珠免集团涨2.08%，成交额1.28亿元，主力资金净流入686.35万元

Core Viewpoint - Zhuhai Free Trade Group's stock has shown a recent upward trend, with a notable increase in trading volume and market activity, despite a year-to-date decline in stock price [1][2]. Company Overview - Zhuhai Free Trade Group, established on June 9, 1999, and listed on June 11, 1999, is based in Zhuhai, Guangdong Province. The company operates in real estate development, property management, sales of building materials, and duty-free goods sales [1]. - The company's revenue composition is as follows: duty-free sales account for 65.02%, real estate for 25.99%, consumer goods for 11.28%, and other sources for 0.33% [1]. Financial Performance - For the period from January to September 2025, Zhuhai Free Trade Group reported a revenue of 2.496 billion yuan, reflecting a year-on-year growth of 2.40%. However, the net profit attributable to shareholders was -565 million yuan, which represents a significant increase in losses of 38.67% compared to the previous year [2]. - The company has cumulatively distributed 1.206 billion yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders for Zhuhai Free Trade Group was 58,100, a decrease of 3.19% from the previous period. The average number of circulating shares per shareholder increased by 3.29% to 32,426 shares [2]. - The stock has experienced a year-to-date decline of 4.59%, but has seen recent gains of 3.63% over the last five trading days, 12.64% over the last 20 days, and 16.27% over the last 60 days [1]. Institutional Holdings - Among the top ten circulating shareholders as of September 30, 2025, notable positions include Southern CSI Real Estate ETF, which holds 14.2879 million shares (a decrease of 142,300 shares), and Hong Kong Central Clearing Limited, which holds 14.1039 million shares (an increase of 1.8728 million shares) [3].