GDG(SH:600098) Xin Lang Cai Jing·2025-09-26 06:05Core Viewpoint - Guangzhou Development's stock has shown a positive trend with a year-to-date increase of 8.78%, reflecting a stable performance in the energy and infrastructure sectors [1][2]. Company Overview - Guangzhou Development Group Co., Ltd. is located in Tianhe District, Guangzhou, Guangdong Province, and was established on November 13, 1992, with its listing date on July 18, 1997 [1]. - The company's main business involves investment, construction, production management, and operation in energy, infrastructure, and logistics [1]. Business Composition - The revenue composition of Guangzhou Development is as follows: coal (50.72%), natural gas (20.30%), coal-fired power generation (10.48%), natural gas power generation (6.75%), oil products (4.21%), wind power (4.03%), photovoltaic power (1.78%), coal power heat (0.85%), gas power heat (0.36%), autoclaved aerated concrete (0.20%), financial services (0.12%), property leasing (0.12%), hazardous chemical storage (0.04%), charging piles (0.02%), and energy storage (0.00%) [1]. Financial Performance - For the first half of 2025, Guangzhou Development achieved an operating income of 23.334 billion yuan, representing a year-on-year growth of 2.01%, and a net profit attributable to shareholders of 1.635 billion yuan, reflecting a significant increase of 42.56% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Guangzhou Development was 51,600, a decrease of 1.59% from the previous period, with an average of 67,765 circulating shares per shareholder, an increase of 1.61% [2]. - The company has distributed a total of 10.341 billion yuan in dividends since its A-share listing, with 2.525 billion yuan distributed in the last three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the sixth-largest circulating shareholder, holding 23.6297 million shares, an increase of 41,000 shares from the previous period. Southern CSI 500 ETF ranked as the eighth-largest circulating shareholder, holding 15.6273 million shares, an increase of 1.9676 million shares [3].