Transwarp(SH:688031) Xin Lang Cai Jing·2025-10-13 01:39Core Viewpoint - On October 10, 2023, Star Ring Technology experienced a decline of 7.87% in stock price, with a trading volume of 292 million yuan, indicating market volatility and investor sentiment concerns [1]. Financing Summary - On the same day, Star Ring Technology had a financing buy-in amount of 38.79 million yuan, with a financing repayment of 37.16 million yuan, resulting in a net financing buy of 1.63 million yuan [1]. - As of October 10, the total financing and securities lending balance for Star Ring Technology was 231 million yuan, with the financing balance accounting for 4.46% of the circulating market value, indicating a high level compared to the past year [1]. - The financing balance of 230 million yuan is above the 80th percentile of the past year, suggesting strong investor interest [1]. Securities Lending Summary - On October 10, Star Ring Technology repaid 400 shares in securities lending and sold 420 shares, with the selling amount calculated at 23,100 yuan based on the closing price [1]. - The remaining securities lending volume was 5,620 shares, with a securities lending balance of 308,600 yuan, which is below the 50th percentile of the past year, indicating a relatively low level of short selling activity [1]. Company Overview - Star Ring Technology, established on June 5, 2013, and listed on October 18, 2022, is based in Shanghai and specializes in enterprise-level big data infrastructure software development [2]. - The company's main business revenue composition includes software products and technical services (72.84%), solutions (22.37%), integrated hardware and software products and services (4.49%), and other business income (0.30%) [2]. - As of June 30, 2023, the number of shareholders for Star Ring Technology was 10,700, an increase of 3.95% from the previous period, while the average circulating shares per person decreased by 3.80% to 8,801 shares [2]. Financial Performance - For the period from January to June 2025, Star Ring Technology achieved an operating income of 153 million yuan, representing a year-on-year growth of 8.82% [2]. - The net profit attributable to the parent company was -143 million yuan, showing a year-on-year increase of 25.24%, indicating improved performance despite a negative profit [2]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Star Ring Technology, Galaxy Zhihui Mixed A (519644) was the tenth largest shareholder with 1.20 million shares, marking a new entry [2]. - Both招商优势企业混合A (217021) and 景顺长城研究精选股票A (000688) exited the list of the top ten circulating shareholders [2].