Core Insights - Saiwei Times, established on May 31, 2012, went public on July 12, 2023, on the Shenzhen Stock Exchange, positioning itself as a technology-driven leader in cross-border e-commerce with a focus on a multi-brand matrix and digital operations [1] Group 1: Business Performance - In Q3 2025, Saiwei Times reported revenue of 8.188 billion, ranking first in the industry, significantly above the industry average of 3.964 billion and the median of 4.018 billion, and far exceeding the second-ranked Huakai Yibai's revenue of 6.74 billion [2] - The main business composition includes cross-border e-commerce at 4.935 billion, accounting for 92.32%, logistics services at 349 million, accounting for 6.53%, and other services at 61.755 million, accounting for 1.16% [2] - The net profit for the same period was 210 million, ranking third in the industry, above the industry average of 135 million and the median of 45.0054 million, but below the first-ranked Focus Technology's 414 million and second-ranked Jihong's 259 million [2] Group 2: Financial Health - As of Q3 2025, Saiwei Times had a debt-to-asset ratio of 44.85%, lower than the previous year's 51.50% and below the industry average of 47.80%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 43.56%, slightly down from 44.93% in the previous year but still above the industry average of 38.17%, reflecting robust profitability [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.28% to 15,200, while the average number of circulating A-shares held per shareholder increased by 18.03% to 12,900 [5] - New major shareholders include China Europe Economic Growth Mixed Fund A and Hong Kong Central Clearing Limited, holding 2.679 million and 1.6313 million shares, respectively [5] Group 4: Executive Compensation - The chairman, Chen Wenping, received a salary of 5.3643 million in 2025, an increase of 744,100 compared to the previous year [4]
赛维时代的前世今生：2025年Q3营收行业第一，净利润第三，毛利率高于行业平均5.39个百分点