Highton Development(SH:603162) Xin Lang Cai Jing·2025-12-16 07:42Core Viewpoint - The company, Haitong Development, experienced a decline of 5.08% in stock price on December 16, with a trading volume of 233 million yuan and a market capitalization of 10.934 billion yuan [1]. Company Overview - Haitong Development is located at 23 Changting Street, Taijiang District, Fuzhou, Fujian Province, and primarily engages in domestic coastal and international ocean dry bulk transportation [2][3]. - The company has established itself as a leading player in the domestic private dry bulk shipping sector, focusing on coal transportation along the Bohai Bay to Yangtze River ports, while also expanding into iron ore and other dry bulk goods [3]. Financial Performance - For the first nine months of 2025, Haitong Development reported a revenue of 3.009 billion yuan, reflecting a year-on-year growth of 16.32%, while the net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8]. - The company’s overseas revenue accounted for 65.04% of total revenue, benefiting from the depreciation of the Chinese yuan [4]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders decreased by 18.54% to 26,400, with an average of 10,529 circulating shares per person, which increased by 24.72% [8]. - The stock has seen a net outflow of 13.79 million yuan from major investors today, with a continuous reduction in major funds over the past three days [5][6]. Technical Analysis - The average trading cost of the stock is 12.76 yuan, with recent rapid selling of shares observed. The current stock price is near a resistance level of 11.95 yuan, indicating potential for a price correction if this level is not surpassed [7].