Core Viewpoint - Sanfeng Environment's stock price has shown a modest increase this year, with a notable rise in recent trading days, reflecting investor interest despite some fluctuations in fund flow [2][3]. Group 1: Stock Performance - As of November 3, Sanfeng Environment's stock price increased by 2.01%, reaching 8.62 CNY per share, with a trading volume of 42.79 million CNY and a turnover rate of 0.30% [1]. - Year-to-date, the stock price has risen by 3.42%, with a 4.23% increase over the last five trading days, a 2.99% increase over the last 20 days, and a 4.04% increase over the last 60 days [2]. Group 2: Company Overview - Sanfeng Environment, established on December 4, 2009, and listed on June 5, 2020, is based in Chongqing and focuses on waste incineration power generation project investment and operation, EPC construction, and core equipment R&D [2]. - The company's revenue composition includes 70.75% from project operations, 27.55% from engineering construction, 1.52% from waste collection and transportation, and 0.18% from other sources [2]. Group 3: Financial Performance - For the period from January to September 2025, Sanfeng Environment reported a revenue of 4.155 billion CNY, a year-on-year decrease of 8.03%, while the net profit attributable to shareholders was 1.104 billion CNY, reflecting a year-on-year increase of 9.31% [2]. - The company has distributed a total of 1.8 billion CNY in dividends since its A-share listing, with 1.176 billion CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Sanfeng Environment was 28,700, a decrease of 1.56% from the previous period, with an average of 58,324 circulating shares per shareholder, an increase of 1.59% [2]. - Among the top ten circulating shareholders, notable changes include a decrease of 10 million shares held by Ruiyuan Balanced Value Mixed Fund and an increase of 2.3768 million shares held by ICBC Dividend Preferred Mixed Fund [3].