Core Viewpoint - Tianzhen Co., Ltd. is a significant player in the global new PVC composite flooring industry, focusing on the research, production, and sales of innovative PVC composite flooring products, with advanced production technology and a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Tianzhen achieved a revenue of 1.2 billion yuan, ranking 7th among 13 companies in the industry [2] - The company's net profit for the same period was 85.24 million yuan, placing it 6th in the industry [2] - The revenue breakdown includes SPC flooring at 457 million yuan (57.42%), WPC flooring at 160 million yuan (20.05%), RPET flooring at 129 million yuan (16.26%), LVT flooring at 36.11 million yuan (4.54%), and other products at 13.76 million yuan (1.73%) [2] Group 2: Financial Ratios - As of Q3 2025, Tianzhen's debt-to-asset ratio was 8.04%, significantly lower than the industry average of 39.52%, indicating strong solvency [3] - The gross profit margin for the same period was 17.85%, which is below the industry average of 23.08% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.02% to 14,900 [5] - The average number of circulating A-shares held per shareholder increased by 3.11% to 3,690.91 [5] - Major shareholders include Huaxia Xingyang One-Year Holding Mixed Fund, which reduced its holdings by 547,400 shares [5]
天振股份的前世今生：2025年三季度营收12亿行业排第7，低于行业平均7.45亿元