CAMCE(SZ:002051) Sou Hu Cai Jing·2025-11-04 13:08Core Viewpoint - The stock of Zhonggong International (002051) has shown a decline in both price and trading volume, with significant net outflows from major funds and retail investors, indicating a bearish sentiment in the market [1][2]. Financial Performance - For the first three quarters of 2025, Zhonggong International reported a main revenue of 7.125 billion yuan, a year-on-year decrease of 17.25% - The net profit attributable to shareholders was 247 million yuan, down 23.68% year-on-year, while the non-recurring net profit increased by 0.61% to 235 million yuan [3] - In Q3 2025, the company recorded a single-quarter main revenue of 2.338 billion yuan, a decline of 24.85% year-on-year, but the net profit attributable to shareholders rose by 35.16% to 69.82 million yuan [3] Market Position and Ratios - Zhonggong International's total market value is 10.543 billion yuan, ranking 25th in the engineering construction industry, which has an average market value of 22.412 billion yuan [3] - The company has a price-to-earnings ratio of 32.03, significantly higher than the industry average of 12.9, indicating a relatively high valuation compared to peers [3] - The gross margin stands at 18.57%, above the industry average of 13.26%, while the net margin is 3.44%, compared to the industry's negative margin of -5.12% [3] Fund Flow Analysis - On November 4, 2025, major funds experienced a net outflow of 3.2585 million yuan, accounting for 4.82% of the total trading volume, while retail funds saw a net inflow of 6.2847 million yuan, representing 9.29% of the total [1][2] - Over the past five days, the stock has seen fluctuating fund flows, with notable outflows from major funds on several days, indicating a trend of selling pressure [2] Analyst Ratings - In the last 90 days, four institutions have provided ratings for Zhonggong International, with three giving a "buy" rating and one an "accumulate" rating, suggesting a generally positive outlook among analysts [4]