First(SH:603806) Xin Lang Cai Jing·2025-10-20 06:33Core Viewpoint - Foster's stock price has shown fluctuations, with a year-to-date increase of 3.65% but a recent decline over various trading periods, indicating potential volatility in the market [1]. Company Overview - Foster, established on May 12, 2003, and listed on September 5, 2014, is located in Lin'an District, Hangzhou, Zhejiang Province. The company specializes in the research, production, and sales of solar cell encapsulants, copolyamide hot melt adhesive films, and solar cell backsheets [2]. - The main revenue sources for Foster include photovoltaic encapsulants (90.65%), photosensitive dry films (4.08%), photovoltaic backsheets (2.20%), and other products [2]. Financial Performance - For the first half of 2025, Foster reported operating revenue of 7.959 billion yuan, a year-on-year decrease of 26.06%, and a net profit attributable to shareholders of 496 million yuan, down 46.60% year-on-year [2]. - Since its A-share listing, Foster has distributed a total of 3.669 billion yuan in dividends, with 1.361 billion yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, Foster had 71,700 shareholders, a slight decrease of 0.28% from the previous period. The average number of circulating shares per person increased by 0.28% to 36,370 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 21.06 million shares, and several ETFs, indicating a diverse institutional interest [3].