Core Viewpoint - Shanghai Steel Union's stock price has experienced fluctuations, with a current decline of 2.01% and a year-to-date increase of 15.60% [1][2] Financial Performance - For the period from January to September 2025, Shanghai Steel Union reported revenue of 57.318 billion yuan, a year-on-year decrease of 10.65%, while net profit attributable to shareholders increased by 31.78% to 1.68 billion yuan [2] - The company has distributed a total of 1.51 billion yuan in dividends since its A-share listing, with 63.1366 million yuan distributed in the last three years [3] Stock Market Activity - As of November 4, the stock price was 26.38 yuan per share, with a market capitalization of 8.408 billion yuan and a trading volume of 146 million yuan [1] - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on July 14, where it recorded a net buy of -154 million yuan [1] Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 3.49% to 37,200, with an average of 8,238 circulating shares per person, a decrease of 3.34% [2] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 4.6887 million shares, an increase of 2.7197 million shares from the previous period [3]

Core Insights - Shanghai Steel Union reported a revenue of 57.318 billion yuan for the first three quarters of 2025, a year-on-year decrease of 10.65% [1] - The company's net profit attributable to shareholders was 168 million yuan, an increase of 31.78% year-on-year [1] - Basic earnings per share stood at 0.53 yuan [2] Financial Performance - The gross profit margin for the first three quarters was 1.23%, down 0.16 percentage points year-on-year; the net profit margin was 0.52%, up 0.17 percentage points year-on-year [2] - In Q3 2025, the gross profit margin was 1.09%, a decrease of 0.39 percentage points year-on-year and 0.09 percentage points quarter-on-quarter; the net profit margin was 0.38%, down 0.02 percentage points year-on-year and 0.21 percentage points quarter-on-quarter [2] - The company’s total expenses for the period were 478 million yuan, a decrease of 38.7641 million yuan year-on-year; the expense ratio was 0.83%, up 0.03 percentage points year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 37,200, an increase of 1,255 or 3.49% from the end of the previous half [2] - The average market value of shares held per shareholder increased from 202,500 yuan to 223,700 yuan, a growth of 10.46% [2] Business Overview - Shanghai Steel Union, established on April 30, 2000, and listed on June 8, 2011, primarily engages in B2B e-commerce services related to steel, energy, mining, and non-ferrous metals [3] - The revenue composition includes 97.29% from supply chain services, 1.56% from consignment services, and smaller percentages from data subscription, business promotion, training services, and consulting [3] - The company is categorized under the software development industry, specifically in vertical application software, and is associated with sectors like fintech, e-commerce, and data elements [3]

Core Viewpoint - Shanghai Steel Union's stock price has shown a year-to-date increase of 10.84%, but has recently experienced declines over various time frames, indicating potential volatility in the market [2]. Group 1: Stock Performance - As of October 17, Shanghai Steel Union's stock price was 25.35 CNY per share, with a trading volume of 1.79 billion CNY and a market capitalization of 8.08 billion CNY [1]. - The stock has decreased by 2.61% over the last five trading days, 5.13% over the last 20 days, and 16.53% over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Shanghai Steel Union reported a revenue of 34.39 billion CNY, a year-on-year decrease of 21.65%, while the net profit attributable to shareholders was 118 million CNY, reflecting a year-on-year increase of 41.07% [3]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased by 5.62% to 35,900, while the average number of tradable shares per person decreased by 5.32% to 8,523 shares [3]. - The company has distributed a total of 151 million CNY in dividends since its A-share listing, with 6.31 million CNY distributed in the last three years [4]. Group 4: Institutional Holdings - Among the top ten circulating shareholders, Southern CSI 1000 ETF holds 2.35 million shares, an increase of 685,100 shares compared to the previous period [4]. - Hong Kong Central Clearing Limited, ranked seventh, reduced its holdings by 8.75 million shares to 1.97 million shares [4].

Core Insights - Shanghai Steel Union's stock price decreased by 0.08% on October 10, with a trading volume of 265 million yuan [1] - The company reported a financing buy-in of 30.50 million yuan and a net financing buy of 1.26 million yuan on the same day [1] - As of October 10, the total financing and securities lending balance reached 605 million yuan, indicating a high level of financing activity [1] Financing Summary - On October 10, Shanghai Steel Union had a financing buy-in of 30.50 million yuan, with a current financing balance of 603 million yuan, accounting for 7.27% of its market capitalization [1] - The financing balance is above the 70th percentile of the past year, indicating a relatively high level of leverage [1] Securities Lending Summary - On the same day, the company repaid 5,800 shares in securities lending and sold 7,500 shares, amounting to a selling value of 195,200 yuan [1] - The securities lending balance stood at 183.25 million yuan, exceeding the 60th percentile of the past year, also indicating a high level of activity in this area [1] Business Overview - Shanghai Steel Union, established on April 30, 2000, and listed on June 8, 2011, primarily engages in B2B e-commerce services related to steel, energy, mining, and non-ferrous metals [2] - The company's revenue composition includes 97.29% from supply chain services, 1.56% from consignment services, and smaller percentages from various other services [2] Financial Performance - For the first half of 2025, Shanghai Steel Union reported a revenue of 34.39 billion yuan, a year-on-year decrease of 21.65%, while the net profit attributable to shareholders was 118 million yuan, reflecting a year-on-year increase of 41.07% [2] Shareholder Information - As of June 30, 2025, the number of shareholders increased by 5.62% to 35,900, with an average of 8,523 circulating shares per person, a decrease of 5.32% [2] - Notable changes in institutional holdings include an increase in shares held by Southern CSI 1000 ETF and a decrease in shares held by Hong Kong Central Clearing Limited [3]

Core Viewpoint - Shanghai Steel Union's stock price increased by 2.01% on August 25, with a trading volume of 887 million yuan, indicating strong market interest and activity [1] Financing Summary - On August 25, Shanghai Steel Union had a financing buy-in amount of 128 million yuan and a financing repayment of 123 million yuan, resulting in a net financing buy of 4.44 million yuan [1] - As of August 25, the total financing and securities lending balance for Shanghai Steel Union was 692 million yuan, with the financing balance at 690 million yuan, accounting for 7.36% of the circulating market value, which is above the 90th percentile level over the past year [1] - The securities lending aspect showed a repayment of 700 shares with no shares sold, and the remaining securities lending volume was 75,300 shares, with a balance of 2.21 million yuan, also exceeding the 90th percentile level over the past year [1] Business Overview - Shanghai Steel Union, established on April 30, 2000, and listed on June 8, 2011, primarily engages in B2B e-commerce services related to the steel, energy, mining, and non-ferrous metals industries [1] - The revenue composition of the company includes 97.13% from supply chain services, 1.81% from consignment services, 0.57% from data subscription services, 0.19% from business promotion services, 0.13% from conference training services, 0.11% from other services, 0.06% from research consulting services, and 0.01% from other supplementary services [1] Shareholder and Financial Performance - As of March 31, the number of shareholders for Shanghai Steel Union was 34,000, a decrease of 10.21% from the previous period, while the average circulating shares per person increased by 11.34% to 9,002 shares [2] - For the first quarter of 2025, Shanghai Steel Union reported a revenue of 15.27 billion yuan, a year-on-year decrease of 12.93%, while the net profit attributable to shareholders was 51.87 million yuan, reflecting a year-on-year increase of 5.53% [2] Dividend and Institutional Holdings - Since its A-share listing, Shanghai Steel Union has distributed a total of 135 million yuan in dividends, with 47.20 million yuan distributed over the past three years [3] - As of March 31, 2025, the second-largest circulating shareholder was Hong Kong Central Clearing Limited, holding 10.72 million shares, an increase of 8.45 million shares from the previous period [3] - New institutional shareholders include the Fortune Tianhui Growth Mixed Fund, holding 1.78 million shares, and the Fortune Tianrui Strong Region Selected Mixed Fund, holding 1.51 million shares [3]