Liantai Environmental Protection(SH:603797) Xin Lang Zheng Quan·2025-10-30 12:15Core Viewpoint - LianTai Environmental Protection, established in 2006 and listed in 2017, specializes in urban sewage treatment and has extensive experience in investment, construction, and operation management in this field [1] Group 1: Business Performance - In Q3 2025, LianTai Environmental reported revenue of 756 million yuan, ranking 26th out of 51 in the industry, with the industry leader, Chuangshui Environmental, generating 13.453 billion yuan [2] - The main business revenue composition includes sewage treatment service fees of 496 million yuan (95.87%), sludge treatment service fees of 20.86 million yuan (4.04%), and other revenues of 467,300 yuan (0.09%) [2] - The net profit for the same period was 121 million yuan, ranking 18th in the industry, with the top performer, Chuangshui Environmental, achieving a net profit of 1.908 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, LianTai Environmental's debt-to-asset ratio was 65.34%, down from 67.11% year-on-year, which is higher than the industry average of 49.82% [3] - The gross profit margin for Q3 2025 was 60.91%, slightly down from 62.46% year-on-year, but still above the industry average of 32.13% [3] Group 3: Management and Shareholder Information - The total compensation for General Manager Zhang Rong was 435,700 yuan in 2024, an increase of 125,000 yuan from 2023 [4] - The controlling shareholder is Guangdong LianTai Group Co., Ltd., with actual controllers being Huang Wanru, Huang Jianxun, and Huang Zhendai [4] Group 4: Shareholder Statistics - As of September 30, 2025, the number of A-share shareholders increased by 0.33% to 18,000, while the average number of circulating A-shares held per household decreased by 0.33% to 32,400 [5]