Jiajiayue(SH:603708) Xin Lang Cai Jing·2026-01-19 01:30Core Viewpoint - The company Jiajiayue experienced a decline in stock price and trading volume, with significant changes in financing and stockholder dynamics, indicating potential challenges in its operational performance and market perception [1][2]. Group 1: Stock Performance - On January 16, Jiajiayue's stock fell by 3.01%, with a trading volume of 174 million yuan [1]. - The financing buy-in amount for Jiajiayue on the same day was 19.04 million yuan, while the financing repayment was 19.22 million yuan, resulting in a net financing buy of -175,500 yuan [1]. - As of January 16, the total financing and securities lending balance for Jiajiayue was 139 million yuan, with the financing balance accounting for 1.68% of the circulating market value, indicating a high level compared to the past year [1]. Group 2: Financial Performance - For the period from January to September 2025, Jiajiayue reported an operating income of 13.588 billion yuan, reflecting a year-on-year decrease of 3.81% [2]. - The net profit attributable to the parent company for the same period was 206 million yuan, showing a year-on-year increase of 9.43% [2]. - Since its A-share listing, Jiajiayue has distributed a total of 1.587 billion yuan in dividends, with 402 million yuan distributed over the past three years [2]. Group 3: Shareholder Dynamics - As of September 30, 2025, the number of shareholders for Jiajiayue was 21,800, a decrease of 10.62% from the previous period [2]. - The average circulating shares per person increased by 11.89% to 29,305 shares [2]. - Among the top ten circulating shareholders, the largest reduction in holdings was seen in Huaxia Large Cap Select Mixed Fund, which decreased its holdings by 2.1379 million shares [2].