Vanward(SZ:002543) Xin Lang Cai Jing·2025-10-09 01:31Core Viewpoint - Wanhe Electric experienced a slight decline in stock price, with significant trading activity and notable financing and margin trading metrics, indicating a high level of market interest and potential volatility [1]. Financing Summary - On September 30, Wanhe Electric had a financing buy-in amount of 7.67 million yuan, while financing repayments totaled 11.31 million yuan, resulting in a net financing outflow of 3.65 million yuan [1]. - The total financing and margin trading balance for Wanhe Electric reached 68.04 million yuan, with the financing balance accounting for 0.75% of the circulating market value, indicating a high level compared to the past year [1]. - The company had a margin trading repayment of 35,100 shares and a margin sell-out of 200 shares, with a margin balance of 279,700 yuan, also reflecting a high level compared to the past year [1]. Business Performance Summary - As of June 30, Wanhe Electric reported a total of 15,700 shareholders, a decrease of 15.80% from the previous period, while the average circulating shares per person increased by 18.76% to 42,103 shares [2]. - For the first half of 2025, Wanhe Electric achieved operating revenue of 4.08 billion yuan, representing a year-on-year growth of 7.14%, and a net profit attributable to shareholders of 379 million yuan, up 6.68% year-on-year [2]. Dividend and Shareholding Summary - Since its A-share listing, Wanhe Electric has distributed a total of 3.205 billion yuan in dividends, with 932 million yuan distributed over the past three years [3]. - As of June 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited, holding 30.89 million shares, an increase of 181,300 shares from the previous period, and Hong Kong-based dividend low volatility fund, holding 29.16 million shares, an increase of 4.79 million shares [3].