TELLUS(SZ:000025) Xin Lang Cai Jing·2025-10-30 10:19Core Viewpoint - The company, 特力A, is a state-owned enterprise in Shenzhen with a focus on jewelry services and commercial operations, showing a mixed performance in revenue and profitability compared to its industry peers [1][2]. Group 1: Business Overview - 特力A was established on November 10, 1986, and listed on the Shenzhen Stock Exchange on June 21, 1993, with its registered and office address in Shenzhen, Guangdong Province [1]. - The main business segments include jewelry services, commercial operation management, and automotive sales, testing, maintenance, and parts sales [1]. Group 2: Financial Performance - For Q3 2025, 特力A reported a revenue of 1.167 billion yuan, ranking 12th among 16 companies in the industry, significantly lower than the top company, 浙农股份, which had a revenue of 33.084 billion yuan [2]. - The revenue composition shows that jewelry wholesale and retail accounted for 707.8 million yuan, or 80.64%, while property leasing and services contributed 170 million yuan, or 19.36% [2]. - The net profit for the same period was 119 million yuan, ranking 6th in the industry, which is below the top performer, 东阳光, at 919 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, 特力A's debt-to-asset ratio was 25.57%, down from 27.15% year-on-year, and significantly lower than the industry average of 53% [3]. - The gross profit margin for Q3 2025 was 17.53%, an increase from 8.87% year-on-year, but slightly below the industry average of 18.56% [3]. Group 4: Shareholder Information - As of November 10, 2020, the number of A-share shareholders increased by 5.28% to 42,400, with an average holding of 9,264.95 shares, a decrease of 5.01% [5]. - By September 30, 2025, the top ten circulating shareholders included 南方中证房地产ETF and 黄金股ETF, with varying changes in their holdings [5].