KAISHAN GROUP(SZ:300257) Xin Lang Cai Jing·2025-10-27 12:23Core Viewpoint - Kaishan Group Co., Ltd. reported a strong performance in the first three quarters of 2025, with significant growth in revenue and net profit, indicating a positive trend in the company's financial health and operational efficiency [1][2]. Financial Performance - The company's revenue for the first three quarters reached 3.441 billion yuan, a year-on-year increase of 10.65% [1]. - The net profit attributable to shareholders was 304 million yuan, reflecting a year-on-year growth of 38.05% [1]. - The net profit after deducting non-recurring gains and losses was 298 million yuan, up 41.67% year-on-year [1]. - Basic earnings per share stood at 0.31 yuan [2]. Profitability Metrics - The gross profit margin for the first three quarters was 36.04%, an increase of 3.12 percentage points year-on-year [2]. - The net profit margin was 8.86%, up 1.76 percentage points compared to the same period last year [2]. - In Q3 2025, the gross profit margin was 36.31%, a year-on-year increase of 3.65 percentage points, but a slight decrease of 0.37 percentage points from the previous quarter [2]. - The net profit margin for Q3 was 9.42%, which is an increase of 5.41 percentage points year-on-year and up 0.48 percentage points from the previous quarter [2]. Expense Analysis - Total operating expenses for Q3 amounted to 787 million yuan, an increase of 86.87 million yuan year-on-year [2]. - The expense ratio was 22.87%, up 0.36 percentage points from the same period last year [2]. - Sales expenses increased by 1.89%, management expenses rose by 16.47%, while R&D expenses decreased by 1.91%, and financial expenses increased by 21.00% year-on-year [2]. Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 13,500, a decrease of 3,768 shareholders or 21.78% from the end of the previous half [2]. - The average market value of shares held per shareholder increased from 578,300 yuan at the end of the previous half to 1,132,800 yuan, marking a growth of 95.89% [2]. Company Overview - Kaishan Group Co., Ltd. is located in the Shanghai Free Trade Zone and was established on July 11, 2002, with its listing date on August 19, 2011 [3]. - The company specializes in the research, manufacturing, and sales of screw air compressors, screw expansion generators, and geothermal power generation equipment [3]. - The revenue composition includes 63.84% from compressor products, 22.72% from geothermal power generation, and 13.45% from other sources [3]. - The company is classified under the machinery equipment sector, specifically in general equipment [3].