CFHI(SH:601106) Xin Lang Cai Jing·2025-09-18 01:29Summary of Key Points Core Viewpoint - China First Heavy Industries (中国一重) has shown mixed financial performance with a significant drop in revenue but an increase in net profit year-over-year, indicating potential operational adjustments or cost management strategies [2]. Financing and Trading Activity - On September 17, China First Heavy Industries had a trading volume of 1.00 billion yuan, with a net financing outflow of 179.66 million yuan, indicating a higher level of financing activity compared to the previous year [1]. - The company's current financing balance is 4.53 billion yuan, which constitutes 2.16% of its market capitalization, placing it in the 90th percentile of the past year [1]. - The short selling activity on the same day included a repayment of 9,800 shares and a sale of 46,400 shares, with a total selling amount of 141,500 yuan, reflecting a lower short selling interest [1]. Financial Performance - For the first half of 2025, China First Heavy Industries reported a revenue of 4.681 billion yuan, a decrease of 46.24% year-over-year, while the net profit attributable to shareholders was -106 million yuan, showing a 38.97% increase compared to the previous period [2]. - The company has not distributed any dividends in the last three years, with a total payout of 199 million yuan since its A-share listing [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased to 232,600, while the average number of circulating shares per person increased by 2.41% to 29,477 shares [2]. - Among the top ten circulating shareholders, Southern CSI 500 ETF holds 40.9688 million shares, an increase of 5.7668 million shares from the previous period, while Hong Kong Central Clearing Limited holds 40.7701 million shares, up by 13.393 million shares [3].