Core Points - The stock price of Qingniao Fire rose by 2.06% on November 28, reaching 11.42 CNY per share, with a trading volume of 4.35 billion CNY and a market capitalization of 9.996 billion CNY [1] - The company has seen a year-to-date stock price increase of 19.48%, with a 13.41% rise over the last five trading days [1] Financial Performance - For the period from January to September 2025, Qingniao Fire reported a revenue of 3.359 billion CNY, a year-on-year decrease of 4.60%, and a net profit attributable to shareholders of 238 million CNY, down 29.01% year-on-year [2] - The company has distributed a total of 899 million CNY in dividends since its A-share listing, with 575 million CNY distributed over the last three years [3] Shareholder Information - As of October 31, 2025, the number of shareholders of Qingniao Fire increased to 27,000, with an average of 27,723 circulating shares per shareholder, a decrease of 0.48% from the previous period [2] - Hong Kong Central Clearing Limited is the eighth largest circulating shareholder, holding 7.216 million shares, which is a decrease of 609,000 shares compared to the previous period [3] Business Overview - Qingniao Fire, established on June 15, 2001, and listed on August 9, 2019, specializes in the research, development, production, and sales of fire safety system products [1] - The main revenue sources include fire alarm and control systems (44.58%), emergency lighting and intelligent evacuation systems (21.20%), and fire extinguishing products (12.00%) [1]

Core Viewpoint - Qingniao Fire's stock price has shown fluctuations with a year-to-date increase of 16.55%, while recent performance indicates a 10.23% decline over the past 20 days [1][2]. Financial Performance - For the period from January to September 2025, Qingniao Fire reported a revenue of 3.359 billion yuan, representing a year-on-year decrease of 4.60%. The net profit attributable to shareholders was 238 million yuan, down 29.01% compared to the previous year [2]. - Since its A-share listing, Qingniao Fire has distributed a total of 899 million yuan in dividends, with 575 million yuan distributed over the last three years [3]. Stock Market Activity - As of November 12, Qingniao Fire's stock price was 11.14 yuan per share, with a market capitalization of 9.751 billion yuan. The trading volume was 52.0322 million yuan, with a turnover rate of 0.63% [1]. - The stock experienced a net inflow of 7.9659 million yuan from main funds, with significant buying and selling activity from large orders [1]. Shareholder Information - As of October 31, the number of shareholders for Qingniao Fire was 27,000, reflecting a 0.49% increase from the previous period. The average number of circulating shares per shareholder decreased by 0.49% to 27,722 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 7.216 million shares, a decrease of 609,000 shares from the previous period [3]. Business Overview - Qingniao Fire, established on June 15, 2001, and listed on August 9, 2019, specializes in the research, development, production, and sales of fire safety system products. The main revenue sources include fire alarm and control systems (44.58%), emergency lighting and intelligent evacuation systems (21.20%), and other fire safety products [1].