61 ChiNext Stocks See Shareholder Counts Fall; Kairun Down 24%, Average Gain 8.23%
As of July 31, 61 of 282 ChiNext stocks reported fewer shareholder accounts versus July 20, with five down over 10%. Kairun led with a 24.02% decline to 11,997 accounts. The 61 stocks averaged an 8.23% gain since July 21, led by Qiutian Micro (+38.85%). ST Funeng posted the longest consecutive decline at 25 periods. Leveraged funds added positions in nine names, while ST Dirui reported the highest H1 net profit growth at 126.83%.
As of July 31, 282 ChiNext-listed stocks had disclosed their latest shareholder counts. Compared with July 20, 61 stocks saw a decline in shareholder accounts, with five down more than 10%; 154 stocks posted a sequential increase.
Kairun recorded the largest drop, with its latest shareholder count at 11,997, down 24.02% from July 20. Since the shareholding concentration, the stock has fallen 4.03% with a cumulative turnover of 97.60%, and main capital saw a net outflow of RMB 72.29 million. Next, Zhengguang had 12,025 accounts, down 22.77%, with an 11.18% decline and 148.56% turnover. Changshan had 61,797 accounts, down 19.55%, with a 13.91% drop and 65.48% turnover.
A total of 17 ChiNext stocks showed a continuous concentration trend, with shareholder counts declining for three or more consecutive periods, with the longest streak at 25 periods. ST Funeng had 36,389 accounts, down for 25 consecutive periods, a cumulative decline of 43.27%. ST Dirui had 11,756 accounts, down 10 periods, a cumulative decline of 27.27%. Meili had 16,930 accounts, down 8 periods, a cumulative decline of 21.72%. In terms of cumulative decline, ST Funeng, ST Pairui, and Qiutian saw the largest drops of 43.27%, 38.29%, and 30.50%, respectively.
In market performance, the latest batch of stocks with concentrated shareholding rose an average of 8.23% since July 21. The leaders were Qiutian, Minbao, and ST Yaguang, up 38.85%, 24.95%, and 24.59%, respectively. By industry, pharmaceuticals and biotechnology, machinery and equipment, and basic chemicals were the most concentrated, with 10, 8, and 6 stocks respectively.
On the capital front, some of the concentrated stocks attracted leveraged funds. As of August 6, nine stocks saw increased leveraged positions. Among them, the largest increases in financing balances since the concentration were Wanbang, Gangdi, and Qiutian, up 70.38%, 24.30%, and 12.45%, respectively. In terms of earnings, two stocks have released half-year reports, with ST Dirui posting the highest net profit growth at 126.83%. Five stocks have released H1 earnings forecasts, with four predicting increases.