Core Viewpoint - Nanwei Software experienced a slight decline of 0.94% in stock price on October 22, with a trading volume of 61.81 million yuan, indicating a low financing balance relative to its market value [1] Financing Summary - On October 22, Nanwei Software had a financing buy-in amount of 6.36 million yuan and a financing repayment of 5.74 million yuan, resulting in a net financing buy of 0.62 million yuan [1] - The total financing and securities balance reached 298 million yuan, with the financing balance at 296 million yuan, accounting for 4.40% of the circulating market value, which is below the 20th percentile of the past year [1] - The company had a securities lending repayment of 1,300 shares and a securities lending sell of 500 shares, with a lending balance of 152.09 million yuan, exceeding the 80th percentile of the past year [1] Business Performance - As of June 30, the number of shareholders for Nanwei Software was 62,700, a decrease of 10.71% from the previous period, while the average circulating shares per person increased by 11.99% to 9,258 shares [2] - For the first half of 2025, the company reported a revenue of 314 million yuan, representing a year-on-year growth of 38.49%, while the net profit attributable to the parent company was -72.05 million yuan, a year-on-year increase of 37.23% [2] Dividend and Shareholding Structure - Since its A-share listing, Nanwei Software has distributed a total of 512 million yuan in dividends, with 77.77 million yuan distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders included Southern CSI 1000 ETF, which increased its holdings by 609,300 shares to 3.21 million shares, while Hong Kong Central Clearing Limited reduced its holdings by 252,830 shares to 2.87 million shares [3]

Core Insights - The main business of the company includes the research and development of management software such as report management software, e-government software, group control software, and business intelligence software, providing solutions for financial settlement, statistical and decision analysis, integrated financial and business management, comprehensive budget management, consolidated reporting, related party transaction verification, and asset management for government departments and enterprises [2] - The company's revenue structure shows that information services account for the highest proportion at 74.38%, while technical services account for 20.46% [2] - The company achieved a net profit attributable to shareholders of 0.41 billion in 2009, the year of its IPO, but reported a net loss of 1.56 billion for the latest complete fiscal year of 2024, marking a cumulative decline of 475.43% over the years [2] - Over the past 16 years, the company has recorded losses in 4 years, with years of net profit growth reaching 10 years, accounting for 62.5% [2] Revenue Analysis - In terms of revenue, the company achieved 2.821 billion in 2020 and reached 4.037 billion in 2024, showing a continuous growth trend in the last three years after experiencing a decline in the previous two years [3] - Profitability has shown significant volatility, with the company reporting a net profit of 0.72 billion in 2020, which turned into a net loss of 1.56 billion by 2024 [3] Market Performance - The company's market value peaked at 22.369 billion on June 5, 2015, with the stock price rising to 112.86, but by August 8, the stock price had dropped to 7.35, resulting in a market value of 6.337 billion, a decrease of 16.031 billion, or 71.67% from its peak [5]