TKGF(SH:601233) Xin Lang Zheng Quan·2025-09-30 01:22Core Viewpoint - Tongkun Co., Ltd. has shown mixed financial performance with a decrease in revenue but an increase in net profit for the first half of 2025, indicating potential resilience in profitability despite revenue challenges [2]. Financing and Trading Activity - On September 29, 2023, Tongkun's stock price increased by 0.13% with a trading volume of 467 million yuan. The financing buy-in amount was 26.94 million yuan, while the financing repayment was 52 million yuan, resulting in a net financing outflow of 25.06 million yuan. The total financing and securities balance reached 1.92 billion yuan [1]. - The current financing balance of 1.91 billion yuan represents 5.32% of the circulating market value, which is below the 10% percentile level over the past year, indicating a low financing level [1]. - On the same day, the company repaid 48,600 shares in securities lending, with no shares sold, resulting in a securities lending balance of 1.24 million yuan, which is above the 90% percentile level over the past year, indicating a high level of securities lending [1]. Financial Performance - For the first half of 2025, Tongkun reported operating revenue of 44.16 billion yuan, a year-on-year decrease of 8.41%. However, the net profit attributable to shareholders increased by 2.93% to 1.10 billion yuan [2]. - Since its A-share listing, Tongkun has distributed a total of 3.20 billion yuan in dividends, with 341 million yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders for Tongkun was 70,600, a decrease of 0.22% from the previous period. The average circulating shares per person increased by 0.22% to 33,944 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest with 26.46 million shares, a decrease of 7.38 million shares from the previous period. Southern CSI 500 ETF is the eighth largest with 24.99 million shares, an increase of 3.48 million shares, while HSBC Jintrust New Power Mixed A is the ninth largest with 22.89 million shares, marking a new entry [3].