TORCH ELECTRON(SH:603678) Xin Lang Cai Jing·2025-11-21 01:28Core Viewpoint - On November 20, Torch Electronics experienced a decline of 2.69% in stock price, with a trading volume of 236 million yuan, indicating a significant market activity and investor interest [1] Financing Summary - On the same day, Torch Electronics had a financing buy-in amount of 26.67 million yuan and a financing repayment of 17.62 million yuan, resulting in a net financing buy of 9.06 million yuan [1] - As of November 20, the total financing and securities lending balance for Torch Electronics was 633 million yuan, with the financing balance accounting for 4.32% of the circulating market value, indicating a high level of leverage compared to the past year [1] - The company had a securities lending repayment of 200 shares and a securities lending sell of 3,900 shares, with a sell amount calculated at 119,800 yuan, and a securities lending balance of 1.81 million yuan, also reflecting a high level compared to the past year [1] Company Overview - Torch Electronics, established on December 20, 2007, and listed on January 26, 2015, is located in Quanzhou, Fujian Province, and specializes in the R&D, production, sales, testing, and service of electronic components and new materials [2] - The company's revenue composition includes 53.08% from international trade, 34.32% from self-produced passive components, 7.29% from self-produced ceramic materials, 4.73% from self-produced active components, and 0.57% from other sources [2] - As of September 30, the number of shareholders increased by 20.74% to 35,700, while the average circulating shares per person decreased by 17.18% to 13,315 shares [2] Financial Performance - For the period from January to September 2025, Torch Electronics reported a revenue of 2.698 billion yuan, representing a year-on-year growth of 25.41%, and a net profit attributable to shareholders of 320 million yuan, reflecting a year-on-year increase of 41.76% [2] Dividend Information - Since its A-share listing, Torch Electronics has distributed a total of 1.037 billion yuan in dividends, with 365 million yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included new entrants such as Changxin National Defense Military Industry Quantitative Mixed A and Guotai Junan Value Advantage Flexible Allocation Mixed A, indicating a shift in institutional interest [3]