Core Insights - On October 15, 2023, Doushan New Materials experienced no change in stock price, with a trading volume of 77.26 million yuan. The financing buy amount was 8.01 million yuan, while the financing repayment was 8.24 million yuan, resulting in a net financing buy of -0.22 million yuan [1] - As of September 30, 2023, the number of shareholders for Doushan New Materials was 58,100, a decrease of 0.62% from the previous period. The average circulating shares per person increased by 0.62% to 15,271 shares [2] - For the first half of 2025, Doushan New Materials reported a revenue of 2.63 billion yuan, a year-on-year decrease of 7.09%, while the net profit attributable to shareholders was -149 million yuan, an increase of 9.97% year-on-year [2] Financing and Margin Trading - On October 15, 2023, Doushan New Materials had a total financing and margin trading balance of 217 million yuan, which accounted for 3.31% of its circulating market value. The financing balance is above the 80th percentile of the past year, indicating a high level [1] - In terms of margin trading, there were no shares repaid on October 15, 2023, while 1,000 shares were sold short, amounting to 5,750 yuan at the closing price. The remaining short-selling volume was 81,300 shares, with a margin balance of 467,500 yuan, also above the 70th percentile of the past year [1] Shareholder and Dividend Information - Since its A-share listing, Doushan New Materials has distributed a total of 1.46 billion yuan in dividends, with 299 million yuan distributed over the past three years [3] - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 23.78 million shares, an increase of 17.16 million shares from the previous period. The Southern CSI 1000 ETF has exited the list of the top ten circulating shareholders [3]

Core Viewpoint - The financial performance and stock trading activities of Doushan New Materials indicate a mixed outlook, with a decline in revenue but an increase in net profit year-on-year, alongside significant trading volumes in both financing and securities lending activities [1][2]. Group 1: Financial Performance - For the first half of 2025, Doushan New Materials reported operating revenue of 2.626 billion yuan, a year-on-year decrease of 7.09% [2]. - The company recorded a net profit attributable to shareholders of -149 million yuan, which represents a year-on-year increase of 9.97% [2]. Group 2: Stock Trading Activities - On September 29, Doushan New Materials' stock price increased by 1.99%, with a trading volume of 97.8324 million yuan [1]. - The financing buy-in amount for the same day was 9.5947 million yuan, while the financing repayment was 10.2321 million yuan, resulting in a net financing buy-in of -637,500 yuan [1]. - As of September 29, the total balance of margin trading for Doushan New Materials was 235 million yuan, accounting for 3.65% of its market capitalization [1]. Group 3: Shareholder Information - As of September 19, the number of shareholders for Doushan New Materials was 58,400, a decrease of 0.35% from the previous period [2]. - The average number of circulating shares per shareholder was 15,177, which is a decrease of 0.33% [2]. Group 4: Dividend Distribution - Since its A-share listing, Doushan New Materials has distributed a total of 1.46 billion yuan in dividends, with 299 million yuan distributed over the past three years [3]. Group 5: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest circulating shareholder, holding 23.7773 million shares, an increase of 17.1607 million shares from the previous period [3].

Core Viewpoint - The financial performance and stock trading activities of Doushan New Materials indicate a stable yet cautious market position, with notable changes in shareholder structure and financing activities [1][2][3]. Group 1: Financial Performance - For the period from January to March 2025, Doushan New Materials reported a revenue of 1.382 billion yuan, reflecting a year-on-year growth of 0.07% [2]. - The company experienced a net profit attributable to shareholders of -42.77 million yuan, which represents a significant year-on-year increase of 51.09% [2]. - Cumulatively, the company has distributed a total of 1.46 billion yuan in dividends since its A-share listing, with 299 million yuan distributed over the past three years [3]. Group 2: Shareholder and Financing Activities - As of August 8, 2023, the number of shareholders for Doushan New Materials was 59,800, showing a decrease of 1.24% from the previous period [2]. - The average number of circulating shares per shareholder increased by 1.25% to 14,930 shares [2]. - On August 25, 2023, the company had a total financing balance of 235 million yuan, accounting for 3.53% of its market capitalization, which is above the 90th percentile of the past year [1]. - The company had a margin trading buy amount of 16.29 million yuan and a net buy of 3.64 million yuan on the same day [1]. - The short selling activities included 100 shares sold, with a total value of 581 yuan, and a short selling balance of 47,290 yuan, which is above the 60th percentile of the past year [1].