BSP(SZ:000761) Xin Lang Cai Jing·2025-10-28 10:14Core Insights - The company reported a revenue of 35.201 billion yuan for the first three quarters of 2025, a year-on-year decrease of 12.37% [1] - The net profit attributable to shareholders was -2.216 billion yuan, an increase of 30.88% year-on-year, while the net profit excluding non-recurring items was -2.294 billion yuan, up 31.10% year-on-year [1] - The basic earnings per share stood at -0.54 yuan [1] Financial Performance - The company’s gross margin for the first three quarters was -3.38%, an increase of 2.07 percentage points year-on-year; the net margin was -6.15%, up 1.70 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was -4.26%, a year-on-year increase of 7.42 percentage points, but a quarter-on-quarter decrease of 1.74 percentage points; the net margin was -7.59%, up 6.27 percentage points year-on-year, but down 2.57 percentage points from the previous quarter [2] - The company’s total expenses for the period were 906 million yuan, an increase of 35.3852 million yuan year-on-year, with an expense ratio of 2.57%, up 0.41 percentage points year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 46,600, an increase of 350 from the end of the previous half-year, representing a growth of 0.76% [2] - The average market value per shareholder decreased from 319,800 yuan at the end of the previous half-year to 306,800 yuan, a decline of 4.06% [2] Company Overview - Benxi Steel Plate Co., Ltd. is located in Benxi City, Liaoning Province, and was established on June 27, 1997, with its listing date on January 15, 1998 [3] - The company’s main business includes steel smelting, rolling processing, power generation, coal chemical industry, special steel profiles, railways, import and export trade, scientific research, and product sales, with steel plates accounting for 97.40% of its main business revenue [3] - The company belongs to the steel industry, specifically the general steel and plate sector, and is associated with concepts such as low price, state-owned enterprise reform, mid-cap, and margin trading [3]