Core Viewpoint - On November 11, Shunwang Technology experienced a decline of 1.16% with a trading volume of 275 million yuan, indicating a negative net financing buy of 795.99 million yuan for the day [1] Financing Summary - On November 11, Shunwang Technology had a financing buy of 32.97 million yuan, with a total financing balance of 9.68 billion yuan, representing 6.93% of its market capitalization [1] - The financing balance is above the 80th percentile of the past year, indicating a high level of financing activity [1] - The company had no shares repaid in securities lending on November 11, with a total of 300 shares sold, amounting to 6,132 yuan [1] Business Performance - As of September 30, Shunwang Technology reported a total of 54,200 shareholders, a decrease of 5.22% from the previous period, with an average of 9,563 circulating shares per person, an increase of 5.50% [2] - For the period from January to September 2025, the company achieved a revenue of 1.509 billion yuan, a year-on-year increase of 8.04%, and a net profit attributable to shareholders of 324 million yuan, a year-on-year increase of 52.59% [2] Dividend and Shareholding Structure - Since its A-share listing, Shunwang Technology has distributed a total of 824 million yuan in dividends, with 162 million yuan distributed over the past three years [3] - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 30.5178 million shares, an increase of 2.1451 million shares from the previous period [3] - New significant shareholders include Invesco Great Wall Quality Evergreen Mixed A and GF Value Core Mixed A, with holdings of 12.887 million shares and 11.3915 million shares, respectively [3]