资金流向方面，主力资金净流入1310.04万元，特大单买入1259.88万元，占比9.06%，卖出602.69万元， 占比4.34%；大单买入3091.61万元，占比22.24%，卖出2438.77万元，占比17.54%。 11月12日，海澜之家盘中上涨2.06%，截至10:31，报6.44元/股，成交1.39亿元，换手率0.45%，总市值 309.30亿元。 海澜之家今年以来股价跌12.02%，近5个交易日涨3.04%，近20日跌1.53%，近60日跌8.00%。 分红方面，海澜之家A股上市后累计派现214.04亿元。近三年，累计派现65.16亿元。 机构持仓方面，截止2025年9月30日，海澜之家十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股8325.53万股，相比上期减少295.66万股。华泰柏瑞上证红利ETF（510880）位居第五大流 通股东，持股7772.88万股，相比上期增加432.86万股。南方中证500ETF（510500）位居第六大流通股 东，持股3489.99万股，相比上期减少71.78万股。易方达中证红利ETF（515180）位居第九大流通股 东，持股1945.56万股 ...

Core Viewpoint - The stock of Hailan Home has shown fluctuations, with a recent increase of 2.09% on November 10, 2023, despite a year-to-date decline of 13.25% [1] Financial Performance - For the period from January to September 2025, Hailan Home achieved a revenue of 15.599 billion yuan, representing a year-on-year growth of 2.23%, while the net profit attributable to shareholders decreased by 2.37% to 1.862 billion yuan [2] - Cumulative cash dividends since the A-share listing amount to 21.404 billion yuan, with 6.516 billion yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 17.10% to 62,700, while the average circulating shares per person decreased by 14.60% to 76,659 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 83.2553 million shares, a decrease of 2.9566 million shares from the previous period [3] Market Activity - The stock's trading volume on November 10, 2023, reached 258 million yuan, with a turnover rate of 0.85% and a total market capitalization of 30.498 billion yuan [1] - The stock has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on January 2 [1]

Core Viewpoint - The company, HLA (海澜之家), is initiating plans for a Hong Kong listing to enhance its global strategy and accelerate overseas business development [1][2]. Group 1: Overseas Expansion - HLA's overseas revenue has significantly increased from 6.17 million in 2017 to 355 million in 2024, with a 27.42% year-on-year growth in the first half of 2025 [2]. - The company is expanding into mature markets like Malaysia, Thailand, Vietnam, and Singapore, while also exploring new markets in Central Asia and the Middle East [2][18]. - As of the first half of 2025, HLA has opened 111 overseas stores, with a focus on profitability in various store formats [23]. Group 2: Business Strategy and Performance - HLA is transitioning from a men's clothing brand to a family-oriented brand, implementing a multi-brand strategy that includes women's wear, children's wear, and sportswear [4][5]. - Despite a 1.73% year-on-year revenue growth to 11.566 billion in the first half of 2025, the company's net profit decreased by 3.42% to 1.580 billion, indicating challenges in performance [5]. - The main brand, HLA, contributes approximately 75% of the company's revenue, with consistent performance over the years [8][9]. Group 3: Financial Overview - HLA's revenue from 2020 to 2024 showed fluctuations, with figures of 17.959 billion, 20.188 billion, 18.562 billion, 21.528 billion, and 20.957 billion respectively, reflecting varying growth rates [5][6]. - The company's net profit during the same period also experienced volatility, with figures of 1.785 billion, 2.491 billion, 2.155 billion, 2.952 billion, and 2.159 billion, indicating a challenging financial landscape [5][6]. Group 4: Market Position and Future Outlook - HLA's overseas business has a gross margin significantly higher than its domestic operations, with margins of 66.32%, 68.89%, and 68.13% from 2022 to 2024 [19]. - The overseas revenue still represents a small portion of total revenue, accounting for only 1.83% in the first half of 2025 [21][22]. - The company is actively pursuing new market opportunities and plans to open its first store in Australia in the second half of 2025 [18].