Core Viewpoint - Tengyuan Cobalt Industry experienced a significant increase in stock price and trading volume, indicating strong market interest and activity in the company's shares [1][2]. Financing Summary - On October 9, Tengyuan Cobalt Industry had a financing buy-in amount of 218 million yuan, with a net financing buy of 47.11 million yuan after accounting for repayments [1]. - The total financing balance reached 556 million yuan, representing 2.33% of the circulating market value, which is above the 90th percentile of the past year, indicating a high level of financing activity [1]. - In terms of securities lending, the company had a repayment of 10,200 shares and a sell amount of 900 shares, with a total lending balance of 97.37 million yuan, which is below the 30th percentile of the past year, indicating low lending activity [1]. Company Overview - Tengyuan Cobalt Industry, established on March 26, 2004, and listed on March 17, 2022, is located in Jiangxi Province and specializes in various sectors including hazardous chemicals, fertilizers, non-ferrous metal smelting, and recycling of used batteries [2]. - The company's revenue composition is primarily from cobalt products (47.56%) and copper products (44.39%), with other products accounting for 8.05% [2]. - As of September 19, the number of shareholders decreased by 3.18% to 24,500, while the average circulating shares per person increased by 74.97% to 11,801 shares [2]. Financial Performance - For the first half of 2025, Tengyuan Cobalt Industry reported a revenue of 3.532 billion yuan, reflecting a year-on-year growth of 10.30%, and a net profit attributable to shareholders of 469 million yuan, up by 9.94% year-on-year [2]. Dividend Information - Since its A-share listing, Tengyuan Cobalt Industry has distributed a total of 1.649 billion yuan in dividends, with 1.147 billion yuan distributed over the past three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders of Tengyuan Cobalt Industry [3].