CAERI(SH:601965) Xin Lang Cai Jing·2025-10-21 01:31Core Viewpoint - China Automotive Engineering Research Institute Co., Ltd. (China Automotive Research) has shown fluctuations in stock performance and financing activities, indicating a mixed outlook for the company in the automotive technology service and equipment manufacturing sector [1][2]. Financing Activities - On October 20, China Automotive Research's stock fell by 1.22%, with a trading volume of 131 million yuan. The financing buy-in amounted to 10.18 million yuan, while financing repayment was 9.17 million yuan, resulting in a net financing buy of 1.01 million yuan [1]. - As of October 20, the total financing and securities lending balance for China Automotive Research was 191 million yuan, with the current financing balance at 188 million yuan, representing 1.11% of the circulating market value, which is above the 90th percentile of the past year [1]. - In terms of securities lending, on October 20, the company repaid 4,600 shares and sold 8,800 shares, with a selling amount of 149,600 yuan. The remaining securities lending volume was 188,300 shares, with a balance of 3.20 million yuan, also above the 80th percentile of the past year [1]. Company Overview - China Automotive Research, established on January 11, 2001, and listed on June 11, 2012, is primarily engaged in automotive technology services and equipment manufacturing. The revenue composition includes 89.80% from automotive technology services, with 65.58% from complete vehicle and traditional parts development and testing, and 16.21% from new energy and intelligent connected vehicle development and testing [2]. - As of June 30, 2025, the company reported a revenue of 1.911 billion yuan, a year-on-year decrease of 4.48%, while the net profit attributable to shareholders was 409 million yuan, reflecting a year-on-year increase of 1.84% [2]. Dividend Distribution - Since its A-share listing, China Automotive Research has distributed a total of 2.747 billion yuan in dividends, with 973 million yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included new entrants such as China Europe Pension Mixed A, holding 9.0103 million shares, and other notable changes in holdings among existing shareholders [3].