万胜智能的前世今生：2025年Q3营收9.68亿排行业第5，净利润1.64亿排第7

Core Viewpoint - Wan Sheng Intelligent is a leading supplier of smart meters and electricity information collection systems in China, with strong R&D capabilities and product quality advantages [1] Group 1: Business Performance - In Q3 2025, Wan Sheng Intelligent reported revenue of 968 million yuan, ranking 5th in the industry out of 14 companies, with the top company, Kelu Electronics, generating 3.586 billion yuan [2] - The main business segments include smart metering, contributing 472 million yuan (83.20%), while other segments accounted for 65.83 million yuan (11.61%) and smart distribution network contributed 29.40 million yuan (5.19%) [2] - The net profit for the same period was 164 million yuan, ranking 7th in the industry, with the leading company, Haixing Electric, reporting 730 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio for Wan Sheng Intelligent was 36.34%, higher than the previous year's 25.39% and above the industry average of 30.70% [3] - The gross profit margin was reported at 34.23%, slightly up from 33.70% year-on-year but below the industry average of 34.67% [3] Group 3: Executive Compensation - The chairman, Wu Yongqiang, received a salary of 1.3819 million yuan in 2024, a decrease of 192,500 yuan from 2023 [4] - The general manager, Jiang Jiabao, had a salary of 873,500 yuan in 2024, down by 27,800 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 27.51% to 20,300 [5] - The average number of circulating A-shares held per shareholder decreased by 21.57% to 13,100 [5]