VRV(SZ:300352) Xin Lang Cai Jing·2025-09-17 07:04Core Viewpoint - North Trust Source's stock has shown a significant increase in price and trading activity, indicating positive market sentiment despite a decline in revenue and profit for the first half of 2025 [1][2]. Company Overview - Beijing North Trust Source Software Co., Ltd. was established on May 28, 1996, and listed on September 12, 2012. The company specializes in the research, production, sales, and technical services of information security software products, serving key national industries such as government, military, finance, and energy [2]. - The revenue composition of North Trust Source includes 51.85% from software products, 22.30% from technical services, 16.47% from system integration, and 9.37% from other sources [2]. - The company is categorized under the computer software development industry, with concepts including digital currency, data elements, blockchain, smart governance, and Huawei Kunpeng [2]. Financial Performance - For the first half of 2025, North Trust Source reported an operating income of 108 million yuan, a year-on-year decrease of 53.72%, and a net profit attributable to shareholders of -97.11 million yuan, a decrease of 47.94% year-on-year [2]. - Since its A-share listing, North Trust Source has distributed a total of 117 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of North Trust Source increased to 100,200, up by 4.21% from the previous period, with an average of 12,744 circulating shares per person, a decrease of 4.04% [2]. - The top ten circulating shareholders include Southern CSI 1000 ETF, which holds 13.37 million shares, and Huaxia CSI 1000 ETF, holding 7.89 million shares, both showing increases in holdings compared to the previous period [3].