MEI YAN(SH:600868) Xin Lang Cai Jing·2025-11-25 03:50Core Viewpoint - The stock of Guangdong Meiyan Jiasheng Water Power Co., Ltd. has shown fluctuations, with a recent increase of 2.12% and a year-to-date rise of 16.53%, despite a recent decline in the last five trading days [1][2]. Group 1: Stock Performance - As of November 25, the stock price reached 2.89 CNY per share, with a trading volume of 94.94 million CNY and a turnover rate of 1.75%, resulting in a total market capitalization of 5.486 billion CNY [1]. - The stock has experienced a decline of 9.97% over the last five trading days and a slight increase of 2.48% over the last 60 days [1]. - The company has appeared on the "龙虎榜" (a stock trading list) four times this year, with the most recent appearance on October 15, where it recorded a net buy of -21.60 million CNY [1]. Group 2: Company Overview - Guangdong Meiyan Jiasheng was established on January 1, 1993, and listed on September 12, 1994, primarily engaged in electricity production and manufacturing [2]. - The revenue composition includes hydropower generation (61.89%), geographic data surveying (14.77%), biogas power generation and natural gas purification/sales (8.85%), and other segments [2]. - As of September 30, the number of shareholders was 202,800, a decrease of 4.60% from the previous period, with an average of 9,360 circulating shares per person, an increase of 4.82% [2]. Group 3: Financial Performance - For the period from January to September 2025, the company reported a revenue of 207 million CNY, a year-on-year decrease of 18.54%, and a net profit attributable to shareholders of -30.85 million CNY, a significant decline of 365.34% [2]. - The company has distributed a total of 468 million CNY in dividends since its A-share listing, with 18.98 million CNY distributed over the last three years [3]. Group 4: Shareholding Structure - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which is the eighth largest shareholder with 8.50 million shares, marking its entry as a new shareholder [3].