融券方面，华设集团10月20日融券偿还0.00股，融券卖出400.00股，按当日收盘价计算，卖出金额 3040.00元；融券余量2.91万股，融券余额22.12万元，超过近一年50%分位水平，处于较高位。 资料显示，华设设计集团股份有限公司位于江苏省南京市秦淮区紫云大道9号，成立日期2005年8月12 日，上市日期2014年10月13日，公司主营业务涉及勘察设计、规划研究、试验检测、工程管理等工程咨 询服务。主营业务收入构成为：勘察设计49.75%，低碳及环保业务12.81%，综合检测11.14%，数字及 智慧业务9.99%，规划研究8.72%，项目全过程管理及商业运营6.28%，其他(补充)1.31%。 10月20日，华设集团涨0.40%，成交额2619.24万元。两融数据显示，当日华设集团获融资买入额316.15 万元，融资偿还313.28万元，融资净买入2.87万元。截至10月20日，华设集团融资融券余额合计3.11亿 元。 融资方面，华设集团当日融资买入316.15万元。当前融资余额3.11亿元，占流通市值的5.99%，融资余 额超过近一年50%分位水平，处于较高位。 分红方面，华设集团A股上市后累计 ...

Company Overview - Huasheng Group's stock price increased by 2.06% on September 15, reaching 7.93 CNY per share, with a total market capitalization of 5.422 billion CNY [1] - The company was established on August 12, 2005, and went public on October 13, 2014 [1] - Main business activities include surveying and design, planning research, testing and inspection, and engineering management [1] Financial Performance - For the first half of 2025, Huasheng Group reported a revenue of 1.495 billion CNY, a year-on-year decrease of 9.97% [2] - The net profit attributable to shareholders was 101 million CNY, down 34.36% compared to the previous year [2] - Cumulative cash dividends since the A-share listing amount to 1.249 billion CNY, with 455 million CNY distributed over the last three years [3] Shareholder Information - As of July 31, the number of shareholders increased to 34,600, a rise of 59.46% [2] - The average number of circulating shares per shareholder decreased by 37.29% to 19,750 shares [2] - Major shareholders include Qianhai Kaiyuan Public Utilities Stock and Qianhai Kaiyuan New Economy Mixed A, with significant increases in their holdings [3] Stock Market Activity - Year-to-date, Huasheng Group's stock price has decreased by 2.22%, with a 2.19% increase over the last five trading days [1] - The stock has seen a trading volume of 75.6136 million CNY with a turnover rate of 1.41% [1] - The net inflow of main funds was 187,300 CNY, with significant buying and selling activity noted [1] Business Segments - Revenue breakdown shows that surveying and design accounts for 49.75%, low-carbon and environmental business 12.81%, and comprehensive testing 11.14% [1] - The company is categorized under the construction decoration industry, specifically in engineering consulting services [1] - Conceptual sectors include design consulting, water conservancy construction, new urbanization, smart parking, and intelligent transportation [1]

Investment Rating - The report maintains a "Buy" rating for the company [4][7] Core Views - The traditional business is under pressure, while the transformation is ongoing. In H1 2025, the company achieved revenue of 1.495 billion yuan, down 9.97% year-on-year, and a net profit attributable to shareholders of 101 million yuan, down 34.36% year-on-year. The company is focusing on digital and smart business, low-carbon and environmental business, and project management, which have shown positive growth [1][2] Summary by Sections Financial Performance - In H1 2025, the revenue from surveying and design was 744 million yuan, down 9.58% year-on-year, while planning research revenue was 130 million yuan, down 42.95%. The sales net profit margin was 6.85%, down 2.23 percentage points, and the gross profit margin was 34.79%, down 1.58 percentage points [1] - The company’s digital business contracts exceeded 150 million yuan, up 12% year-on-year, indicating progress in digital transformation [2] Cost Management - The company's expense ratio increased to 22.89%, up 1.5 percentage points year-on-year, with sales, management, R&D, and financial expense ratios increasing as well, which negatively impacted profits [3] Future Outlook - The company is expected to generate revenues of 4.044 billion yuan, 4.000 billion yuan, and 4.076 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 321 million yuan, 317 million yuan, and 322 million yuan for the same years [4][6]