Guangdong Hongda (SZ:002683) Xin Lang Zheng Quan·2025-12-01 05:18Core Viewpoint - Guangdong Hongda's stock price has shown significant volatility, with a year-to-date increase of 55.14% and a recent decline over the past 20 days, indicating potential market fluctuations and investor sentiment shifts [1][2]. Company Overview - Guangdong Hongda, established on May 14, 1988, and listed on June 12, 2012, is based in Guangzhou, specializing in civil explosive products and related services [1]. - The company's revenue composition includes open-pit mining (58.54%), industrial explosives (12.43%), underground mining (11.82%), chemical products (10.47%), detonators (2.68%), liquefied natural gas (2.39%), defense equipment (0.88%), and others (0.80%) [1]. Financial Performance - For the period from January to September 2025, Guangdong Hongda reported a revenue of 14.552 billion yuan, reflecting a year-on-year growth of 56.95%, while the net profit attributable to shareholders was 653 million yuan, a slight increase of 0.54% [2]. - The company has distributed a total of 2.248 billion yuan in dividends since its A-share listing, with 1.288 billion yuan distributed over the last three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 26,700, with an average of 24,731 shares held per shareholder, a decrease of 6.48% [2]. - Notable institutional shareholders include Hong Kong Central Clearing Limited, which is the third-largest shareholder, and several funds from GF Fund Management, indicating growing institutional interest [3].