Shanghai Ganglian(SZ:300226) Xin Lang Cai Jing·2025-10-27 12:23Core Insights - Shanghai Steel Union reported a revenue of 57.318 billion yuan for the first three quarters of 2025, a year-on-year decrease of 10.65% [1] - The company's net profit attributable to shareholders was 168 million yuan, an increase of 31.78% year-on-year [1] - Basic earnings per share stood at 0.53 yuan [2] Financial Performance - The gross profit margin for the first three quarters was 1.23%, down 0.16 percentage points year-on-year; the net profit margin was 0.52%, up 0.17 percentage points year-on-year [2] - In Q3 2025, the gross profit margin was 1.09%, a decrease of 0.39 percentage points year-on-year and 0.09 percentage points quarter-on-quarter; the net profit margin was 0.38%, down 0.02 percentage points year-on-year and 0.21 percentage points quarter-on-quarter [2] - The company’s total expenses for the period were 478 million yuan, a decrease of 38.7641 million yuan year-on-year; the expense ratio was 0.83%, up 0.03 percentage points year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 37,200, an increase of 1,255 or 3.49% from the end of the previous half [2] - The average market value of shares held per shareholder increased from 202,500 yuan to 223,700 yuan, a growth of 10.46% [2] Business Overview - Shanghai Steel Union, established on April 30, 2000, and listed on June 8, 2011, primarily engages in B2B e-commerce services related to steel, energy, mining, and non-ferrous metals [3] - The revenue composition includes 97.29% from supply chain services, 1.56% from consignment services, and smaller percentages from data subscription, business promotion, training services, and consulting [3] - The company is categorized under the software development industry, specifically in vertical application software, and is associated with sectors like fintech, e-commerce, and data elements [3]