xldz(SZ:002546) Xin Lang Cai Jing·2025-10-29 12:09Core Insights - The company, Xinlian Electronics, is a significant player in the domestic electric information collection system sector, focusing on software and hardware development, production, sales, and services related to electric information collection systems, as well as smart electric cloud services [1] Group 1: Business Performance - In Q3 2025, Xinlian Electronics reported a revenue of 550 million yuan, ranking 9th among 14 companies in the industry, with the industry leader, Kelun Electronics, generating 3.586 billion yuan [2] - The main business composition includes 304 million yuan from collectors and terminals (80.56%), 55.445 million yuan from power cabinets (14.71%), 10.415 million yuan from others (2.76%), and 7.415 million yuan from energy cloud services (1.97%) [2] - The net profit for the same period was 536 million yuan, ranking 3rd in the industry, with the top performer, Haixing Electric, achieving 730 million yuan [2] Group 2: Financial Health - As of Q3 2025, Xinlian Electronics had a debt-to-asset ratio of 8.21%, down from 10.63% year-on-year, significantly lower than the industry average of 30.70%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 37.17%, an increase from 36.00% year-on-year, and above the industry average of 34.67%, reflecting robust profitability [3] Group 3: Management and Shareholder Information - The chairman, Hu Min, received a salary of 657,800 yuan in 2024, unchanged from 2023, while the general manager, Liu Wenjuan, earned 419,100 yuan, an increase of 43,800 yuan from the previous year [4] - As of September 30, 2025, the number of A-share shareholders decreased by 0.85% to 45,100, while the average number of circulating A-shares held per account increased by 0.85% to 17,800 [5]