HL CORP(SZ:002105) Xin Lang Zheng Quan·2025-10-28 11:59Core Insights - The company, Xinlong Health, is a significant manufacturer of bicycle parts and sports equipment, established in 1991 and listed on the Shenzhen Stock Exchange in 2007 [1] Financial Performance - For Q3 2025, Xinlong Health reported revenue of 864 million yuan, ranking 6th among 8 companies in the industry, significantly lower than the top competitor Aima Technology at 21.093 billion yuan and second-place Ninebot at 18.39 billion yuan [2] - The revenue breakdown shows that bicycle parts generated 391 million yuan (67.29%), sports fitness products contributed 90.83 million yuan (15.62%), rehabilitation equipment accounted for 87.09 million yuan (14.97%), and other products made up 12.30 million yuan (2.12%) [2] - The net profit for the same period was -32.38 million yuan, placing the company 8th in the industry, with the leading company Aima Technology reporting a net profit of 1.946 billion yuan [2] Financial Ratios - As of Q3 2025, Xinlong Health's debt-to-asset ratio was 43.36%, lower than the previous year's 44.26% and below the industry average of 48.34%, indicating relatively low debt pressure [3] - The gross profit margin for the period was 12.13%, down from 16.05% year-on-year and below the industry average of 17.98%, suggesting a need for improvement in profitability [3] Executive Compensation - The chairman, Liao Xuejin, received a salary of 1.3003 million yuan in 2024, a decrease of 81,000 yuan from 2023, while the general manager, Liao Xuhua, saw an increase in salary to 1.7324 million yuan, up by 101,800 yuan from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 24.58% to 34,600, while the average number of circulating A-shares held per shareholder increased by 32.59% to 10,500 [5]