资金流向方面，主力资金净流出64.59万元，大单买入853.95万元，占比18.51%，卖出918.54万元，占比 19.91%。 侨银股份今年以来股价涨1.02%，近5个交易日涨1.02%，近20日涨4.46%，近60日跌10.32%。 资料显示，侨银城市管理股份有限公司位于广东省广州市荔湾区白鹤沙路9号侨银大厦，成立日期2001 年11月27日，上市日期2020年1月6日，公司主营业务涉及城乡环卫保洁、生活垃圾处置、市政环卫工程 及其他环卫服务。主营业务收入构成为：城乡环卫保洁94.78%，生活垃圾处置3.28%，其他1.32%，其 他环卫服务0.62%。 侨银股份所属申万行业为：环保-环境治理-固废治理。所属概念板块包括：智慧农业（数字乡村）、智 慧城市、DeepSeek概念、PPP概念、人工智能等。 截至9月30日，侨银股份股东户数1.58万，较上期减少13.82%；人均流通股14129股，较上期增加 16.03%。2025年1月-9月，侨银股份实现营业收入27.66亿元，同比减少5.87%；归母净利润1.50亿元，同 比减少38.08%。 1月9日，侨银股份盘中下跌2.06%，截至11:03，报13 ...

Core Viewpoint - Qiaoyin Co., Ltd. has experienced a stock price increase of 51.91% year-to-date, despite a recent decline of 3.81% over the last five trading days [1][2] Group 1: Stock Performance - As of November 4, Qiaoyin's stock price reached 15.92 CNY per share, with a market capitalization of 6.506 billion CNY [1] - The stock has seen a trading volume of 48.42 million CNY, with a turnover rate of 1.39% [1] - Year-to-date, the stock has recorded a 3.71% increase over the last 20 days and an 18.28% increase over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Qiaoyin reported a revenue of 2.766 billion CNY, a year-on-year decrease of 5.87% [2] - The net profit attributable to shareholders for the same period was 150 million CNY, reflecting a significant year-on-year decline of 38.08% [2] Group 3: Business Overview - Qiaoyin Co., Ltd. specializes in urban and rural sanitation services, waste disposal, municipal sanitation engineering, and other related services [1] - The company's revenue composition is as follows: urban and rural sanitation services (94.78%), waste disposal (3.28%), other services (1.94%) [1] - The company is categorized under the environmental protection industry, specifically in solid waste management, and is involved in various related sectors such as green power and PPP concepts [2] Group 4: Shareholder Information - As of September 30, Qiaoyin had 15,800 shareholders, a decrease of 13.82% from the previous period [2] - The average number of circulating shares per shareholder increased by 16.03% to 14,129 shares [2] Group 5: Dividend Information - Since its A-share listing, Qiaoyin has distributed a total of 218 million CNY in dividends, with 123 million CNY distributed over the last three years [3]

Company Overview - Qiaoyin Co., Ltd. is located in Liwan District, Guangzhou, Guangdong Province, and was established on November 27, 2001. The company was listed on January 6, 2020. Its main business includes urban and rural sanitation cleaning, municipal solid waste disposal, municipal sanitation engineering, and other sanitation services [1][2]. Financial Performance - As of June 30, Qiaoyin Co., Ltd. reported a revenue of 1.871 billion yuan for the first half of 2025, a year-on-year decrease of 3.90%. The net profit attributable to the parent company was 125 million yuan, down 27.61% year-on-year [2]. - The company has cumulatively distributed 218 million yuan in dividends since its A-share listing, with 123 million yuan distributed over the past three years [3]. Stock Performance - On September 30, Qiaoyin Co., Ltd.'s stock price increased by 2.02%, reaching 15.66 yuan per share, with a total market capitalization of 6.4 billion yuan. The stock has risen 49.43% year-to-date [1]. - The stock has seen a net inflow of 1.7901 million yuan from main funds, with significant buying activity in large orders [1]. Shareholder Information - As of June 30, the number of shareholders for Qiaoyin Co., Ltd. was 18,300, an increase of 39.55% from the previous period. The average number of circulating shares per person was 12,177, a decrease of 28.34% [2]. Business Segments - The company's main business revenue composition is as follows: urban and rural sanitation cleaning accounts for 94.78%, solid waste disposal for 3.28%, other services for 1.32%, and miscellaneous sanitation services for 0.62% [1]. Industry Classification - Qiaoyin Co., Ltd. belongs to the environmental protection industry, specifically in the solid waste management sector. It is associated with concepts such as energy conservation and environmental protection, medical waste treatment, soil remediation, and robotics [2].

Investment Rating - The report assigns a "Buy-A" investment rating to the company, with a target price of 17.15 yuan for the next 6 months [7][16]. Core Insights - The company reported a total revenue of 1.871 billion yuan in H1 2025, a decrease of 3.90% year-on-year, and a net profit of 125 million yuan, down 27.61% year-on-year, with a gross margin of 27.60%, an increase of 1.37% year-on-year [1][9]. - The company is actively enhancing its AI and humanoid robot capabilities to empower urban management services, collaborating with various organizations to integrate these technologies into its operations [2][11]. - The company has secured new contracts, including a 291 million yuan project in Putian and a 195 million yuan project in Beihai, contributing positively to its performance [3][11]. - The company has significantly improved its cash flow, achieving a net cash flow from operating activities of 421 million yuan, a year-on-year increase of 2640.88% [4][11]. Financial Performance - The company expects revenues of 4.12 billion yuan, 4.35 billion yuan, and 4.6 billion yuan for 2025, 2026, and 2027, respectively, with growth rates of 5.26%, 5.59%, and 5.73% [9][11]. - The projected net profits for the same years are 318 million yuan, 340 million yuan, and 370 million yuan, with growth rates of 9.9%, 7.0%, and 8.7% [9][11]. - The gross margin is expected to improve gradually, reaching 27.63% by 2027 [11][15]. Market Position and Strategy - The company is positioned as a leading urban management service provider in China, focusing on enhancing its service offerings through technology integration [2][11]. - The company is restructuring its performance evaluation system and enhancing project management to optimize operational efficiency [3][11]. - The company plans to raise 900 million yuan through a private placement to support its "Urban Steward" equipment and digital management projects, strengthening its competitive edge [4][11].