嘉诚国际（603535）11月27日主力资金净卖出856.49万元

Core Viewpoint - The stock of Jiacheng International (603535) has experienced a decline, with significant net outflows from major funds, indicating potential concerns among institutional investors [1][2]. Group 1: Stock Performance - As of November 27, 2025, Jiacheng International closed at 10.37 yuan, down 2.17% with a turnover rate of 1.16% and a trading volume of 59,200 hands, amounting to a transaction value of 62.08 million yuan [1]. - Over the past five days, the stock has shown a downward trend, with the largest decline occurring on November 21, where it fell by 3.77% [2]. Group 2: Fund Flow Analysis - On November 27, 2025, the net outflow of major funds was 856.49 million yuan, accounting for 13.8% of the total transaction value, while retail investors saw a net inflow of 206.26 million yuan, representing 3.32% of the total [1][2]. - The data indicates a mixed sentiment among different types of investors, with major funds withdrawing while retail investors are still contributing to the stock [2]. Group 3: Financial Metrics and Industry Comparison - Jiacheng International's total market value is 5.298 billion yuan, with a net asset value of 2.753 billion yuan and a net profit of 149 million yuan, ranking 27th, 33rd, and 28th respectively in the logistics industry [3]. - The company reported a gross margin of 32.56% and a net margin of 15.81%, both of which are significantly higher than the industry averages of 13.97% and 4.8% respectively, indicating strong operational efficiency [3]. - For the first three quarters of 2025, the company's main revenue was 946 million yuan, a year-on-year decrease of 3.4%, with a net profit decline of 10.41% [3].