Core Insights - Taxfriend Co., Ltd. experienced a slight decline in stock price by 0.41% on November 14, with a trading volume of 193 million yuan [1] - The company reported a financing buy-in of 14.43 million yuan and a net financing buy of 3.54 million yuan on the same day, indicating strong investor interest despite the stock price drop [1] Financing Overview - As of November 14, the total financing and securities lending balance for Taxfriend Co., Ltd. reached 135 million yuan, with financing balance accounting for 0.71% of the circulating market value, indicating a high level of financing activity [1] - The company’s financing buy-in on November 14 was 14.43 million yuan, while the current financing balance stands at 134 million yuan, which is above the 90th percentile of the past year [1] Securities Lending Overview - On November 14, Taxfriend Co., Ltd. repaid 1,300 shares in securities lending, with no shares sold, resulting in a securities lending balance of 66,680 yuan, which is above the 80th percentile of the past year [1] Company Profile - Taxfriend Co., Ltd. was established on December 22, 1999, and went public on June 30, 2021. The company specializes in the research, sales, and technical services of financial and tax information technology products [1] - The main revenue sources for the company are intelligent financial and tax services, accounting for 71.45%, and digital government services, accounting for 36.76% of total revenue [1] Financial Performance - For the period from January to September 2025, Taxfriend Co., Ltd. reported a revenue of 1.426 billion yuan, reflecting a year-on-year growth of 11.10%, while the net profit attributable to shareholders decreased by 4.74% to 110 million yuan [2] - The company has distributed a total of 366 million yuan in dividends since its A-share listing, with 244 million yuan distributed over the past three years [2] Shareholder Structure - As of September 30, 2025, the number of shareholders for Taxfriend Co., Ltd. increased by 30.14% to 14,400, while the average circulating shares per person decreased by 23.16% to 28,177 shares [2] - Notable changes in institutional holdings include a decrease in shares held by Huazhang Small and Medium Growth Mixed Fund and the entry of new shareholders such as GF Electronic Information Media Stock A and Huabao Zhongzheng Financial Technology Theme ETF [2]

Core Viewpoint - Taxfriend Co., Ltd. has shown a mixed financial performance with a revenue increase but a decline in net profit, indicating potential challenges in profitability despite growth in sales [2] Group 1: Stock Performance - On October 9, Taxfriend's stock rose by 1.32%, with a trading volume of 265 million yuan [1] - The financing buy-in amount for Taxfriend on the same day was 16.64 million yuan, while the financing repayment was 14.32 million yuan, resulting in a net financing buy of 2.31 million yuan [1] - As of October 9, the total margin balance for Taxfriend was 99.89 million yuan [1] Group 2: Financial Performance - For the first half of 2025, Taxfriend reported a revenue of 922 million yuan, representing a year-on-year growth of 13.25% [2] - The net profit attributable to shareholders for the same period was 71.01 million yuan, which is a decrease of 19.52% compared to the previous year [2] - Cumulative cash dividends since the A-share listing amount to 366 million yuan, with 244 million yuan distributed over the past three years [2] Group 3: Shareholder Structure - As of June 30, 2025, the number of shareholders for Taxfriend was 11,100, a decrease of 9.43% from the previous period [2] - The average number of circulating shares per shareholder increased by 10.41% to 36,669 shares [2] - Notable institutional shareholders include Huashan Small and Medium Growth Mixed Fund, which is the fourth largest shareholder with 3.7988 million shares, and new entrants like Caitong Asset Management Digital Economy Mixed Fund [2]