Core Viewpoint - Han's Information experienced a slight decline of 0.81% in stock price on December 29, with a trading volume of 763 million yuan, indicating a stable market presence despite fluctuations in financing activities [1]. Financing Summary - On December 29, Han's Information had a financing buy amount of 121 million yuan and a repayment of 105 million yuan, resulting in a net financing purchase of approximately 15.89 million yuan [1]. - The total financing and securities balance reached 1.32 billion yuan, accounting for 7.54% of the circulating market value, which is above the 60th percentile level over the past year, indicating a high financing level [1]. - In terms of securities lending, 17,400 shares were repaid while 28,400 shares were sold, with a selling amount of approximately 485,400 yuan, and the remaining securities lending balance was 371,540 yuan, exceeding the 80th percentile level over the past year [1]. Business Performance - As of December 10, Han's Information reported a total of 123,000 shareholders, a decrease of 3.91%, while the average circulating shares per person increased by 4.28% to 7,943 shares [2]. - For the period from January to September 2025, Han's Information achieved a revenue of 2.439 billion yuan, reflecting a year-on-year growth of 3.67%, and a net profit attributable to shareholders of 145 million yuan, with a year-on-year increase of 6.96% [2]. Dividend and Shareholding Structure - Since its A-share listing, Han's Information has distributed a total of 415 million yuan in dividends, with 125 million yuan distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the third-largest shareholder with 16.526 million shares, an increase of 11.117 million shares from the previous period [3]. - The Southern CSI 1000 ETF ranked as the sixth-largest shareholder with 9.0096 million shares, a decrease of 95,600 shares, while Huaxia CSI 1000 ETF, ranked ninth, had 5.352 million shares, a reduction of 8,000 shares [3].