Company Overview - Dadi Ocean Environmental Co., Ltd. is located in Yuhang District, Hangzhou, Zhejiang Province, and was established on June 20, 2003. The company was listed on September 28, 2021. Its main business involves the resource utilization of hazardous waste, harmless disposal of hazardous waste, and dismantling of electronic waste [1]. Financial Performance - For the period from January to June 2025, Dadi Ocean reported operating revenue of 414 million yuan, a year-on-year decrease of 3.83%. The net profit attributable to the parent company was -58.28 million yuan, representing a year-on-year decrease of 270.81% [2]. - Cumulative cash dividends paid by Dadi Ocean since its A-share listing amount to 80.04 million yuan, with 69.96 million yuan paid out over the past three years [3]. Shareholder Information - As of September 10, 2025, the number of shareholders in Dadi Ocean was 4,165, a decrease of 0.26% from the previous period. The average circulating shares per person increased by 0.26% to 24,196 shares [2]. - As of June 30, 2025, among the top ten circulating shareholders, E Fund Keri Mixed Fund (003293) ranked as the sixth largest shareholder with 3.5343 million shares, an increase of 815,600 shares compared to the previous period. E Fund Contrarian Investment Mixed A (011649) has exited the top ten circulating shareholders list [3]. Financing and Margin Trading - On September 15, Dadi Ocean's stock price fell by 0.88%, with a trading volume of 29.76 million yuan. The financing buy-in amount for that day was 4.08 million yuan, while the financing repayment was 2.07 million yuan, resulting in a net financing buy-in of 2.01 million yuan. The total margin trading balance as of September 15 was 58.06 million yuan, accounting for 1.58% of the circulating market value, which is above the 80th percentile level over the past year [1]. - In terms of securities lending, there were no shares repaid or sold on September 15, with the lending balance also at zero, indicating a high level of inactivity in this area [1].

Core Viewpoint - The company, Dadi Ocean, reported a decline in stock price and financial performance, indicating challenges in its operations and recent acquisitions [1] Financial Performance - The stock price of Dadi Ocean is 30.80 yuan, down 0.80 yuan from the previous trading day [1] - The opening price was 31.60 yuan, with a high of 31.60 yuan and a low of 30.71 yuan, with a trading volume of 24,267 hands and a transaction amount of 0.75 billion yuan [1] - In the first half of 2025, the company achieved operating revenue of 414 million yuan, a year-on-year decrease of 3.83% [1] - The net profit attributable to the parent company was a loss of 58.28 million yuan [1] - The net cash flow from operating activities was -18.02 million yuan, showing some improvement compared to the same period last year [1] Recent Developments - The company recently completed the acquisition of equity in Tiger Brother, which has been registered for business changes as of August 15 and will be included in the consolidated financial statements for the third quarter [1] - As of August 20, the total number of shareholders was 3,360 [1] - Among the top ten circulating shareholders, the social security fund's transfer to the 3008 combination has replaced the previous E Fund's reverse investment fund [1]