CBMT(SH:603099) Xin Lang Cai Jing·2025-10-23 01:37Core Insights - Changbai Mountain's stock price decreased by 1.79% on October 22, with a trading volume of 635 million yuan [1] - The company experienced a net financing purchase of approximately 20.46 million yuan on the same day, indicating strong investor interest despite the stock price decline [1] Financing and Margin Trading - On October 22, Changbai Mountain had a financing buy-in amount of 77.37 million yuan and a financing repayment of 56.91 million yuan, resulting in a net financing purchase of 20.46 million yuan [1] - The total margin trading balance for Changbai Mountain reached 365 million yuan, with the financing balance accounting for 2.73% of the circulating market value, indicating a high level of leverage compared to the past year [1] - In terms of short selling, 200 shares were repaid while 2,300 shares were sold short, with a short selling amount of approximately 115,000 yuan [1] Company Overview - Changbai Mountain Tourism Co., Ltd. is located in the Changbai Mountain Protection and Development Zone, Jilin Province, and was established on December 8, 2010, with its stock listed on August 22, 2014 [1] - The company's main business includes tourism services, with revenue composition as follows: 66.82% from tourist transportation, 24.09% from hotel operations, 6.82% from other services, 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, while the average 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, reflecting a significant decline 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, among the top ten circulating shareholders, the Fortune CSI Tourism Theme ETF held 1.38 million shares, a decrease of 602,000 shares from the previous period [2] - New institutional shareholders include Guangfa Xinxiang Mixed A and Southern CSI 1000 ETF, while Huabao Advanced Growth Mixed has exited the top ten circulating shareholders list [2]