SMHC(SH:600131) Xin Lang Zheng Quan·2025-12-02 02:51Core Viewpoint - The stock of State Grid Information Communication Co., Ltd. has experienced a decline in both price and trading volume, with a notable net outflow of funds, indicating potential investor concerns about the company's performance and market position [1][2]. Financial Performance - As of September 30, 2025, the company achieved a revenue of 5.687 billion yuan, representing a year-on-year growth of 51.80%. The net profit attributable to shareholders was 351 million yuan, reflecting a year-on-year increase of 17.85% [2]. - Cumulative cash dividends since the company's A-share listing amount to 1.585 billion yuan, with 695 million yuan distributed over the past three years [3]. Stock Market Activity - On December 2, the stock price fell by 2.03%, trading at 16.39 yuan per share, with a total market capitalization of 19.641 billion yuan. The stock has declined by 12.54% year-to-date and has seen a 10.83% drop over the past 20 trading days [1]. - The company experienced a net outflow of 27.5587 million yuan in principal funds, with significant selling pressure observed [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 4.26% to 37,400, while the average number of circulating shares per person increased by 4.45% to 31,949 shares [2]. - Among the top ten circulating shareholders, the Southern CSI 500 ETF holds 8.7305 million shares, having decreased its holdings by 171,600 shares compared to the previous period [3]. Business Segments - The company's main business segments include digital infrastructure (49.62% of revenue), cutting-edge technology innovation (19.96%), power digital applications (16.02%), enterprise digital applications (11.30%), energy innovation services (2.97%), and others (0.12%) [1]. - The company operates within the computer IT services sector and is associated with concepts such as hydropower, central enterprise reform, energy storage, and energy interconnection [1].