Core Viewpoint - The continuous decline in the number of shareholders for certain companies indicates a trend of increasing concentration of shares, with 69 companies experiencing a decrease for more than three consecutive periods, and some like Yongli Co. seeing a drop for nine periods [1]. Group 1: Shareholder Information - As of October 20, 391 companies reported their latest shareholder numbers, with notable declines in companies such as Yongli Co. (23,968 shareholders, down 17.14%) and ST Emergency (51,994 shareholders, down 33.91%) [1]. - The trend of decreasing shareholder numbers suggests a concentration of shares among fewer investors, which may impact stock liquidity and volatility [1]. Group 2: Market Performance - Among the companies with declining shareholder numbers, 25 saw their stock prices increase, while 44 experienced declines, with notable gainers including Jingquanhua (up 54.40%), China Merchants Energy (up 31.12%), and Changshan Pharmaceutical (up 16.80%) [2]. - 14 companies outperformed the Shanghai Composite Index, with Jingquanhua, China Merchants Energy, and Changshan Pharmaceutical achieving relative returns of 51.95%, 29.68%, and 14.35%, respectively [2]. Group 3: Industry Analysis - The industries with the highest concentration of companies experiencing declining shareholder numbers include machinery, electronics, and computers, with 12, 9, and 5 companies respectively [2]. - The distribution of these companies shows that 32 are listed on the main board and 37 on the ChiNext board, indicating a diverse range of sectors affected by this trend [2]. Group 4: Institutional Activity - In the past month, 9 companies with declining shareholder numbers were subject to institutional research, with frequent investigations seen in companies like Boshi Jie (2 times) [2]. - The companies attracting the most institutional interest include Sanxia Tourism (16 institutions), Zhongci Electronics (10 institutions), and Boshi Jie (8 institutions) [2]. Group 5: Performance Metrics - Four companies have reported their Q3 earnings, with Yanjing Beer showing the highest year-on-year net profit growth of 37.45% [3]. - Among companies with earnings forecasts, Tongxing Technology is expected to have a net profit median of 57.33 million, reflecting a year-on-year increase of 194.04% [3].

Core Insights - The article highlights a trend of decreasing shareholder accounts among 514 companies, indicating a concentration of shares, with 101 companies experiencing a decline for more than three consecutive periods [1][2] Group 1: Shareholder Account Trends - 101 companies have seen their shareholder accounts decrease for over three consecutive periods, with some like Fengshang Culture and Xinlian Electronics experiencing declines for nine periods, with reductions of 43.74% and 28.68% respectively [1] - Companies with significant recent declines in shareholder accounts include Lingpai Technology, Kehua Data, and Yiyi Shares, with decreases of 7.18%, 6.45%, and 4.61% respectively [1][2] Group 2: Market Performance - Among the companies with declining shareholder accounts, 21 have seen their stock prices rise, while 80 have experienced declines, with notable increases for Zhaoshang Shipping (33.90%), Yiyi Shares (28.65%), and Lijun Thermal Energy (25.28%) [2] - 17 companies outperformed the Shanghai Composite Index during this period, with Zhaoshang Shipping, Yiyi Shares, and Lijun Thermal Energy achieving relative returns of 34.37%, 27.92%, and 19.65% respectively [2] Group 3: Industry and Institutional Activity - The industries with the highest concentration of companies experiencing declining shareholder accounts include machinery, computers, and basic chemicals, with 15, 11, and 10 companies respectively [2] - In terms of institutional interest, seven companies with declining shareholder accounts were subject to institutional research in the past month, with notable frequency for Zhongse Shares, Taishan Petroleum, and Feilong Shares, each receiving two rounds of institutional research [2] Group 4: Earnings Forecasts - Only two companies have released earnings forecasts for the first three quarters, both projecting profit increases, with Tongxing Technology expecting a net profit median of 57.33 million, representing a year-on-year increase of 194.04% [2]

Core Insights - The article highlights a trend of decreasing shareholder accounts among 410 companies, indicating a concentration of shares, with 83 companies experiencing a decline for more than three consecutive periods [1][2]. Shareholder Trends - 83 companies have seen a continuous decrease in shareholder accounts for over three periods, with some like Fengshang Culture and Aotexun experiencing declines for nine periods [1]. - Fengshang Culture's latest shareholder count is 13,737, down 43.74%, while Aotexun has 29,301 shareholders, down 28.38% [1]. Market Performance - Among the companies with declining shareholder accounts, 28 have seen their stock prices rise, while 55 have experienced declines [2]. - Notable stock price increases include Lijuheng Energy (up 36.61%), China Merchants Energy (up 34.82%), and Yiyi Co. (up 28.65%) [2]. Institutional Activity - Eight companies with declining shareholder accounts have been frequently researched by institutions in the past month, with notable mentions being Zhongse Co., Taishan Petroleum, and Huafeng Superfiber, each receiving two rounds of institutional research [2]. Industry Analysis - The industries with the highest concentration of companies experiencing declining shareholder accounts include machinery, basic chemicals, and computers, with 11, 8, and 7 companies respectively [2]. - The main board has 41 companies, while the growth enterprise market has 42 companies with declining shareholder accounts [2]. Performance Forecasts - Two companies have released earnings forecasts for the first three quarters, both expecting profit increases, with Tongxing Technology projecting a net profit of approximately 57.33 million yuan, representing a year-on-year increase of 194.04% [2].

Core Insights - The article highlights a trend of decreasing shareholder accounts among 498 companies, indicating a concentration of shares, with 93 companies experiencing a decline for three consecutive periods or more [1][2] Group 1: Shareholder Account Trends - 93 companies have seen a continuous decrease in shareholder accounts for over three periods, with some like ST Huawen and Guotou Fengle experiencing declines for 13 and 10 periods respectively, with reductions of 15.38% and 15.73% [1] - The latest data shows significant declines in shareholder accounts for companies such as Hongming Co., ST Qingyan, and Shenzhou Taiyue, with decreases of 13.30%, 11.03%, and 10.27% respectively [1][2] Group 2: Market Performance - Among the companies with declining shareholder accounts, 15 have seen their stock prices rise, while 78 have experienced declines, with notable increases for ST Qingyan (45.91%), Hongming Co. (13.56%), and Jerey Co. (12.21%) [2] - 10.75% of the companies with decreasing shareholder accounts outperformed the Shanghai Composite Index, with ST Qingyan, Honghe Technology, and Dongfang Tantalum achieving excess returns of 37.02%, 10.51%, and 7.65% respectively [2] Group 3: Industry and Institutional Interest - The industries with the highest concentration of companies experiencing declining shareholder accounts include machinery, basic chemicals, and pharmaceuticals, with 14, 10, and 8 companies respectively [2] - In terms of institutional interest, 14 companies with declining shareholder accounts were surveyed by institutions in the past month, with Donggang Co., Dongfang Tantalum, and Dalian Heavy Industry receiving the most attention [2]

Core Insights - The article highlights a trend of decreasing shareholder accounts among 803 companies, indicating a concentration of shares. Notably, 110 companies have seen a decline in shareholder accounts for more than three consecutive periods, with some like ST Huawen experiencing a drop for 12 periods, totaling a 14.42% decrease [1]. Group 1: Shareholder Account Trends - A total of 803 companies reported their latest shareholder account numbers as of September 10, with 110 companies showing a continuous decline for over three periods [1]. - ST Huawen has the highest decline, with 63,064 accounts, down 14.42% over 12 periods, while *ST Jinglun has 39,050 accounts, down 36.88% over 11 periods [1]. - Other companies with significant declines include Guotou Fengle, Su Yan Jingshen, and Dongfang Yuhong, indicating a broader trend of share concentration [1]. Group 2: Market Performance - Among the companies with declining shareholder accounts, 43 saw their stock prices increase, while 67 experienced declines. Notable gainers include Yanshang Yanshang, *ST Qingyan, and Dongfang Yuhong, with increases of 65.56%, 37.28%, and 31.03% respectively [2]. - 22 companies outperformed the Shanghai Composite Index, representing 20% of the declining shareholder accounts group, with Yanshang Yanshang, *ST Qingyan, and Lijure Neng showing relative returns of 57.48%, 28.43%, and 23.40% [2]. Group 3: Industry and Institutional Interest - The industries with the highest concentration of companies experiencing declining shareholder accounts include machinery equipment, basic chemicals, and pharmaceutical biology, with 21, 12, and 10 companies respectively [2]. - In terms of institutional interest, 17 companies with declining shareholder accounts were investigated by institutions in the past month, with Donggang Co., Dalian Heavy Industry, and Tengya Precision Engineering receiving the most attention [2].

投资者可以在交易所互动平台上通过提问方式了解部分公司更及时（每月10日、20日、月末）的股东户 数信息。证券时报·数据宝统计显示，452家公司公布了截至9月10日最新股东户数，相比之前各期，有 73股股东户数连续减少3期以上，股东户数最多已连降12期。也就是说筹码呈持续集中趋势。 股东户数连续下降个股中，连降时间较长的有ST华闻、*ST精伦等，其中，ST华闻最新股东户数为 63064户，已连续减少12期，累计降幅为14.42%，*ST精伦股东户数连降11期，最新户数为39050户，累 计降幅36.88%，股东户数连降期数较多的还有国投丰乐、瑞达期货、哈焊华通等。从最新一期的股东 户数下降幅度看，降幅较大的有北方长龙、湖北广电、先锋电子等，最新股东户数分别下降16.91%、 10.31%、10.00%。 市场表现方面，股东户数连降股中，筹码集中以来股价上涨的有25只，下跌的有48只，累计涨幅较高的 有*ST清研、*ST精伦、常山药业等，分别上涨34.32%、31.46%、18.56%。相对沪指来说，其间股价跑 赢大盘的有11只，占比15.07%，超额收益率较高的有*ST清研、*ST精伦、常山药业等，股东户数连降 ...

Group 1 - The article highlights that 165 companies reported their latest shareholder numbers as of September 10, with 31 companies experiencing a continuous decline in shareholder numbers for more than three periods, indicating a trend of concentrated holdings [1][2] - Among the companies with declining shareholder numbers, *ST Jinglun has seen a decrease for 11 consecutive periods, with a total decline of 36.88%, while Ha Han Hu Tong has decreased for 7 periods with a decline of 25.44% [1][2] - The companies with the largest recent declines in shareholder numbers include Xianfeng Electronics, Shaoyang Hydraulic, and Tianhe Defense, with decreases of 10.00%, 6.18%, and 4.65% respectively [1][2] Group 2 - In terms of market performance, 11 companies with declining shareholder numbers have seen their stock prices rise, while 20 have experienced declines, with *ST Jinglun, Changshan Pharmaceutical, and Yalian Machinery showing significant increases of 32.96%, 15.79%, and 14.01% respectively [2][3] - The industries with the most companies experiencing declining shareholder numbers include machinery equipment, pharmaceuticals, and national defense, with 10, 4, and 3 companies respectively [2] - Institutional interest has been noted, with 7 companies among those with declining shareholder numbers receiving institutional research in the past month, particularly Hai De Control and Guilin Sanjin, which were researched 2 times each [2]

Core Insights - The article highlights a trend of decreasing shareholder accounts among 631 companies, indicating a concentration of shares among fewer investors [1][2] - Notable companies with significant declines in shareholder accounts include ZTE Corporation and Tianhe Co., with reductions of 21.09% and 24.50% respectively [1][2] - The article also discusses the stock performance of companies with declining shareholder accounts, noting that 47 stocks have risen while 54 have fallen, with Hai Chen Pharmaceutical showing the highest increase at 73.17% [2][3] Company Analysis - ZTE Corporation has the highest number of shareholder accounts at 428,391, having decreased for 13 consecutive periods, with a total decline of 21.09% [1][3] - Tianhe Co. has 23,874 shareholder accounts, down 24.50% over 12 periods [1][5] - Other companies with notable declines include Yalian Machinery, Igor, and Naipu Mining, with decreases of 25.51%, 21.80%, and 16.69% respectively [1][2] Stock Performance - Among the companies with declining shareholder accounts, Hai Chen Pharmaceutical, Zhengye Technology, and *ST Jinglun have shown significant stock price increases of 73.17%, 31.06%, and 30.71% respectively [2][3] - 22 out of the companies with decreasing shareholder accounts outperformed the Shanghai Composite Index, with Hai Chen Pharmaceutical achieving a relative return of 60.54% [2][3] Industry Insights - The industries with the highest concentration of companies experiencing declining shareholder accounts include basic chemicals, machinery equipment, and pharmaceutical biology, with 12, 10, and 9 companies respectively [2][3] - The majority of the companies with declining shareholder accounts are listed on the main board, with 60 companies compared to 41 on the Growth Enterprise Market [2][3] Institutional Activity - Eight companies with declining shareholder accounts have been subject to institutional research in the past month, with notable frequency in companies like Zhongqi Co., Naipu Mining, and Kairun Co. [2][3] - The companies with the highest number of institutional participants in research include Kairun Co. (50 institutions), Xinbao Co. (38 institutions), and Yaben Chemical (35 institutions) [2][3]

Core Viewpoint - The continuous decline in the number of shareholders in various companies indicates a trend of increasing concentration of shares, with 94 companies experiencing a decrease for more than three consecutive periods, and some like ZTE Corporation seeing a drop for 13 periods [1][2]. Group 1: Shareholder Trends - A total of 558 companies reported their latest shareholder numbers as of August 31, with ZTE Corporation having the highest number of shareholders at 428,391, reflecting a cumulative decrease of 21.09% over 13 periods [1]. - Tianhe Co., Ltd. also showed a significant decline, with its latest shareholder count at 23,874, down 24.50% over 12 periods [1]. - Other companies with notable declines include Huaping Co., ST Huawen, and ST Jinglun, indicating a broader trend of shareholder concentration [1]. Group 2: Market Performance - Among the companies with declining shareholder numbers, 38 saw their stock prices increase, while 56 experienced declines, with Haichen Pharmaceutical, ST Jinglun, and ZTE Corporation showing significant gains of 51.05%, 26.97%, and 26.01% respectively [2]. - 18 companies outperformed the Shanghai Composite Index during this period, with Haichen Pharmaceutical achieving a relative return of 39.79% compared to the index [2]. Group 3: Industry Distribution - The industries with the highest concentration of companies experiencing declining shareholder numbers include basic chemicals, machinery equipment, and pharmaceutical biology, with 11, 9, and 7 companies respectively [2]. - The main board hosts 54 of these companies, while the ChiNext board has 40 [2]. Group 4: Institutional Interest - In the past month, 7 companies with declining shareholder numbers were subject to institutional research, with notable frequency in companies like Zhongqi Co., Optecon, and Naipu Mining, receiving 3, 2, and 2 research visits respectively [2]. - The companies with the highest number of participating institutions in research include Kairun Co., Xinbao Co., and Naipu Mining, with 50, 38, and 32 institutions involved [2].

Core Viewpoint - The continuous decline in the number of shareholders for certain companies indicates a trend of increasing concentration of shares, with 82 companies experiencing a decrease for more than three consecutive periods, and some like ZTE Corporation seeing a drop for 13 consecutive periods [1]. Group 1: Shareholder Trends - A total of 460 companies reported their latest shareholder numbers as of August 31, with ZTE Corporation having 428,391 shareholders, a cumulative decrease of 21.09% over 13 periods [1]. - Tianhe Co., Ltd. has seen a continuous decline for 12 periods, with the latest number of shareholders at 23,874, reflecting a cumulative decrease of 24.50% [1]. - Other companies with significant declines include Huaping Co., ST Huawen, and *ST Jinglun, indicating a broader trend of shareholder concentration [1]. Group 2: Market Performance - Among the companies with declining shareholder numbers, 33 saw their stock prices rise, while 49 experienced declines, with notable increases for Haichen Pharmaceutical (58.39%), ZTE Corporation (35.58%), and *ST Jinglun (31.09%) [2]. - 13 companies outperformed the Shanghai Composite Index during this period, with Haichen Pharmaceutical, ZTE Corporation, and *ST Jinglun showing relative returns of 45.72%, 19.19%, and 18.27% respectively [2]. Group 3: Industry Distribution - The industries with the highest concentration of companies experiencing declining shareholder numbers include machinery, pharmaceuticals, and basic chemicals, with 9, 7, and 7 companies respectively [2]. - The main board has 43 companies with declining shareholder numbers, while the ChiNext board has 39 [2]. Group 4: Institutional Interest - In the past month, 7 companies with declining shareholder numbers were subject to institutional research, with Zhongqi Co., Opcon Vision, and Naipu Mining receiving 3, 2, and 2 research visits respectively [2]. - The companies with the highest number of institutional participants in research include Kairun Co. (50), Xinbao Co. (38), and Naipu Mining (32) [2].