Xin Lang Cai Jing·2025-11-12 01:48Core Viewpoint - Postal Savings Bank of China (PSBC) shows stable performance with a slight increase in net profit, while financing and margin trading activities indicate low investor engagement and high short-selling interest [1][2][3] Financing Summary - On November 11, PSBC recorded a financing buy-in of 63.89 million yuan and a financing repayment of 52.19 million yuan, resulting in a net financing buy of 11.70 million yuan [1] - The total financing and margin trading balance reached 848 million yuan, with the financing balance at 844 million yuan, accounting for 0.22% of the market capitalization, which is below the 20th percentile of the past year [1] - The short-selling activity included a repayment of 25,300 shares and a sale of 600 shares, with a short-selling balance of 436,000 yuan, indicating a high level of short-selling compared to the past year [1] Company Overview - PSBC, established on March 6, 2007, and listed on December 10, 2019, provides a range of banking and financial services in China, focusing on personal banking, corporate banking, and fund operations [2] - The revenue composition includes 65.15% from personal banking, 22.71% from corporate banking, and 12.10% from fund operations, with other services contributing 0.04% [2] - As of September 30, 2025, PSBC reported a net profit of 76.56 billion yuan, reflecting a year-on-year growth of 0.98% [2] Dividend Summary - Since its A-share listing, PSBC has distributed a total of 137.80 billion yuan in dividends, with 77.40 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders of PSBC include Hong Kong Central Clearing Limited, which holds 520 million shares, a decrease of 422 million shares from the previous period [3] - Other notable shareholders include Huaxia SSE 50 ETF, Huatai-PB CSI 300 ETF, and E Fund CSI 300 ETF, all of which have seen reductions in their holdings [3]