HANGYANG LIMITED(SZ:002430) Sou Hu Cai Jing·2025-10-30 02:47Core Viewpoint - Hangyang Co., Ltd. has recently announced a significant shareholding increase by CITIC Financial Assets, which has positively impacted the company's stock price, reflecting confidence in its future growth potential [1][4]. Shareholding Changes - On October 28, 2025, CITIC Financial Assets acquired 13,968,400 shares of Hangyang, increasing its stake from 3.57% to 5.00% of the total share capital [1][3]. - The transaction was executed through a block trade, with a total volume of 13,968,400 shares and a transaction value of 364 million yuan, at a price of 26.06 yuan per share, slightly below the closing price of 26.14 yuan [3][4]. Financial Performance - For Q3 2025, Hangyang reported revenue of 4.101 billion yuan, a year-on-year increase of 13.12%, and a net profit attributable to shareholders of 278 million yuan, up 16.79% [4][6]. - For the first three quarters of 2025, the company achieved a revenue of 11.428 billion yuan, reflecting a 10.39% year-on-year growth, and a net profit of 757 million yuan, which is a 12.14% increase compared to the previous year [4][6]. Shareholder Composition - The top ten circulating shareholders include new institutional investors, such as the National Social Security Fund and China Life Insurance, indicating growing institutional interest in Hangyang [4][5]. - The largest shareholder remains Hangzhou Hangyang Holding Co., Ltd., holding 54.15% of the shares, while CITIC Financial Assets is now the second-largest shareholder [5][6]. Business Overview - Hangyang specializes in the production and sale of air separation equipment and low-temperature petrochemical equipment, and has expanded into new energy sectors, including hydrogen production and carbon capture [6][7]. - The company has maintained a high gross margin of 29.9% for its air separation equipment, indicating robust profitability [7].