DTPC(SH:600719) Xin Lang Cai Jing·2025-11-19 02:04Core Viewpoint - Dalian Thermal Power's stock has experienced a decline, with a 10.38% drop year-to-date and a 2.14% decrease on November 19, 2023, indicating potential challenges in the company's performance and market perception [1]. Financial Performance - For the period from January to September 2025, Dalian Thermal Power reported operating revenue of 380 million yuan, a year-on-year decrease of 6.32%. However, the net profit attributable to shareholders was -113 million yuan, showing a year-on-year increase of 3.28% [2]. - The company has cumulatively distributed 186 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of November 10, 2023, the number of shareholders for Dalian Thermal Power was 39,000, reflecting a decrease of 2.50% from the previous period. The average circulating shares per person increased by 2.56% to 10,374 shares [2]. - Notably, as of September 30, 2025, the second-largest circulating shareholder is the Nuoan Multi-Strategy Mixed A fund, holding 2.54 million shares, indicating new institutional interest [3]. Market Activity - On November 19, 2023, Dalian Thermal Power's stock price was 6.39 yuan per share, with a trading volume of 17.55 million yuan and a turnover rate of 0.67%. The total market capitalization stood at 2.585 billion yuan [1]. - The stock has seen a net outflow of 1.74 million yuan in principal funds, with large orders accounting for 5.26% of purchases and 15.16% of sales [1]. Business Overview - Dalian Thermal Power, established on September 1, 1993, and listed on July 16, 1996, is primarily engaged in combined heat and power generation and centralized heating. The main revenue sources are heat supply (44.24%), electricity (5.37%), and other business activities [1]. - The company is classified under the public utility sector, specifically in electricity and heat services, and is associated with concepts such as micro-cap stocks, small-cap stocks, and revitalization of Northeast China [1].