CBMT(SH:603099) Xin Lang Cai Jing·2025-10-21 01:37Core Insights - On October 20, Changbai Mountain's stock rose by 8.81%, with a trading volume of 1.283 billion yuan [1] - The company experienced a net financing outflow of 16.19 million yuan on the same day, with total financing and margin trading balance reaching 315 million yuan [1] Financing and Margin Trading - On October 20, Changbai Mountain had a financing buy-in of 102 million yuan, while the current financing balance is 314 million yuan, accounting for 2.27% of the circulating market value [1] - The financing balance is above the 90th percentile level over the past year, indicating a high level of financing activity [1] - In terms of margin trading, 400 shares were repaid, and 2,500 shares were sold on October 20, with a selling amount of 129,700 yuan [1] - The margin balance is 684,800 yuan, also exceeding the 90th percentile level over the past year [1] Company Overview - Changbai Mountain Tourism Co., Ltd. is located in the Changbai Mountain Protection and Development Zone, Jilin Province, established on December 8, 2010, and listed on August 22, 2014 [1] - The company's main business includes tourism services, with revenue composition as follows: 66.82% from tourism transportation, 24.09% from hotel services, 6.82% from other businesses, and 2.28% from travel agency services [1] Shareholder and Financial Performance - As of June 30, the number of shareholders for Changbai Mountain was 36,600, a decrease of 24.52% from the previous period [2] - The average number of circulating shares per person increased by 32.48% to 7,289 shares [2] - For the first half of 2025, the company reported a revenue of 235 million yuan, a year-on-year decrease of 7.44%, and a net profit attributable to shareholders of -2.05 million yuan, a decrease of 109.75% [2] - Since its A-share listing, Changbai Mountain has distributed a total of 144 million yuan in dividends, with 42.53 million yuan distributed over the past three years [2] Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders included notable funds such as the Fortune China Securities Tourism Theme ETF, which held 1.3775 million shares, down by 602,000 shares from the previous period [2] - New institutional shareholders include Guangfa Xinxiang Mixed A and Southern CSI 1000 ETF, among others [2]