华阳股份涨2.10%，成交额4810.18万元，主力资金净流出261.44万元

Core Viewpoint - Huayang Co., Ltd. has shown a mixed performance in stock trading, with a year-to-date increase of 14.58% and a recent decline in revenue and net profit for the first half of 2025 [1][2]. Group 1: Stock Performance - On October 16, Huayang's stock price increased by 2.10%, reaching 7.77 CNY per share, with a total market capitalization of 28.03 billion CNY [1]. - The stock has experienced a year-to-date increase of 14.58%, with a 1.30% rise over the last five trading days, an 11.48% increase over the last 20 days, and an 18.45% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 159 million CNY on March 25 [1]. Group 2: Company Overview - Huayang Co., Ltd. was established on December 30, 1999, and listed on August 21, 2003, primarily engaged in coal production, electricity generation, and solar energy businesses [2]. - The company's main revenue sources include raw coal (52.34%), other (13.21%), washed coal (9.84%), purchased coal (9.50%), electricity supply (7.39%), washed fine coal (6.05%), coal slurry (1.35%), and heating (0.33%) [2]. - As of September 30, the number of shareholders decreased by 2.20% to 89,000, while the average circulating shares per person increased by 2.25% to 40,533 shares [2]. Group 3: Financial Performance - For the first half of 2025, Huayang reported a revenue of 11.24 billion CNY, a year-on-year decrease of 7.86%, and a net profit attributable to shareholders of 783 million CNY, down 39.75% year-on-year [2]. - The company has distributed a total of 12.93 billion CNY in dividends since its A-share listing, with 5.81 billion CNY distributed in the last three years [3]. Group 4: Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 29.68 million shares, an increase of 1.15 million shares from the previous period [3]. - The third-largest shareholder is Guotai CSI Coal ETF, holding 28.02 million shares, an increase of 581,660 shares [3]. - New institutional shareholders include Wanjia Selected A, holding 9.34 million shares, and Fuqu Coal Index A, holding 9.19 million shares [3].