QSZY(SH:600103) Xin Lang Cai Jing·2025-12-25 02:04Core Viewpoint - Qing Shan Paper Industry's stock price has shown significant volatility, with a year-to-date increase of 65.62%, but recent trading indicates a net outflow of funds, suggesting potential investor caution [1][2]. Group 1: Stock Performance - On December 25, Qing Shan Paper's stock price fell by 2.09% to 4.22 CNY per share, with a trading volume of 7.53 billion CNY and a turnover rate of 7.92%, resulting in a total market capitalization of 94.56 billion CNY [1]. - The stock has increased by 9.33% over the last five trading days, 4.71% over the last 20 days, and 7.65% over the last 60 days [1]. - The company has appeared on the trading leaderboard 14 times this year, with the most recent appearance on October 20, where it recorded a net purchase of 51.29 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Qing Shan Paper reported a revenue of 1.768 billion CNY, a year-on-year decrease of 11.87%, and a net profit attributable to shareholders of 64.99 million CNY, down 25.07% year-on-year [2]. - The company has distributed a total of 321 million CNY in dividends since its A-share listing, with 175 million CNY distributed over the last three years [2]. Group 3: Business Overview - Qing Shan Paper, established on April 1, 1993, and listed on July 3, 1997, is primarily engaged in the production and sale of paper products, including paper bags, board paper, and corrugated paper, as well as other products like pharmaceuticals and electronic products [2]. - The revenue composition of the company is as follows: 67.47% from the pulp industry, 15.32% from pharmaceuticals, 11.45% from paper product processing, 7.54% from optoelectronics, and smaller contributions from other sectors [2]. - The company is classified under the light industry manufacturing sector, specifically in the paper and specialty paper category, and is associated with various concepts such as the Belt and Road Initiative and state-owned enterprise reform [2]. Group 4: Shareholder Information - As of September 30, 2025, Qing Shan Paper had 207,900 shareholders, an increase of 113.93% from the previous period, with an average of 10,640 circulating shares per shareholder, a decrease of 53.26% [2][3]. - Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 17.0744 million shares, which is a decrease of 4.1228 million shares from the previous period [3].