Core Insights - On September 30, Jinjiang Shipping experienced a decline of 0.43% with a trading volume of 49.85 million yuan, indicating a slight downturn in market performance [1] - The company reported a net financing outflow of 511.79 million yuan on the same day, with a total financing and securities balance of 114 million yuan, which is 5.11% of its market capitalization [1] - For the first half of 2025, Jinjiang Shipping achieved a revenue of 3.378 billion yuan, reflecting a year-on-year growth of 26.11%, and a net profit of 794 million yuan, marking a significant increase of 150.43% [2] Financing and Securities - On September 30, Jinjiang Shipping had a financing buy-in of 4.7995 million yuan and a financing repayment of 9.9174 million yuan, leading to a net financing outflow [1] - The current financing balance of 114 million yuan is above the 50th percentile level for the past year, indicating a relatively high level of financing activity [1] - The company’s securities lending showed a low balance of 21,800 yuan, with a remaining quantity of 1,900 shares, which is below the 10th percentile level for the past year [1] Shareholder Structure - As of June 30, 2025, Jinjiang Shipping had 47,700 shareholders, a decrease of 2.75% from the previous period, while the average number of circulating shares per shareholder increased by 2.83% to 4,066 shares [2] - The top ten circulating shareholders include various ETFs and mutual funds, with notable changes in holdings among major institutional investors [3] - The second-largest shareholder, the CSI Shanghai State-Owned Enterprise ETF, reduced its holdings by 55,600 shares, while the Southern CSI 1000 ETF increased its holdings by 461,500 shares [3]

Group 1 - On September 23, Jinjiang Shipping's stock rose by 0.69%, with a trading volume of 124 million yuan [1] - The financing data for Jinjiang Shipping on the same day showed a financing purchase amount of 10.7842 million yuan, with a net financing purchase of 2.1332 million yuan [1] - As of September 23, the total balance of margin trading for Jinjiang Shipping was 122 million yuan, accounting for 5.39% of its market capitalization [1] Group 2 - For the first half of 2025, Jinjiang Shipping reported a revenue of 3.378 billion yuan, representing a year-on-year growth of 26.11% [2] - The net profit attributable to shareholders for the same period was 794 million yuan, showing a significant increase of 150.43% year-on-year [2] - Since its A-share listing, Jinjiang Shipping has distributed a total of 886 million yuan in dividends [2] Group 3 - As of June 30, 2025, the number of shareholders for Jinjiang Shipping was 47,700, a decrease of 2.75% from the previous period [3] - The second-largest circulating shareholder is the CSI Shanghai State-owned Enterprises ETF, holding 2.5646 million shares, a decrease of 55,600 shares from the previous period [3] - New institutional shareholders include E Fund Value Growth Mixed Fund, holding 2.2 million shares, and GF Multi-Factor Mixed Fund, also a new entrant [3]

Core Viewpoint - On September 12, Jinjiang Shipping experienced a slight decline of 0.42% in stock price, with a trading volume of 75.43 million yuan, indicating active market participation and interest in the stock [1]. Financing and Trading Activity - On September 12, Jinjiang Shipping had a financing buy-in amount of 9.50 million yuan and a financing repayment of 7.42 million yuan, resulting in a net financing buy of 2.08 million yuan. The total financing and securities balance reached 115 million yuan [1]. - The current financing balance of 115 million yuan accounts for 4.99% of the circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high level of financing activity [1]. - In terms of securities lending, there were no shares repaid on September 12, with 900 shares sold short, amounting to 10,700 yuan at the closing price. The remaining short selling volume was 1,800 shares, with a balance of 21,400 yuan, which is below the 10th percentile level over the past year, suggesting low short selling activity [1]. Company Performance - As of June 30, Jinjiang Shipping had 47,700 shareholders, a decrease of 2.75% from the previous period, while the average circulating shares per person increased by 2.83% to 4,066 shares [2]. - For the first half of 2025, Jinjiang Shipping reported a revenue of 3.38 billion yuan, representing a year-on-year growth of 26.11%. The net profit attributable to shareholders reached 794 million yuan, marking a significant increase of 150.43% [2]. - Since its A-share listing, Jinjiang Shipping has distributed a total of 886 million yuan in dividends [2]. Institutional Holdings - As of June 30, 2025, the top ten circulating shareholders of Jinjiang Shipping included notable institutional investors such as the China Securities Shanghai State-Owned Enterprise ETF, which held 2.56 million shares, a decrease of 55,600 shares from the previous period [3]. - The Southern China Securities 1000 ETF increased its holdings by 461,500 shares to 2.40 million shares, while new institutional shareholders included E Fund Value Growth Mixed Fund, holding 2.20 million shares [3]. - Other significant changes in holdings included a decrease in shares held by Hong Kong Central Clearing Limited and an increase in shares held by Huaxia China Securities 1000 ETF [3].

上海锦江航运（集团）股份有限公司 SHANGHAI JINJIANG SHIPPING （GROUP） CO., LTD. 首次公开发行股票并在主板上市 招股说明书 （上会稿） 本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招股说明书 保荐机构（主承销商） （中国（上海）自由贸易试验区商城路 618 号） （上海市浦东新区龙居路 180 弄 13 号 2 楼） 不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式公告的 招股说明书作为投资决定的依据。 上海锦江航运（集团）股份有限公司 首次公开发行股票并在主板上市招股说明书（上会稿） 声明及承诺 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对发 行人注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表 明其对发行人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保 证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行 承担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资 ...