BESTWAY(SZ:300008) Xin Lang Cai Jing·2025-12-22 02:24Core Viewpoint - Tianhai Defense has shown a significant increase in stock price this year, with a year-to-date rise of 69.02%, despite recent declines in the short term [1][2]. Company Overview - Tianhai Defense Technology Co., Ltd. was established on October 29, 2001, and listed on October 30, 2009. The company is located at 518 Xinzhuan Road, Songjiang District, Shanghai [1]. - The main business areas include shipbuilding and marine engineering, military-civilian integration, and clean energy utilization. The revenue composition is as follows: 92.05% from shipbuilding and marine engineering contracting, 1.97% from design services, 1.80% from energy business, 1.75% from other products, 1.18% from defense equipment, and 0.50% from ship leasing [1]. Financial Performance - For the period from January to September 2025, Tianhai Defense achieved a revenue of 3.148 billion yuan, representing a year-on-year growth of 34.50%. The net profit attributable to shareholders was 232 million yuan, showing a substantial increase of 202.12% [2]. - The company has distributed a total of 177 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of November 20, 2025, the number of shareholders increased to 133,900, a rise of 7.54%. The average number of tradable shares per person decreased by 7.01% to 12,301 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 19.113 million shares, an increase of 1.199 million shares compared to the previous period [3].