天和防务涨2.06%，成交额1.01亿元，主力资金净流入216.01万元

Core Viewpoint - Tianhe Defense's stock price has shown a significant increase this year, with a year-to-date rise of 26.48%, despite recent fluctuations in trading performance [1][2]. Financial Performance - For the period from January to September 2025, Tianhe Defense reported a revenue of 267 million yuan, reflecting a year-on-year decrease of 3.36% [2]. - The company experienced a net loss attributable to shareholders of 82.9 million yuan, which is a 30% decline compared to the previous year [2]. Stock Market Activity - As of November 28, Tianhe Defense's stock price was 13.90 yuan per share, with a trading volume of 1.01 billion yuan and a turnover rate of 1.82%, resulting in a total market capitalization of 7.195 billion yuan [1]. - The stock saw a net inflow of 2.1601 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Information - As of November 20, the number of shareholders for Tianhe Defense increased to 65,200, marking a rise of 15.95% from the previous period [2]. - The average number of tradable shares per shareholder decreased by 13.75% to 6,203 shares [2]. Dividend History - Since its A-share listing, Tianhe Defense has distributed a total of 33.12 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest shareholder, increasing its holdings by 2.1929 million shares [3]. - The General Aviation ETF ranked as the eighth-largest shareholder, with an increase of 179,900 shares [3].