Shenzhen Prince New Materials (SZ:002735) Xin Lang Cai Jing·2025-10-29 15:38Core Viewpoint - Wangzi New Materials is a leading domestic supplier of plastic packaging materials, established in 1997 and listed on the Shenzhen Stock Exchange in 2014, with a comprehensive industry chain advantage and products widely used across various sectors [1] Financial Performance - In Q3 2025, Wangzi New Materials reported revenue of 1.566 billion yuan, ranking third among eight companies in the industry, with the industry leader, Zijiang Enterprise, generating 7.822 billion yuan [2] - The company's net profit for the same period was 22.177 million yuan, placing it fourth in the industry, while Zijiang Enterprise's net profit was 1 billion yuan [2] Financial Ratios - As of Q3 2025, Wangzi New Materials had a debt-to-asset ratio of 42.52%, higher than the previous year's 33.83% and above the industry average of 42.37% [3] - The gross profit margin for the same period was 15.34%, down from 17.12% year-on-year and below the industry average of 19.88% [3] Executive Compensation - The chairman and president, Wang Jinjun, received a salary of 628,600 yuan in 2024, unchanged from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.64% to 64,300, while the average number of circulating A-shares held per shareholder increased by 5.98% to 4,364.38 [5] - Notable new shareholders include Xin'ao Cycle Power Mixed A, with 1.5202 million shares, and Zhaoshang Anben Growth Bond C, with 1.4268 million shares [5] Business Highlights - In H1 2025, the company achieved revenue of 999 million yuan, a year-on-year increase of 18.45%, and a net profit of 15.7004 million yuan, up 33.59% [5] - Key business improvements include growth in traditional plastic packaging and rapid revenue increase from film capacitors, with ongoing investment in the Ningbo new film capacitor expansion project at 55.41% completion [5]