, with its IPO on May 27, 2011. The company specializes in the R&D, production, and sales of professional wireless communication equipment, including intercom terminals and cluster systems, and is a leading provider in China's professional wireless communication industry [2]. - The company's revenue composition is as follows: terminals 44.36%, systems 42.37%, and OEM and others 13.27% [2]. Financial Performance - For the first half of 2025, Hainengda reported operating revenue of 2.259 billion yuan, a year-on-year decrease of 17.50%, and a net profit attributable to shareholders of 93.58 million yuan, down 42.37% year-on-year [2]. - The company has cumulatively distributed 309 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Structure - As of June 30, 2025, Hainengda had 290,500 shareholders, an increase of 1.57% from the previous period, with an average of 4,415 circulating shares per shareholder, a decrease of 1.54% [2][3]. - Major shareholders include Hong Kong Central Clearing Limited, Southern CSI 1000 ETF, and Huaxia CSI 1000 ETF, with notable increases in their holdings [3]. Market Activity - On September 9, Hainengda's stock price fell by 2.03% to 12.05 yuan per share, with a trading volume of 347 million yuan and a turnover rate of 2.22%, resulting in a total market capitalization of 21.914 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" five times this year, with the most recent instance on June 13, where it recorded a net purchase of 324 million yuan [1].