Highton Development(SH:603162) Xin Lang Cai Jing·2026-02-04 08:11Core Viewpoint - The company, Haitong Development, experienced a decline in stock price by 2.75% on February 4, with a trading volume of 352 million yuan and a market capitalization of 13.13 billion yuan [1]. Company Overview - Haitong Development is located at 23 Changting Street, Fuzhou, Fujian Province, and primarily engages in domestic coastal and international ocean dry bulk transportation [2][3]. - The company has established itself as a leading private enterprise in the dry bulk shipping sector in China, focusing on coal transportation and expanding into iron ore and other dry bulk goods [3][4]. - As of the 2023 semi-annual report, the company reported that 65.04% of its revenue comes from overseas, benefiting from the depreciation of the Chinese yuan [4]. Financial Performance - For the period from January to September 2025, Haitong Development achieved a revenue of 3.009 billion yuan, representing a year-on-year growth of 16.32%, while the net profit attributable to shareholders decreased by 38.47% to 253 million yuan [8]. - The company has distributed a total of 313 million yuan in dividends since its A-share listing [9]. Market Activity - The stock has seen a net outflow of 23.6942 million yuan from major investors, with a ranking of 33 out of 35 in its industry, indicating a reduction in major investor holdings over the past three days [5][6]. - The average trading cost of the stock is 13.64 yuan, with the current price fluctuating between resistance at 15.70 yuan and support at 12.87 yuan, suggesting potential for range trading [7].