DHCT(SH:600844) Xin Lang Cai Jing·2025-10-30 12:04Core Viewpoint - Jinmei Technology, established in 1994, is a significant player in the coal chemical industry, focusing on the production of coal chemical products with unique technology and industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Jinmei Technology reported revenue of 688 million yuan, ranking 7th among 8 companies in the industry. The top company, Huayi Group, achieved revenue of 35.708 billion yuan, while the industry average was 14.059 billion yuan [2] - The main business revenue composition includes ethylene glycol at 326 million yuan (68.83%) and oxalic acid at 122 million yuan (25.72%) [2] - The net profit for the same period was -111 million yuan, placing the company 8th in the industry. The leading company, Baofeng Energy, reported a net profit of 8.95 billion yuan, with the industry average at 1.328 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Jinmei Technology's debt-to-asset ratio was 79.39%, up from 61.16% year-on-year, significantly higher than the industry average of 40.35%, indicating substantial debt pressure [3] - The gross profit margin for Q3 2025 was -0.57%, an improvement from -20.75% year-on-year, but still below the industry average of 14.20%, suggesting a need for enhanced profitability [3] Group 3: Management Compensation - The chairman, Jiang Tao, received a salary of 637,000 yuan in 2024, while the general manager, Cheng Guojun, earned 700,000 yuan, an increase from 358,300 yuan in 2023 [4] Group 4: Shareholder Information - As of May 29, 2019, the number of A-share shareholders increased by 153.36% to 33,800, with an average holding of 24,300 circulating A-shares, up 1072.94% [5]