Piotech (SH:688072) Xin Lang Zheng Quan·2025-11-05 01:22Core Insights - On November 4, Tuojing Technology's stock rose by 3.19%, with a trading volume of 2.878 billion yuan [1] - As of November 4, the total margin balance for Tuojing Technology was 1.145 billion yuan, indicating a high level of margin activity [1][2] - For the period from January to September 2025, Tuojing Technology reported a revenue of 4.22 billion yuan, representing a year-on-year growth of 85.27%, and a net profit of 557 million yuan, up 105.14% year-on-year [2] Financing and Margin Activity - On November 4, Tuojing Technology had a financing buy-in of 292 million yuan, with a net buy of 65.51 million yuan after repayments [1] - The current financing balance of 1.119 billion yuan accounts for 1.31% of the circulating market value, exceeding the 90th percentile of the past year [1] - In terms of securities lending, Tuojing Technology had a remaining short position of 83,100 shares, with a short balance of 25.318 million yuan, also at a high level [1] Shareholder and Institutional Holdings - As of September 30, the number of shareholders for Tuojing Technology increased by 78.46% to 25,200, while the average circulating shares per person decreased by 43.97% to 11,091 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.1205 million shares, a decrease of 1.7072 million shares from the previous period [2] - Other notable institutional shareholders include E Fund and Huaxia ETFs, all of which have seen a reduction in their holdings [2]