衢州发展涨2.04%，成交额3.04亿元，主力资金净流入514.33万元

Core Viewpoint - The stock of Quzhou Development has shown significant volatility, with a year-to-date increase of 52.36% and a recent decline of 8.70% over the past 20 days, indicating fluctuating investor sentiment and market conditions [1][2]. Financial Performance - For the first half of 2025, Quzhou Development reported a revenue of 707 million yuan, a substantial year-on-year decrease of 94.39%, and a net profit attributable to shareholders of 260 million yuan, down 83.07% compared to the previous year [2]. - The company has cumulatively distributed 3.749 billion yuan in dividends since its A-share listing, with 153 million yuan distributed over the last three years [3]. Stock Market Activity - As of September 30, Quzhou Development's stock price was 4.51 yuan per share, with a market capitalization of 38.375 billion yuan and a trading volume of 304 million yuan [1]. - The stock has appeared on the "Dragon and Tiger List" four times this year, with the most recent instance on August 18, where it recorded a net buy of -425 million yuan [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased to 103,100, while the average number of circulating shares per person increased by 7.13% to 82,488 shares [2]. - Major shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [3].