ECH(SH:603200) Xin Lang Cai Jing·2025-11-11 03:30Core Viewpoint - Shanghai Xiba's stock price has shown significant volatility, with a year-to-date increase of 229.07%, but recent declines in the short term raise questions about future performance [1][2]. Company Overview - Shanghai Xiba Technology Co., Ltd. was established on July 4, 1994, and went public on June 1, 2017. The company specializes in comprehensive solutions for water treatment technology [2]. - The company's revenue composition includes: 40.89% from chemical sales and services, 31.82% from water treatment system operation management, 23.05% from equipment sales and installation, 3.28% from other products and services, 0.74% from duct cleaning, and 0.23% from water treatment equipment integration [2]. Financial Performance - For the period from January to September 2025, Shanghai Xiba reported a revenue of 354 million yuan, a year-on-year decrease of 5.52%. However, the net profit attributable to shareholders increased by 146.80% to 119 million yuan [2]. - The company has distributed a total of 150 million yuan in dividends since its A-share listing, with 41.09 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 106.66% to 48,800, with an average of 3,592 circulating shares per person, a decrease of 51.61% [2]. - New institutional shareholders include: Bosera Huixing Return Mixed Fund (holding 4.95 million shares), AVIC New Start Flexible Allocation Mixed Fund (holding 1.58 million shares), and Dongfang Alpha Industry Pioneer Mixed Fund (holding 1.16 million shares) [3].