BNMC(SH:601011) Xin Lang Cai Jing·2026-01-16 02:50Core Viewpoint - Baotailong's stock price has experienced a decline of 4.12% year-to-date, with significant drops in recent trading periods, indicating potential challenges in market performance and investor sentiment [2]. Company Overview - Baotailong New Materials Co., Ltd. is located in Qitaihe City, Heilongjiang Province, established on June 24, 2003, and listed on March 9, 2011. The company engages in coal mining, washing and processing, coking, chemical production, power generation, heating, new energy, and new materials [2]. - The main business revenue composition includes: raw coal (28.60%), clean coal (22.92%), slack coal (22.61%), heating and electricity (21.68%), new materials (1.70%), and others [2]. Financial Performance - For the period from January to September 2025, Baotailong achieved operating revenue of 479 million yuan, a year-on-year decrease of 57.55%. However, the net profit attributable to shareholders increased by 118.44% to 50.36 million yuan [2]. - The company has cumulatively distributed 332 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Shareholder Structure - As of September 30, 2025, Baotailong had 83,100 shareholders, a decrease of 10.86% from the previous period. The average circulating shares per person increased by 12.18% to 23,062 shares [2]. - Notable institutional holdings include Guotai Zhongzheng Coal ETF as the third-largest shareholder with 53.28 million shares, an increase of 32.45 million shares from the previous period [3].