Group 1 - Company Zhong An Ke (SH 600654) announced on November 26 that its 12th seventh board meeting was held to discuss the proposal for the sale of 100% equity of its wholly-owned overseas subsidiary [1] - For the first half of 2025, Zhong An Ke's revenue composition was as follows: overseas security accounted for 64.51%, security system integration for 29.13%, product manufacturing and sales for 6.08%, and other industries for 0.27% [1] - As of the report date, Zhong An Ke's market capitalization was 11.2 billion yuan [1]

Core Viewpoint - Zhong An Ke's stock price has shown a significant increase this year, with a year-to-date rise of 16.41%, while recent trading activity indicates a mixed sentiment among investors [1][2]. Financial Performance - For the period from January to September 2025, Zhong An Ke achieved a revenue of 2.365 billion yuan, representing a year-on-year growth of 15.84%. The net profit attributable to shareholders reached 198 million yuan, marking a substantial increase of 1748.16% [2]. - The company has cumulatively distributed 351 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Stock Market Activity - As of November 6, Zhong An Ke's stock price was 3.76 yuan per share, with a trading volume of 150 million yuan and a turnover rate of 1.71%. The total market capitalization stood at 10.815 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on August 6, where it recorded a net buy of -11.6165 million yuan [1]. Shareholder Information - As of September 30, 2025, Zhong An Ke had 116,900 shareholders, an increase of 0.56% from the previous period. The average number of circulating shares per person was 19,815, a slight decrease of 0.33% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 13.9336 million shares, a decrease of 706,100 shares compared to the previous period [3]. Business Segments - Zhong An Ke's main business segments include security operation services (66.03% of revenue), smart city system integration (27.76%), security intelligent product manufacturing (5.88%), leasing (0.31%), and others (0.02%) [2]. - The company operates within the software development industry, specifically in vertical application software, and is associated with concepts such as low-priced stocks, the Belt and Road Initiative, domestic software, and smart cities [2].

Company Overview - Zhong An Ke Co., Ltd. is located in Wuhan, Hubei Province, and was established on December 31, 1991, with its listing date on December 19, 1990. The company specializes in security system integration, security operation services, and IoT product manufacturing [2] - The main business revenue composition includes: 66.03% from security operation services, 27.76% from smart city system integration, 5.88% from security intelligent product manufacturing, 0.31% from leasing, and 0.02% from other sources [2] - As of June 30, the number of shareholders is 116,200, a decrease of 8.66% from the previous period, with an average of 19,881 circulating shares per person, an increase of 10.01% [2] Financial Performance - For the first half of 2025, Zhong An Ke achieved operating revenue of 1.554 billion yuan, representing a year-on-year growth of 18.24%. However, the net profit attributable to the parent company was 2.5154 million yuan, a significant decrease of 89.98% year-on-year [2] - The company has cumulatively distributed 351 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3] Stock Performance - On September 11, Zhong An Ke's stock price increased by 2.07%, reaching 3.45 yuan per share, with a trading volume of 141 million yuan and a turnover rate of 1.79%, resulting in a total market capitalization of 9.924 billion yuan [1] - Year-to-date, the stock price has risen by 6.81%, with a 2.07% increase over the last five trading days, a 4.23% increase over the last 20 days, and a 23.66% increase over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on August 6, where the net buying amount was -11.6165 million yuan, with total buying of 74.092 million yuan (15.28% of total trading volume) and total selling of 85.7085 million yuan (17.68% of total trading volume) [1] Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the seventh-largest circulating shareholder, holding 14.6396 million shares, an increase of 3.5104 million shares from the previous period [3]