Xin Lang Zheng Quan·2025-12-30 01:20Core Viewpoint - China Communications Construction Company (CCCC) experienced a decline of 0.60% in stock price on December 29, with a trading volume of 178 million yuan. The company reported a net financing outflow of 396.54 million yuan for the day, indicating a lower investor confidence in the stock [1]. Financing Summary - On December 29, CCCC had a financing buy amount of 24.44 million yuan, with a total financing balance of 11.30 billion yuan, representing 1.15% of its market capitalization. This financing balance is below the 40th percentile of the past year, indicating a low level of financing activity [1]. - In terms of securities lending, CCCC repaid 35,200 shares and sold 1,300 shares on the same day, with a selling amount of 10,800 yuan. The remaining securities lending balance was 430.79 million yuan, which is above the 60th percentile of the past year, indicating a higher level of short selling [1]. Financial Performance - As of September 30, CCCC reported a total revenue of 513.91 billion yuan for the first nine months of 2025, a year-on-year decrease of 4.23%. The net profit attributable to shareholders was 13.65 billion yuan, down 16.14% compared to the previous year [2]. - CCCC has distributed a total of 50.65 billion yuan in dividends since its A-share listing, with 15.10 billion yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, CCCC had 167,200 shareholders, an increase of 12.51% from the previous period. The average number of circulating shares per shareholder decreased by 11.80% to 75,501 shares [2]. - Among the top ten circulating shareholders, China Securities Finance Corporation holds 484 million shares, unchanged from the previous period. Other notable shareholders include Huatai-PB CSI 300 ETF, which reduced its holdings by 2.88 million shares, and E Fund CSI 300 ETF, which decreased by 1.40 million shares [3].