Core Viewpoint - Xueqi Electric, a leading manufacturer of large refrigerators, is set to be listed on the Shenzhen Stock Exchange in January 2024, focusing on high-end products for domestic and international brands [1] Group 1: Company Overview - Xueqi Electric was established on June 27, 2011, and is headquartered in Hefei, Anhui Province [1] - The company specializes in the research, production, and sales of refrigerators and commercial display cabinets, primarily offering products with a capacity of over 400L [1] - It operates within the household appliances sector, specifically in the white goods category, focusing on refrigeration [1] Group 2: Financial Performance - For Q3 2025, Xueqi Electric reported a revenue of 1.412 billion yuan, ranking 7th in the industry [2] - The company's main revenue source is refrigerators, contributing 756 million yuan, which accounts for 84.37% of total revenue [2] - The net profit for the same period was 47.19 million yuan, placing it 5th in the industry [2] Group 3: Financial Ratios - As of Q3 2025, Xueqi Electric's debt-to-asset ratio was 46.72%, lower than the industry average of 65.32% [3] - The gross profit margin for the same period was 11.85%, which is below the industry average of 15.61% [3] Group 4: Executive Compensation - The chairman, Gu Weixin, received a salary of 1.3113 million yuan in 2024, a decrease of 242,500 yuan from the previous year [4] - The general manager, Wang Lixue, earned 459,400 yuan in 2024, down 64,900 yuan from 2023 [4] Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.04% to 14,200 [5] - The average number of circulating A-shares held per shareholder decreased by 5.69% to 8,016.21 [5] - Notably, the new major shareholder is Nu'an Multi-Strategy Mixed A, holding 1.1264 million shares [5] Group 6: Future Outlook - Xueqi Electric is projected to achieve a revenue of 1.95 billion yuan in 2024, a decrease of 17.51% year-on-year, with a net profit of 100 million yuan, down 27.7% [5] - The company expects rapid growth in overseas markets, with overseas revenue anticipated to reach 730 million yuan in 2024, a year-on-year increase of 25.9% [5] - Earnings per share (EPS) forecasts for 2025-2027 are 0.61 yuan, 0.69 yuan, and 0.77 yuan, respectively [5]
雪祺电气的前世今生：营收14.12亿行业垫底，净利润4719.1万排名第五