Core Viewpoint - Rongsheng Development's stock has shown a modest increase in price, with a notable trading volume and significant net inflow of funds, indicating investor interest despite recent financial challenges [1][2]. Company Overview - Rongsheng Development, established on December 30, 1996, and listed on August 8, 2007, is primarily engaged in real estate development and sales, with its revenue composition being 87.71% from real estate, 7.99% from property services, 1.98% from hotel operations, 1.56% from industrial parks, and 0.75% from other sectors [1][2]. Financial Performance - For the period from January to September 2025, Rongsheng Development reported a revenue of 20.389 billion yuan, a year-on-year decrease of 29.31%, and a net profit attributable to shareholders of -3.098 billion yuan, reflecting a significant decline of 117.44% [2]. - The company has not distributed any dividends in the past three years, with a total payout of 11.837 billion yuan since its A-share listing [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 144,600, up by 12.64%, while the average circulating shares per person decreased by 11.22% to 27,046 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 56.5081 million shares, an increase of 28.0768 million shares compared to the previous period [3].

Core Viewpoint - Greenland Holdings has experienced a stock price decline of 13.33% year-to-date, with a recent increase of 2.25% in the last five trading days, indicating potential volatility in its stock performance [1][2]. Group 1: Stock Performance - As of November 10, Greenland Holdings' stock price rose to 1.82 CNY per share, with a trading volume of 1.82 billion CNY and a market capitalization of 25.579 billion CNY [1]. - The stock has seen a net inflow of 8.4916 million CNY from major funds, with significant buying and selling activity recorded [1]. - The company has appeared on the trading leaderboard four times this year, with the most recent instance on July 16, where it recorded a net buy of -22.5542 million CNY [1]. Group 2: Company Overview - Greenland Holdings, established on July 8, 1992, and listed on March 27, 1992, is based in Huangpu District, Shanghai, and primarily engages in real estate development and related industries [2]. - The company's revenue composition includes 45.85% from construction and related industries, 36.29% from real estate and related industries, 10.90% from other income, and 9.51% from commodity sales [2]. - As of September 30, 2025, the number of shareholders increased by 3.50% to 126,000, while the average circulating shares per person decreased by 3.39% [2]. Group 3: Financial Performance - For the period from January to September 2025, Greenland Holdings reported a revenue of 127.998 billion CNY, reflecting a year-on-year decrease of 20.06%, and a net profit attributable to shareholders of -6.690 billion CNY, a significant decline of 2927.38% [2]. - The company has cumulatively distributed 20.378 billion CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 72.4594 million shares, an increase of 13.7207 million shares from the previous period [3]. - The Southern CSI 500 ETF and Southern CSI Real Estate ETF have seen changes in their holdings, with the former decreasing by 1.5211 million shares and the latter decreasing by 0.6030 million shares [3].

Core Viewpoint - Tianmu Lake's stock price has shown fluctuations with a year-to-date increase of 6.64%, while recent trading activity indicates a mixed performance in the short term [2][3]. Group 1: Stock Performance - As of November 10, Tianmu Lake's stock rose by 2.08%, reaching a price of 11.80 CNY per share, with a trading volume of 37.34 million CNY and a turnover rate of 1.18% [1]. - Year-to-date, Tianmu Lake's stock has increased by 6.64%, with a 3.24% rise over the last five trading days and a 2.61% increase over the last 20 days, but a decline of 5.98% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Tianmu Lake reported a revenue of 386 million CNY, reflecting a year-on-year decrease of 4.65%, while the net profit attributable to shareholders was 83.25 million CNY, down 2.54% year-on-year [3]. - Since its A-share listing, Tianmu Lake has distributed a total of 375 million CNY in dividends, with 163 million CNY distributed over the past three years [4]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Tianmu Lake was 23,400, a decrease of 13.46% from the previous period, with an average of 11,559 shares held per shareholder, an increase of 15.55% [3]. - Among the top ten circulating shareholders, the Fortune China Securities Tourism Theme ETF holds 2.75 million shares, an increase of 1.00 million shares from the previous period, while the E Fund Enhanced Return Bond A has entered as a new shareholder with 1.42 million shares [4]. Group 4: Business Overview - Tianmu Lake, established on September 15, 1992, and listed on September 27, 2017, operates primarily in tourism, with its main business segments including scenic area operations (55.19%), travel agency services (33.78%), and hotel operations (28.65%) [2]. - The company is classified under the Shenwan industry as part of social services in tourism and scenic areas, with relevant concept sectors including online tourism, tourism hotels, small-cap stocks, micro-cap stocks, and state-owned enterprise reforms [2].

Core Viewpoint - Xizang Tourism's stock has shown significant volatility, with a year-to-date increase of 74.44%, but recent trends indicate a slight decline in the short term [1][2]. Group 1: Stock Performance - As of November 10, Xizang Tourism's stock price increased by 2.02% to 18.70 CNY per share, with a total market capitalization of 4.244 billion CNY [1]. - The stock has experienced a net inflow of 2.3507 million CNY from main funds, with large orders accounting for 14.62% of total purchases [1]. - Year-to-date, the stock has been on the龙虎榜 (top trading list) 13 times, with the most recent occurrence on September 23, where it recorded a net buy of -12.7752 million CNY [1]. Group 2: Financial Performance - For the period from January to September 2025, Xizang Tourism reported an operating income of 161 million CNY, a year-on-year decrease of 5.43%, while the net profit attributable to shareholders increased by 62.44% to 32.5598 million CNY [2]. - The company has not distributed any dividends in the last three years, with a total payout of 4.7284 million CNY since its A-share listing [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Xizang Tourism increased to 53,000, a rise of 107.48%, while the average circulating shares per person decreased by 51.80% to 4,279 shares [2]. - Among the top ten circulating shareholders, the 富国中证旅游主题ETF (Fuguo Zhongzheng Tourism Theme ETF) holds 2.7679 million shares, an increase of 1.0019 million shares compared to the previous period [3].

Core Viewpoint - Lingnan Holdings has experienced a stock price increase of 39.69% year-to-date, despite a recent decline of 8.78% over the past five trading days [1] Group 1: Stock Performance - As of November 10, Lingnan Holdings' stock price rose by 2.05% to 13.41 CNY per share, with a trading volume of 1.01 billion CNY and a turnover rate of 1.14%, resulting in a total market capitalization of 8.987 billion CNY [1] - The company has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 11, where it recorded a net buy of -19.23 million CNY [1] - Year-to-date, the stock has seen fluctuations with a 20-day increase of 1.98% and a 60-day increase of 8.67% [1] Group 2: Financial Performance - For the period from January to September 2025, Lingnan Holdings reported a revenue of 3.414 billion CNY, reflecting a year-on-year growth of 4.40%, while the net profit attributable to shareholders decreased by 51.52% to 65.56 million CNY [2] - Cumulative cash dividends since the company's A-share listing amount to 698 million CNY, with 53.62 million CNY distributed over the past three years [3] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 9.70% to 51,500, with an average of 13,021 circulating shares per person, a decrease of 8.84% [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 25.8633 million shares, an increase of 345,800 shares from the previous period [3]

Core Viewpoint - Xi'an Tourism's stock price has shown a slight increase recently, but the company has experienced a decline in revenue and a net loss in the first nine months of 2025 [2][3]. Financial Performance - As of November 10, Xi'an Tourism's stock price rose by 2.07% to 12.80 CNY per share, with a market capitalization of 3.03 billion CNY [1]. - Year-to-date, the stock price has decreased by 6.30%, but it has increased by 5.00% over the last five trading days [2]. - For the period from January to September 2025, the company reported operating revenue of 380 million CNY, a year-on-year decrease of 12.75%, and a net profit attributable to shareholders of -80.34 million CNY, which represents a year-on-year increase of 7.48% [2]. Business Overview - Xi'an Tourism was established on December 31, 1996, and was listed on September 26, 1996. The company operates in various sectors, including domestic commerce, food services, material supply, and tourism services [2]. - The main revenue sources are travel agency services (63.83%), hotel operations (24.46%), leasing (5.46%), trade (2.75%), other services (2.56%), and amusement parks (0.94%) [2]. - The company is classified under the social services sector, specifically in tourism and scenic areas [2]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 6.24% to 60,000, while the average circulating shares per person increased by 6.66% to 3,923 shares [2]. - The company has distributed a total of 110 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. - Among the top ten circulating shareholders, the Fortune CSI Tourism Theme ETF holds 3.33 million shares, an increase of 1.17 million shares compared to the previous period [3].

Core Viewpoint - Huatian Hotel's stock has shown a positive trend with a year-to-date increase of 7.19%, despite a decline in revenue and net profit for the first nine months of 2025 [1][2]. Financial Performance - As of September 30, 2025, Huatian Hotel reported a revenue of 398 million yuan, a year-on-year decrease of 12.52% [2]. - The net profit attributable to the parent company was -156 million yuan, reflecting a year-on-year decrease of 39.99% [2]. Stock Market Activity - On November 10, Huatian Hotel's stock price rose by 2.08% to 3.43 yuan per share, with a trading volume of 21.93 million yuan and a turnover rate of 0.64% [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent appearance on September 23, where it recorded a net buy of 321,900 yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 46,100, up by 1.95% from the previous period [2]. - The average circulating shares per person decreased by 1.91% to 22,114 shares [2]. Dividend History - Huatian Hotel has cumulatively distributed 328 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, the third-largest circulating shareholder is the Fortune China Tourism Theme ETF, holding 10.44 million shares, an increase of 3.84 million shares from the previous period [3]. - The fifth-largest circulating shareholder is Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund, holding 4.14 million shares, an increase of 636,300 shares from the previous period [3].

Core Viewpoint - Jin Jiang Hotels experienced a decline in stock price, with a year-to-date drop of 13.63%, despite a recent increase of 5.00% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Jin Jiang Hotels reported a revenue of 10.241 billion yuan, a year-on-year decrease of 5.09%, and a net profit attributable to shareholders of 746 million yuan, down 32.52% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 6.356 billion yuan, with 1.132 billion yuan distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 82,800, up by 1.67%, while the average circulating shares per person decreased by 2.87% to 14,286 shares [2] - The second-largest circulating shareholder, Hong Kong Central Clearing Limited, reduced its holdings by 15.7034 million shares to 66.3329 million shares [3] Market Activity - On November 6, Jin Jiang Hotels' stock price was 22.87 yuan per share, with a trading volume of 126 million yuan and a turnover rate of 0.61% [1] - The stock saw a net outflow of 4.4094 million yuan from main funds, with large orders showing a buy of 19.2599 million yuan and a sell of 23.3844 million yuan [1]

Core Viewpoint - Rongsheng Development's stock price has shown a slight decline this year, but recent trading indicates some recovery in the short term, with significant trading activity noted in the past few weeks [2]. Group 1: Stock Performance - As of November 6, Rongsheng Development's stock price was 1.64 CNY per share, down 2.38% during the day, with a total market capitalization of 7.131 billion CNY [1]. - Year-to-date, the stock price has decreased by 0.61%, but it has increased by 4.46% over the last five trading days, 1.23% over the last 20 days, and 16.31% over the last 60 days [2]. Group 2: Trading Activity - On November 6, the net outflow of main funds was 9.1504 million CNY, with large orders showing a buy of 43.1866 million CNY and a sell of 56.5878 million CNY [1]. - Rongsheng Development has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on September 18, where the net buy was 18.4697 million CNY [2]. Group 3: Financial Performance - For the period from January to September 2025, Rongsheng Development reported a revenue of 20.389 billion CNY, a year-on-year decrease of 29.31%, and a net profit attributable to shareholders of -3.098 billion CNY, a decrease of 117.44% [2]. - The company has not distributed any dividends in the last three years, with a total payout of 11.837 billion CNY since its A-share listing [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 12.64% to 144,600, with an average of 27,046 shares held per shareholder, a decrease of 11.22% [2]. - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 56.5081 million shares, an increase of 28.0768 million shares from the previous period [3].

Company Overview - Tsinghua Tongfang Co., Ltd. is located in Beijing and was established on January 11, 1999. The company was listed on October 30, 2009. Its main business involves outdoor products and semiconductor sectors, accounting for 63.31% of revenue from outdoor clothing, 17.13% from chip business, 13.29% from outdoor footwear, 3.71% from outdoor equipment, and 2.56% from other services [1]. Stock Performance - As of November 6, Tsinghua Tongfang's stock price increased by 2.06%, reaching 9.91 CNY per share, with a trading volume of 1.40 billion CNY and a turnover rate of 1.62%. The total market capitalization is 8.757 billion CNY [1]. - Year-to-date, the stock price has risen by 41.59%, with a 7.48% increase over the last five trading days, 13.65% over the last 20 days, and 8.19% over the last 60 days [1]. Financial Performance - For the period from January to September 2025, Tsinghua Tongfang reported a revenue of 9.53 billion CNY, a year-on-year decrease of 13.98%. The net profit attributable to shareholders was 33.037 million CNY, down 67.53% year-on-year [2]. - The company has distributed a total of 5.09 billion CNY in dividends since its A-share listing, with cumulative distributions of 30.4177 million CNY over the past three years [3]. Shareholder Information - As of September 30, Tsinghua Tongfang had 41,100 shareholders, a decrease of 29.16% from the previous period. The average number of tradable shares per shareholder increased by 41.16% to 21,485 shares [2]. Industry Classification - Tsinghua Tongfang is classified under the textile and apparel industry, specifically in the sportswear segment. It is associated with concepts such as online tourism, small-cap stocks, sports industry, ice and snow industry, and outdoor camping [2].