Core Insights - Dahu Technology's stock increased by 0.11% on November 20, with a trading volume of 113 million yuan, indicating stable market interest [1] - The company reported a net financing outflow of 20.49 million yuan on the same day, with a total financing and margin balance of 278 million yuan, suggesting high leverage levels [1] - For the first nine months of 2025, Dahu Technology achieved a revenue of 2.228 billion yuan, reflecting a year-on-year growth of 16.43%, and a net profit of 601 million yuan, up 22.07% [2] Financing and Margin Data - On November 20, Dahu Technology had a financing buy-in of 6.751 million yuan, with a current financing balance of 2.77 billion yuan, accounting for 1.41% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of investor engagement [1] - The company also reported a margin balance of 705,000 yuan with a short selling volume of 39,900 shares, which is above the 80th percentile of the past year [1] Shareholder and Dividend Information - As of September 30, the number of Dahu Technology's shareholders decreased by 1.70% to 39,400, while the average number of circulating shares per person increased by 1.73% to 28,125 shares [2] - Since its A-share listing, Dahu Technology has distributed a total of 2.946 billion yuan in dividends, with 906 million yuan distributed in the last three years [3] - Notable institutional shareholders include Hong Kong Central Clearing Limited and new entrant Dongfanghong New Power Mixed A, indicating a shift in shareholder composition [3]

Core Viewpoint - Dahao Technology's stock experienced a slight decline of 0.12% on October 22, with a trading volume of 138 million yuan, indicating a stable market presence despite minor fluctuations [1]. Financing Summary - On October 22, Dahao Technology had a financing purchase amount of 10.72 million yuan, with a net financing purchase of 1.30 million yuan after repayments [1]. - The total financing and securities balance reached 193 million yuan, with the current financing balance of 192 million yuan accounting for 1.03% of the circulating market value, indicating a high level compared to the past year [1]. - The securities lending data showed a repayment of 4,300 shares with no shares sold, resulting in a securities lending balance of 755,600 yuan, which is at the 90th percentile level over the past year [1]. Business Performance - As of June 30, Dahao Technology reported a total of 40,100 shareholders, a decrease of 3.96% from the previous period, while the average circulating shares per person increased by 4.12% to 27,648 shares [2]. - For the first half of 2025, Dahao Technology achieved a revenue of 1.483 billion yuan, representing a year-on-year growth of 13.31%, and a net profit attributable to shareholders of 399 million yuan, reflecting a growth of 24.05% [2]. Dividend and Shareholding Information - Since its A-share listing, Dahao Technology has distributed a total of 2.946 billion yuan in dividends, with 906 million yuan distributed over the past three years [3]. - As of June 30, 2025, the largest circulating shareholder, Hong Kong Central Clearing Limited, held 3.9697 million shares, a decrease of 2.4689 million shares from the previous period, while the Southern CSI 1000 ETF increased its holdings by 389,300 shares to 2.0428 million shares [3].