Core Viewpoint - The financial performance of Lianyungang Port Co., Ltd. shows a decline in revenue and net profit, alongside low financing and margin trading levels, indicating potential investment opportunities and risks in the current market environment [1][2]. Financing Summary - On November 27, Lianyungang had a financing buy-in amount of 2.67 million yuan, with a net financing buy of 895,700 yuan, while the total financing and margin trading balance reached 11.7 million yuan, accounting for 1.80% of the circulating market value, which is below the 30th percentile level over the past year [1]. - The margin trading data indicates that on the same day, 300 shares were repaid and 200 shares were sold, with a selling amount of 1,046 yuan, and the margin balance was 188,300 yuan, also below the 40th percentile level over the past year [1]. Financial Performance - For the period from January to September 2025, Lianyungang reported an operating income of 1.87 billion yuan, a year-on-year decrease of 3.45%, and a net profit attributable to shareholders of 106 million yuan, down 25.90% year-on-year [2]. - Cumulatively, since its A-share listing, Lianyungang has distributed a total of 516 million yuan in dividends, with 199 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Lianyungang was 101,400, a decrease of 20.48% from the previous period, while the average circulating shares per person increased by 25.76% to 12,234 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked as the fourth largest, holding 5.83 million shares, an increase of 15,600 shares compared to the previous period [3].

Core Insights - The company Lianyungang experienced a decline of 0.87% in stock price on November 4, with a trading volume of 155 million yuan [1] - The financing data indicates a net financing outflow of 584.62 million yuan on the same day, with a total financing and securities balance of 1.34 billion yuan [1] - The company reported a decrease in revenue and net profit for the first nine months of 2025, with revenue of 1.87 billion yuan, down 3.45% year-on-year, and a net profit of 106 million yuan, down 25.90% year-on-year [2] Financing and Securities - On November 4, Lianyungang had a financing buy-in of 7.82 million yuan, with a current financing balance of 1.33 billion yuan, representing 1.88% of the circulating market value [1] - The company’s financing balance is above the 60th percentile of the past year, indicating a relatively high level [1] - The short-selling data shows no shares were repaid, with 600 shares sold short, amounting to 3,426 yuan, and a short-selling balance of 213,000 yuan, which is below the 50th percentile of the past year [1] Shareholder Information - As of September 30, the number of shareholders for Lianyungang was 101,400, a decrease of 20.48% from the previous period, while the average circulating shares per person increased by 25.76% to 12,234 shares [2] - The company has distributed a total of 516 million yuan in dividends since its A-share listing, with 199 million yuan distributed in the last three years [3] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 5.83 million shares, an increase of 15,600 shares from the previous period [3]

Group 1: Company Overview - Lianyungang Port Co., Ltd. is located in Lianyungang City, Jiangsu Province, and was established on October 15, 2001, with its listing date on April 26, 2007 [1] - The company's main business includes loading, unloading, storage, and port management services, primarily dealing with coal, nickel ore, iron ore, non-ferrous metals, alumina, coke, grain, and plywood [1] - The revenue composition of the main business is as follows: loading and related services 76.88%, comprehensive logistics and others 17.98%, financial company interest 3.55%, and other (supplementary) 1.58% [1] Group 2: Financial Performance - As of June 30, 2025, Lianyungang reported operating revenue of 1.231 billion yuan, a year-on-year decrease of 4.74%, and a net profit attributable to shareholders of 55.7018 million yuan, down 41.58% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 516 million yuan, with 199 million yuan distributed over the past three years [3] Group 3: Shareholder and Market Activity - As of September 30, 2023, Lianyungang's stock trading volume was 1.08 billion yuan, with a net financing purchase of 253,900 yuan, and a total financing balance of 122 million yuan, representing 1.73% of the market capitalization [1] - The number of shareholders increased to 127,500, a rise of 120.38%, while the average circulating shares per person decreased by 54.62% to 9,728 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 5.8173 million shares, a decrease of 6.4052 million shares compared to the previous period [3]