Core Insights - StarNet Ruijie experienced a 0.80% decline in stock price on October 23, with a trading volume of 430 million yuan [1] - The company reported a net financing outflow of 9.18 million yuan on the same day, with a total financing and securities balance of 550 million yuan [1][2] - For the period from January to September 2025, StarNet Ruijie achieved a revenue of 14.168 billion yuan, representing a year-on-year growth of 19.20%, and a net profit of 344 million yuan, up 31.06% year-on-year [2] Financing and Securities - On October 23, the financing buy-in amount was 39.83 million yuan, while the financing repayment was 49.02 million yuan, resulting in a net financing buy-in of -9.18 million yuan [1] - The current financing balance is 548 million yuan, accounting for 3.62% of the circulating market value, which is below the 40th percentile level over the past year, indicating a low position [1] - The securities lending data shows a repayment of 1,000 shares with no shares sold, and a securities lending balance of 1.7433 million yuan, which is above the 50th percentile level over the past year, indicating a high position [1] Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 8.99% to 49,000, while the average circulating shares per person increased by 9.88% to 11,913 shares [2][3] - The top circulating shareholder is Hong Kong Central Clearing Limited, holding 70.764 million shares, an increase of 25.1513 million shares from the previous period [3] - New entrants among the top ten circulating shareholders include Dongfanghong Rui Feng Mixed Fund and E Fund Information Industry Mixed A, while E Fund Strategic Emerging Industries Stock A has exited the list [3] Dividend Information - Since its A-share listing, StarNet Ruijie has distributed a total of 1.145 billion yuan in dividends, with 353 million yuan distributed over the past three years [3]