天山股份跌2.04%，成交额1.81亿元，主力资金净流出1445.09万元

Core Viewpoint - Tianshan Co., Ltd. has experienced a decline in stock price recently, with a year-to-date increase of 10.25% but a notable drop of 6.02% in the last five trading days [2][3]. Group 1: Stock Performance - As of October 20, Tianshan's stock price was 6.24 CNY per share, with a market capitalization of 44.369 billion CNY [1]. - The stock has seen a year-to-date increase of 10.25%, but has declined by 6.02% over the last five trading days and 5.02% over the last 20 days [2]. - The stock has been on the "龙虎榜" (a stock trading list) once this year, with the last appearance on July 23, where it recorded a net buy of -295 million CNY [2]. Group 2: Financial Performance - For the first half of 2025, Tianshan reported a revenue of 35.98 billion CNY, a year-on-year decrease of 9.37%, while the net profit attributable to shareholders was -922 million CNY, an increase of 73% year-on-year [3]. - The company has distributed a total of 8.718 billion CNY in dividends since its A-share listing, with 3.327 billion CNY distributed in the last three years [4]. Group 3: Shareholder Information - As of June 30, 2025, Tianshan had 77,900 shareholders, an increase of 6.08% from the previous period, with an average of 91,309 circulating shares per shareholder, up by 267.85% [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 27.8878 million shares, a decrease of 9.846 million shares from the previous period [4]. Group 4: Business Overview - Tianshan Co., Ltd. is primarily engaged in the production and sale of cement, clinker, ready-mixed concrete, and aggregates, with revenue composition as follows: 63.16% from cement and clinker, 28.24% from ready-mixed concrete, 5.55% from aggregates, and 3.05% from other sources [2]. - The company is classified under the building materials industry, specifically in cement manufacturing, and is associated with concepts such as the Kashgar Planning Area and state-owned enterprise reform [2].