Shenzhen Tellus Holding Co. Ltd – A Snapshot of Recent Developments
Shenzhen Tellus Holding Co. Ltd (stock code 000025) is a diversified player listed on the Shenzhen Stock Exchange, operating in import‑export trading, machinery and electrical appliance manufacturing, automobile repair and inspection, and real‑estate investment. As of 20 October 2025, the share price closed at CNY 17.56, with a 52‑week high of CNY 21.79 (28 October 2024) and a 52‑week low of CNY 13.86 (8 April 2025). The company’s market capitalisation stands at CNY 7.5 billion, and its price‑earnings ratio is 52.08, reflecting the premium investors are willing to pay for its earnings potential.
1. Share Price Surge and Market Dynamics
On 23 October 2025, Tellus Holding experienced a limit‑up—the stock hit the daily price ceiling for the first time in the day. The surge coincided with a significant inflow of margin financing: on 22 October, investors added CNY 8.8306 million to their positions, bringing the total margin balance to CNY 238.28 million. This amount represents 3.48 % of the free‑float market value, exceeding the historical 80th percentile for margin borrowing. The rise in margin activity indicates a bullish sentiment among traders and a strong appetite for the stock.
The limit‑up was reinforced by a broader macro‑environmental factor: the Shenzhen Municipal Financial Administration issued a policy on 22 October outlining a plan to accelerate the re‑organisation of state‑owned enterprises and the integration of high‑growth, technology‑based businesses. The policy specifically encourages state‑owned listed companies to increase their valuation tolerance for light‑asset, tech‑focused acquisition targets, signalling potential support for companies like Tellus that are linked to Shenzhen’s state‑owned assets.
2. Operational Highlights
Tellus’s latest half‑year report (covering 1 January – 30 June 2025) shows a reversal in profitability despite a sharp drop in revenue:
| Metric | 2025 H1 | YoY % Change |
|---|---|---|
| Revenue | 8.78 billion CNY | –44.41 % |
| Net profit attributable to parent | 84.01 million CNY | +9.59 % |
Although revenue fell, the company’s core profitability improved, suggesting tighter cost control and a more efficient asset mix. The firm’s revenue mix remains diversified, with key segments including property leasing, automobile sales, jewelry retail, and vehicle inspection.
3. Digital Transformation in Jewelry Trade
Tellus is actively pursuing a digital strategy through its participation in the Shenzhen International Jewelry and Gemstone Comprehensive Trade Platform. The company’s engagement with the platform involves:
- Building a digital transaction hub that streamlines supply‑chain operations and creates an ecosystem for stakeholders.
- Leveraging Artificial Intelligence to enhance customer service and accelerate product iterations.
- Exploring supply‑chain financing solutions to support the broader jewelry ecosystem.
These initiatives are part of Tellus’s broader objective to modernise the traditional jewellery industry and unlock new revenue streams in an increasingly digital marketplace.
4. International Trade Position
The company maintains active trade relationships with Russia and Turkey, but it currently does not export products to any European Union member states. This limitation has been clarified in a recent investor‑question response and indicates a focus on non‑EU markets for its export business.
5. Future Outlook
The recent limit‑up, combined with the policy environment favouring state‑owned enterprise restructuring, suggests that Tellus Holding may have further upside potential. Analysts expect continued momentum if the company can sustain its profitability improvements and deepen its digital transformation agenda. Investors should monitor:
- Margin financing trends, as elevated levels often precede price acceleration.
- Policy developments related to Shenzhen’s state‑owned enterprise reform, which could unlock additional capital and strategic partnerships.
- Execution on the jewelry platform, particularly the adoption of AI and supply‑chain financing, which could translate into higher operating margins.
In summary, Shenzhen Tellus Holding Co. Ltd is navigating a period of significant institutional support and digital innovation, positioning itself to capitalize on both its diversified business model and the evolving policy landscape in Shenzhen.
