SHENGDA FORESTRY(SZ:002259) Xin Lang Cai Jing·2025-10-30 10:45Core Insights - The company reported a significant increase in revenue and net profit for the first three quarters of 2025, with revenue reaching 717 million yuan, a year-on-year growth of 40.65%, and net profit attributable to shareholders amounting to 19.59 million yuan, up 196.44% [1][2] Financial Performance - Basic earnings per share for the reporting period were 0.03 yuan, with a weighted average return on equity of 7.45% [2] - The company's gross margin for the first three quarters was 11.99%, a decrease of 7.72 percentage points year-on-year, while the net margin improved to 2.51%, an increase of 6.72 percentage points compared to the same period last year [2] - In Q3 2025, the gross margin was 11.69%, down 8.13% year-on-year but up 1.46% quarter-on-quarter; the net margin was 2.01%, down 7.14% year-on-year but up 1.10% from the previous quarter [2] Cost Management - Total operating expenses for the period were 35.62 million yuan, a decrease of 5.54 million yuan year-on-year, with an expense ratio of 4.97%, down 3.11 percentage points from the previous year [2] - Breakdown of expenses showed a year-on-year reduction in sales expenses by 9.85%, management expenses by 3.37%, and financial expenses by 37.42% [2] Shareholder Dynamics - As of the end of Q3 2025, the total number of shareholders was 20,800, an increase of 3,102 or 17.53% from the end of the previous half-year; however, the average market value per shareholder decreased from 179,400 yuan to 147,600 yuan, a decline of 17.73% [2] Company Overview - Sichuan Shengda Forestry Industry Co., Ltd. is located in Chengdu, Sichuan Province, and was established on March 9, 1995, with its listing date on July 16, 2008 [3] - The company's main business involves liquefied natural gas (LNG) processing, with revenue composition being 87.52% from LNG and gas sales, 12.35% from LNG processing fees, and 0.13% from other sources [3] - The company is classified under the public utilities sector, specifically in gas-related industries, and is associated with concepts such as clean energy and low-cost resources [3]