INTCO RECYCLING(SH:688087) Jin Rong Jie·2025-04-07 13:28Company Overview - Yingke Recycling Resources Co., Ltd. is a high-tech manufacturer engaged in the recycling and utilization of plastic materials, innovatively integrating the entire industrial chain of plastic recycling [2] - The company is headquartered in Zibo, Shandong, with additional bases in Shanghai, Anhui, Jiangsu, Malaysia, and a developing site in Vietnam [2] - Yingke Recycling has the capacity to recycle approximately 100,000 tons of PS plastic annually and is about to launch a food-grade PET recycling project with a capacity of 50,000 tons per year [2] Financial Performance - For the third quarter of 2024, the company reported revenue of 2.231 billion yuan, a year-on-year increase of 22.30%, and a net profit of 195 million yuan, reflecting a year-on-year growth of 24.91% [2] - The sales gross margin stands at 25.65% [2] Market Position - As of April 7, the company's stock closed at 19.99 yuan, down 19.59%, with a rolling price-to-earnings (PE) ratio of 12.47 times [1] - The average PE ratio for the plastic products industry is 60.65 times, with a median of 34.62 times, positioning Yingke Recycling at 18th place within the industry [1][3] Shareholder Information - As of September 30, 2024, the number of shareholders for Yingke Recycling is 5,275, a decrease of 419 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares per shareholder [1]