Core Viewpoint - Qixiang Tengda's stock performance shows a slight increase, with significant trading activity and a notable balance in margin financing and securities lending [1][2]. Group 1: Financial Performance - For the period from January to September 2025, Qixiang Tengda reported a revenue of 18.212 billion, a year-on-year decrease of 0.77% [2]. - The company experienced a net profit attributable to shareholders of -146 million, reflecting a significant year-on-year decline of 174.19% [2]. Group 2: Shareholder and Trading Activity - As of November 11, Qixiang Tengda's financing buy-in amounted to 11.6827 million, with a net buy of 2.91 million, indicating active trading [1]. - The total margin financing and securities lending balance reached 406 million, with the financing balance accounting for 2.82% of the circulating market value, which is below the 30th percentile of the past year [1]. - The number of shareholders increased to 56,600, with an average of 48,602 circulating shares per person, a slight decrease of 0.28% [2]. Group 3: Dividend and Institutional Holdings - Qixiang Tengda has cumulatively distributed 2.643 billion in dividends since its A-share listing, with 908 million distributed over the past three years [3]. - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.6957 million shares [3].

Core Viewpoint - Qixiang Tengda's stock price has shown fluctuations, with a recent increase of 2.07% and a total market value of 14.044 billion yuan, despite a year-to-date decline of 1.20% [1] Financial Performance - For the period from January to September 2025, Qixiang Tengda reported a revenue of 18.212 billion yuan, a year-on-year decrease of 0.77%, and a net profit attributable to shareholders of -146 million yuan, a significant decline of 174.19% [2] - Cumulative cash dividends since the company's A-share listing amount to 2.643 billion yuan, with 908 million yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders increased to 56,600, with an average of 48,602 circulating shares per person, a decrease of 0.28% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.6957 million shares, and new entrants such as Penghua Zhongzheng Fine Chemical Industry Theme ETF and Guangfa Advantage Growth Stock A [3]