Xin Lang Cai Jing·2025-10-22 06:32Core Viewpoint - Postal Savings Bank of China (PSBC) shows a mixed performance in trading and financing activities, with low financing balance and high short-selling volume, indicating potential investor caution and market dynamics [1][2]. Financing Activities - On October 21, PSBC recorded a financing buy-in of 1.09 billion yuan, with a net financing purchase of 1470.94 million yuan, while the total financing and securities lending balance reached 8.69 billion yuan [1]. - The current financing balance of 8.64 billion yuan accounts for 0.23% of the circulating market value, which is below the 20th percentile level over the past year, indicating a low financing level [1]. Short-selling Activities - On the same day, PSBC saw a short-selling repayment of 150,800 shares and a short-selling amount of 76,000 shares, amounting to 43,100 yuan at the closing price [1]. - The remaining short-selling volume stands at 936,100 shares, with a short-selling balance of 5.31 million yuan, which exceeds the 70th percentile level over the past year, indicating a relatively high short-selling position [1]. Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, primarily provides banking and related financial services in China, with a business structure comprising personal banking (65.15%), corporate banking (22.71%), and funding operations (12.10%) [2]. - As of June 30, 2025, PSBC reported a net profit of 49.23 billion yuan, reflecting a year-on-year growth of 0.85% [2]. Shareholder Information - Since its A-share listing, PSBC has distributed a total of 137.80 billion yuan in dividends, with 77.40 billion yuan distributed over the past three years [3]. - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 942 million shares, an increase of 60.83 million shares from the previous period [3].