Highton Development(SH:603162) Xin Lang Cai Jing·2025-11-18 10:19Core Viewpoint - The company, Haitong Development, experienced a significant drop in stock price, reaching the daily limit down, with a trading volume of 621 million yuan and a turnover rate of 18.35% [1] Company Overview - Haitong Development is located at 42nd floor, Shenglong Global Building, No. 23 Changting Street, Taijiang District, Fuzhou, Fujian Province, and was established on March 19, 2009, with its stock listed on March 29, 2023 [3][8] - The company primarily engages in domestic coastal and international ocean dry bulk transportation, with shipping revenue accounting for 90.84% of total income [8] - As of September 30, 2025, the company reported a revenue of 3.009 billion yuan, a year-on-year increase of 16.32%, while net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8] Business Performance - The company has developed into a leading player in the domestic private dry bulk shipping sector, particularly in coal transportation, becoming the largest private shipping company in terms of coal transport volume from the Bohai Bay to the Yangtze River estuary [3][4] - The overseas revenue accounted for 65.04% of total revenue, benefiting from the depreciation of the RMB [4] Market Activity - The stock has seen a net outflow of 39.67 million yuan from major investors today, with a lack of clear trend in major holdings [5][6] - The average trading cost of the stock is 11.86 yuan, with the current price approaching a resistance level of 11.95 yuan, indicating potential for a price correction if this level is not surpassed [7]