Xin Lang Cai Jing·2025-10-23 01:24Core Viewpoint - Postal Savings Bank of China (PSBC) shows a mixed performance in trading and financing activities, with a slight increase in stock price but low financing balance and high short-selling volume [1][2]. Trading Performance - On October 22, PSBC's stock price increased by 1.06%, with a trading volume of 915 million yuan [1]. - The net financing buy on the same day was -2.78 million yuan, indicating more selling than buying in the financing market [1]. Financing Activities - PSBC had a financing buy of 100 million yuan and a financing repayment of 103 million yuan on October 22, resulting in a total financing balance of 866 million yuan [1]. - The current financing balance of 861 million yuan accounts for 0.22% 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 October 22, PSBC repaid 58,600 shares in short selling and sold 25,100 shares, with a selling amount of 143,800 yuan based on the closing price [1]. - The remaining short selling volume is 902,600 shares, with a short selling balance of 5.17 million yuan, which is above 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, provides banking and related financial services in China [2]. - The bank's main business segments include personal banking (65.15% of revenue), corporate banking (22.71%), and funding operations (12.10%) [2]. Financial Performance - For the first half of 2025, PSBC reported a net profit of 49.23 billion yuan, a year-on-year increase of 0.85% [2]. - The total cash dividends distributed by PSBC since its A-share listing amount to 137.80 billion yuan, with 77.40 billion yuan distributed in the last three years [3]. Shareholder Structure - As of June 30, 2025, PSBC had 164,100 shareholders, a decrease of 10.31% from the previous period [2]. - Major shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 6.08 million shares, and several ETFs that also increased their positions [3].