Xingqiu Graphite(SH:688633) Xin Lang Cai Jing·2025-08-27 09:52Core Viewpoint - The company, Xingqiu Graphite, is a leading supplier of graphite chemical equipment and has recently signed significant contracts, indicating strong international market expansion potential [2][3]. Company Overview - Xingqiu Graphite is located in Jiangsu Province and was established in October 2001, with its stock listed on March 24, 2021. The company specializes in the research, production, sales, and maintenance of graphite equipment [7]. - The main revenue sources for the company include graphite equipment (53.78%), equipment parts (20.66%), maintenance services (10.99%), and other segments [7]. Recent Developments - The company has signed a product sales contract with Adani Group's subsidiary for a green PVC project, valued at approximately 29,990.73 million RMB, which demonstrates its capability to secure large international contracts [2]. - The company has successfully ignited a new project in Vietnam, further showcasing its operational capabilities and commitment to expanding in Southeast Asia [2]. Industry Position - Xingqiu Graphite is recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title in China, indicating its strong market position and technological capabilities [3]. - The company is positioned within the mechanical equipment sector, specifically in specialized equipment for energy and heavy industries, and is associated with concepts such as small-cap stocks, specialized innovation, energy conservation, and the Belt and Road Initiative [7]. Financial Performance - For the first quarter of 2025, the company reported a revenue of 1.28 billion RMB, reflecting a year-on-year growth of 8.39%, while the net profit attributable to shareholders decreased by 40.81% to 167.93 million RMB [7]. - Since its A-share listing, the company has distributed a total of 2.05 billion RMB in dividends, with 1.40 billion RMB distributed over the past three years [8].