SANYOU CORP.(SZ:300932) Xin Lang Cai Jing·2025-10-23 12:07Core Insights - The company reported a revenue of 1.745 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 9.03% [1] - The net profit attributable to shareholders was 62.88 million yuan, up 22.20% year-on-year, while the net profit excluding non-recurring items was 61.16 million yuan, reflecting a 25.60% increase [1] - Basic earnings per share stood at 0.20 yuan [1] Financial Performance - The company achieved a gross margin of 18.32% for the first three quarters, a decrease of 0.26 percentage points year-on-year, while the net profit margin was 3.59%, an increase of 0.38 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 18.33%, showing a year-on-year increase of 0.84 percentage points but a quarter-on-quarter decrease of 0.71 percentage points; the net profit margin was 3.12%, up 1.04 percentage points year-on-year but down 2.19 percentage points from the previous quarter [2] - Total operating expenses for Q3 2025 were 230 million yuan, an increase of 2.01 million yuan year-on-year, with an expense ratio of 13.19%, down 1.07 percentage points from the same period last year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 11,000, a decrease of 132 from the end of the previous half-year, representing a decline of 1.19% [2] - The average market value per shareholder decreased from 329,900 yuan at the end of the previous half-year to 321,600 yuan, a decline of 2.51% [2] Company Overview - The company, founded on May 16, 2008, and listed on January 22, 2021, is located in Dongguan, Guangdong Province, and specializes in the research, production, and sales of relays and current transformers [3] - The main business revenue composition includes relays (83.27%), other (supplementary) (8.84%), and current transformers (7.88%) [3] - The company belongs to the electric equipment industry, specifically in power grid equipment and distribution equipment [3]