NNCC(SH:600435) Xin Lang Zheng Quan·2025-09-11 01:20Core Viewpoint - Northern Navigation has shown significant financial growth, with a notable increase in revenue and net profit, indicating strong operational performance and potential investment opportunities [2][3]. Financing Summary - On September 10, Northern Navigation's financing buy-in amounted to 18.13 million yuan, while financing repayment reached 42.98 million yuan, resulting in a net financing outflow of 24.85 million yuan [1]. - As of September 10, the total financing and securities lending balance for Northern Navigation was 833 million yuan, with the financing balance at 828 million yuan, representing 3.97% of the circulating market value, which is above the 80th percentile of the past year [1]. - The company had a securities lending balance of 4.48 million yuan, with a lending volume of 32.36 million shares, indicating a low level compared to the 20th percentile of the past year [1]. Financial Performance - For the first half of 2025, Northern Navigation reported a revenue of 1.703 billion yuan, reflecting a year-on-year growth of 481.19%, and a net profit attributable to shareholders of 116 million yuan, up 256.59% year-on-year [2]. - Cumulatively, since its A-share listing, Northern Navigation has distributed a total of 603 million yuan in dividends, with 150 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, Northern Navigation had 172,400 shareholders, a decrease of 3.53% from the previous period, with an average of 8,761 circulating shares per shareholder, an increase of 3.65% [2]. - Notable institutional shareholders include Guotou Ruijin National Security Mixed A, which increased its holdings by 3.12 million shares, and other ETFs that also saw increases in their shareholdings [3].