VENUSTECH(SZ:002439) Xin Lang Cai Jing·2025-11-12 01:29Core Viewpoint - The financial performance of Qiming Star has shown a significant decline in revenue and net profit, indicating potential challenges in the information security sector [2][3]. Financing Summary - On November 11, Qiming Star's financing buy-in amounted to 18.41 million yuan, while financing repayment reached 29.05 million yuan, resulting in a net financing outflow of 10.64 million yuan [1]. - The total financing and margin trading balance for Qiming Star as of November 11 is 831 million yuan, with a financing balance of 822 million yuan, representing 5.86% of the circulating market value, which is above the 60th percentile of the past year [1]. - In terms of securities lending, Qiming Star repaid 8,900 shares and sold 33,100 shares on November 11, with a selling amount of 500,500 yuan, while the securities lending balance is 8.84 million yuan, exceeding the 90th percentile of the past year [1]. Business Performance Summary - For the period from January to September 2025, Qiming Star reported a revenue of 1.548 billion yuan, reflecting a year-on-year decrease of 33.46%, and a net profit attributable to shareholders of -216 million yuan, a decline of 2.71% year-on-year [2]. - The company's main business revenue composition includes 56.68% from security products, 42.36% from security operations and services, and 0.95% from other sources [1]. Shareholder and Dividend Information - As of September 30, 2025, Qiming Star had 94,900 shareholders, a decrease of 0.39% from the previous period, with an average of 7,645 circulating shares per person, an increase of 0.40% [2]. - Since its A-share listing, Qiming Star has distributed a total of 886 million yuan in dividends, with 518 million yuan distributed over the past three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest shareholder with 16.9496 million shares, a decrease of 3.8675 million shares from the previous period [3].