Core Viewpoint - The stock of Beijing Siter Technology Co., Ltd. has shown fluctuations, with a year-to-date increase of 11.31%, but recent declines in the last five, twenty, and sixty trading days indicate potential volatility in the market [1][2]. Company Overview - Beijing Siter Technology Co., Ltd. was established on December 25, 1995, and went public on February 13, 2017. The company is located in Haidian District, Beijing [1]. - The company provides comprehensive solutions for telecom operators such as China Mobile, China Unicom, China Telecom, and Broadcasting Network, focusing on customer relationship management, big data, billing, mobile internet, and business assurance [1]. - The revenue composition of the company includes CRM (46.97%), billing (19.51%), cloud computing (16.84%), and big data (16.68%) [1]. Financial Performance - As of September 30, the company reported a revenue of 240 million yuan for the first nine months of 2025, reflecting a year-on-year decrease of 25.48%. The net profit attributable to the parent company was -177 million yuan, a decrease of 14.12% year-on-year [2]. - The company has distributed a total of 121 million yuan in dividends since its A-share listing, with 5.92 million yuan distributed over the last three years [2]. Stock Market Activity - On November 3, the stock price increased by 2.11%, reaching 12.11 yuan per share, with a trading volume of 47.46 million yuan and a turnover rate of 1.38%, resulting in a total market capitalization of 4.011 billion yuan [1]. - The net outflow of main funds was 921,700 yuan, with large orders buying 4.0842 million yuan (8.61% of total) and selling 5.006 million yuan (10.55% of total) [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent occurrence on February 5 [1].

Core Viewpoint - The stock price of Sitergy has experienced fluctuations, with a recent decline of 2.06% and a year-to-date increase of 13.79% [1] Company Overview - Sitergy, established on December 25, 1995, and listed on February 13, 2017, is located in Haidian District, Beijing. The company provides comprehensive solutions for telecom operators such as China Mobile, China Unicom, China Telecom, and broadcasting networks, focusing on customer relationship management, big data, billing, mobile internet, and business assurance [1] - The main revenue components of Sitergy are CRM (46.97%), billing (19.51%), cloud computing (16.84%), and big data (16.68%) [1] Financial Performance - As of June 30, Sitergy reported a decrease in revenue to 180 million yuan, down 24.27% year-on-year, and a net profit loss of 88.06 million yuan, a decrease of 13.88% year-on-year [2] - The company has distributed a total of 121 million yuan in dividends since its A-share listing, with 5.92 million yuan distributed over the past three years [2] Market Activity - As of October 16, Sitergy's stock price was 12.38 yuan per share, with a market capitalization of 4.101 billion yuan. The trading volume was 22.16 million yuan, with a turnover rate of 0.62% [1] - The net outflow of main funds was 2.51 million yuan, with large purchases accounting for 3.29% and sales for 14.61% of the total [1] - Sitergy has appeared on the stock market's "Dragon and Tiger List" once this year, with the last occurrence on February 5 [1]

Core Viewpoint - The company, Sitergy, is facing significant operational challenges, with a notable decline in revenue and persistent losses over the past decade, indicating ongoing profitability issues [1][3]. Financial Performance - In the first half of 2025, Sitergy reported an operating revenue of 180 million yuan, a year-on-year decrease of 24.27%, and a net profit loss of 88 million yuan [1]. - The net profit margin further declined from -33.13% in the first half of 2024 to -49.74% in 2025, while the gross profit margin decreased from 20.01% to 15.47% [3]. - The return on equity stood at -5.89% [3]. Operational Efficiency - The inventory turnover days increased to 396.13 days, a rise of 32.2% compared to the first half of 2024, indicating heightened inventory management pressure [5]. - The net cash flow from operating activities was 69 million yuan, showing a positive turnaround from negative in the same period of 2024 [5]. - The asset-liability ratio for the first half of 2025 was 39.82%, an increase of 0.75 percentage points year-on-year [5]. Institutional Investment - As of the first half of 2025, the number of institutions holding Sitergy's stock decreased to 6, down from 26 in the same period of 2024, reflecting a significant decline in institutional investor confidence [7]. - The company's market capitalization peaked at 6.533 billion yuan on November 15, 2023, but has since fallen to 4.488 billion yuan, requiring a 45.56% increase in stock price to reach its historical high [7].