CIXING(SZ:300307) Xin Lang Cai Jing·2025-10-30 10:53Core Viewpoint - Cixing Co., Ltd. is a significant player in the global computer knitting machinery sector, focusing on R&D, production, and sales, with a strong technical foundation and full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Cixing's revenue reached 1.489 billion yuan, ranking 6th among 12 companies in the industry, with the top company, Jack Technology, generating 4.967 billion yuan [2] - The main business revenue composition includes: - Flat knitting machine business: 999.6 million yuan (90.04%) - Other: 43.837 million yuan (3.96%) - Automation equipment and project integration: 26.599 million yuan (2.40%) - Mobile internet: 21.048 million yuan (1.90%) - Material sales: 18.697 million yuan (1.69%) [2] - The net profit for the same period was 121 million yuan, ranking 3rd in the industry, with Jack Technology leading at 696 million yuan [2] Group 2: Financial Health - As of Q3 2025, Cixing's debt-to-asset ratio was 27.11%, down from 36.05% year-on-year and below the industry average of 37.71%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 31.10%, slightly lower than the previous year's 31.57%, but higher than the industry average of 22.26%, reflecting robust profitability [3] Group 3: Leadership and Shareholder Structure - The chairman and general manager, Sun Pingfan, has a salary of 1.02 million yuan for 2024, unchanged from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 7.22% to 49,700, while the average number of circulating A-shares held per shareholder increased by 7.78% to 15,700 [5]