CRCHI(SH:688425) Xin Lang Cai Jing·2025-11-17 01:27Core Viewpoint - China Railway Construction Heavy Industry Group Co., Ltd. is experiencing fluctuations in its stock performance and financing activities, indicating a complex market environment and potential investment opportunities [1][2]. Financing Activities - On November 14, the company's stock price fell by 0.38%, with a trading volume of 88.8 million yuan. The financing buy-in amount was 7.6 million yuan, while the financing repayment was 16.5 million yuan, resulting in a net financing outflow of 8.9 million yuan [1]. - As of November 14, the total financing and securities lending balance for the company was 666 million yuan, with the financing balance accounting for 2.35% of the circulating market value, indicating a high level compared to the past year [1]. - The company repaid 6,400 shares in securities lending and sold 1,400 shares on the same day, with a selling amount of 7,378 yuan. The securities lending balance was 4.68 million yuan, also at a high level compared to the past year [1]. Business Overview - China Railway Construction Heavy Industry was established on November 23, 2006, and listed on June 22, 2021. Its main business includes the design, research and development, manufacturing, sales, leasing, and service of tunneling machines, rail transit equipment, and specialized equipment [2]. - The revenue composition includes tunneling machines (64.05%), rail transit equipment (22.66%), and specialized equipment (12.87%), with various subcategories contributing to the overall revenue [2]. - For the period from January to September 2025, the company reported a revenue of 6.63 billion yuan, a year-on-year decrease of 2.44%, and a net profit attributable to shareholders of 1.00 billion yuan, also down by 2.47% year-on-year [2]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 69,300, with an average of 76,999 circulating shares per person, a decrease of 14.48% from the previous period [2]. - The company has distributed a total of 2.01 billion yuan in dividends since its A-share listing, with 1.49 billion yuan distributed over the past three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the second-largest, holding 36.97 million shares, an increase of 12.95 million shares from the previous period [3].