Xin Lang Cai Jing·2026-01-30 01:46Core Viewpoint - China Energy Construction Co., Ltd. (China Energy) has shown stable trading activity with a slight increase in financing and a decrease in net profit year-on-year, indicating potential investment opportunities and challenges in the company's financial performance [1][2]. Financing Activity - On January 29, China Energy's financing buy amounted to 295 million yuan, with a net buy of 57.01 million yuan after repayments [1]. - The total financing balance reached 16.16 billion yuan, accounting for 2.03% of the circulating market value, which is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - The company repaid 541,300 shares in short selling and sold 267,700 shares, with a total selling amount of 658,500 yuan, while the short selling balance was 2.20 million yuan, below the 20th percentile of the past year, indicating low short selling activity [1]. Company Overview - China Energy, established on December 19, 2014, and listed on September 28, 2021, primarily engages in construction contract services through five business departments [2]. - The revenue composition includes 81.18% from engineering construction, 7.42% from industrial manufacturing, 6.80% from investment operations, 4.07% from surveying and consulting, and 0.53% from other businesses [2]. - As of September 30, 2025, the company reported a revenue of 323.54 billion yuan, a year-on-year increase of 9.62%, while the net profit attributable to shareholders decreased by 12.43% to 3.16 billion yuan [2]. Dividend Distribution - Since its A-share listing, China Energy has distributed a total of 4.69 billion yuan in dividends, with 3.75 billion yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the top ten circulating shareholders include China Securities Finance Corporation, holding 613 million shares, and Hong Kong Central Clearing Limited, holding 488 million shares, which decreased by 368 million shares compared to the previous period [3]. - Other notable shareholders include various ETFs, with significant reductions in holdings, indicating potential shifts in investor sentiment [3].