TFC(SZ:300394) Xin Lang Cai Jing·2025-11-21 01:29Core Viewpoint - Tianfu Communication's stock price increased by 4.48% on November 20, with a trading volume of 7.047 billion yuan, indicating strong market interest and activity in the stock [1]. Financing and Margin Trading - On November 20, Tianfu Communication had a financing buy-in amount of 959 million yuan and a financing repayment of 641 million yuan, resulting in a net financing buy-in of 318 million yuan [1]. - As of November 20, the total margin trading balance for Tianfu Communication was 4.759 billion yuan, with the financing balance accounting for 3.81% of the circulating market value, indicating a high level of leverage compared to the past year [1]. - The company had a margin repayment of 21,400 shares and a margin sell-out of 31,900 shares on the same day, with a sell-out amount of approximately 5.1066 million yuan [1]. Financial Performance - For the period from January to September 2025, Tianfu Communication reported a revenue of 3.918 billion yuan, representing a year-on-year growth of 63.63%, and a net profit attributable to shareholders of 1.465 billion yuan, reflecting a year-on-year increase of 50.07% [2]. - Since its A-share listing, the company has distributed a total of 2.172 billion yuan in dividends, with 1.536 billion yuan distributed over the past three years [2]. Shareholder Structure - As of November 10, the number of shareholders for Tianfu Communication was 128,000, a decrease of 13.36% from the previous period, while the average circulating shares per person increased by 15.42% to 6,060 shares [2]. - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder, holding 14.8 million shares, a decrease of 3.17 million shares from the previous period [3]. - New entrants among the top ten shareholders included Zhonghang Opportunity Leading Mixed Fund A and Yongying Technology Smart Selection Mixed Fund A, while several funds exited the list [3].