Xin Lang Cai Jing·2026-02-03 01:36Core Viewpoint - China Railway Signal & Communication Corporation (China Tonghao) experienced a decline of 1.09% in stock price on February 2, with a trading volume of 254 million yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing Summary - On February 2, China Tonghao had a financing buy-in amount of 15.45 million yuan and a financing repayment of 21.45 million yuan, resulting in a net financing outflow of 5.9966 million yuan [1] - The total financing and securities lending balance for China Tonghao reached 438 million yuan, with the financing balance accounting for 0.93% of the circulating market value, which is above the 70th percentile of the past year [1] - The securities lending aspect showed a repayment of 2,301 shares with no shares sold, and a securities lending balance of 691,900 yuan, also above the 50th percentile of the past year [1] Company Overview - China Tonghao, established on December 29, 2010, and listed on July 22, 2019, is primarily engaged in the design and integration, equipment manufacturing, and system delivery for railway communication and signaling [2] - The main business revenue composition includes 89.91% from railway control systems, with design and integration contributing 39.86%, system delivery services 28.37%, equipment manufacturing 21.68%, and general contracting 9.25% [2] - As of September 30, the number of shareholders was 64,600, a decrease of 0.68%, while the average circulating shares per person increased by 0.71% [2] Financial Performance - For the period from January to September 2025, China Tonghao reported a revenue of 21.748 billion yuan, reflecting a year-on-year growth of 4.48%, while the net profit attributable to shareholders decreased by 3.16% to 2.284 billion yuan [2] Dividend Information - Since its A-share listing, China Tonghao has distributed a total of 11.437 billion yuan in dividends, with 5.401 billion yuan distributed over the past three years [3] Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 100 million shares, a decrease of 8.7029 million shares from the previous period [3] - Other notable shareholders include E Fund's SSE STAR 50 ETF and Huaxia's SSE STAR 50 ETF, both of which have seen reductions in their holdings [3]