China Satellite Communications Hits Record High as Margin Traders Boost Holdings

Deep News01-12

China Satellite Communications Co.,Ltd. saw its share price reach a new historical high, continuing a recent trend of repeatedly breaking records, with the stock setting fresh all-time highs on 10 separate trading days over the past month. As of 09:38, the stock was up 6.06%, trading at 51.95 yuan, with a trading volume of 60.7438 million shares and a turnover of 3.093 billion yuan. The turnover rate stood at 1.44%, while the company's latest total A-share market capitalization reached 219.457 billion yuan, with a circulating market cap also at 219.457 billion yuan.

Statistics from Securities Times' DataBaо show that within the national defense and military industry sector, to which China Satellite Communications belongs, the overall sector gain was 2.89%. Within the sector, 124 stocks advanced, including Yinhe Electron and *ST Chengchang among the three that hit the daily limit-up. Conversely, 17 stocks declined, with *ST Aowei (Rights Protection), Northern Long Dragon, and Great Wall Military Industry leading the losses, down 4.13%, 2.93%, and 2.73% respectively.

Data on margin trading and securities lending indicated that the stock's latest balance (as of January 9) for these activities was 2.461 billion yuan. Of this, the margin trading balance was 2.455 billion yuan, having increased by 259 million yuan over the past 10 days, a sequential growth of 11.77%.

According to the company's released third-quarter report data, for the first three quarters, the company achieved total operating revenue of 1.852 billion yuan, a year-on-year increase of 5.35%. However, net profit attributable to shareholders was 286 million yuan, representing a decrease of 40.58% compared to the same period last year. Basic earnings per share were 0.0676 yuan, and the weighted average return on equity was 1.82%.

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