ZHONG CHAO HOLDING(SZ:002471) Xin Lang Cai Jing·2025-10-30 12:37Core Viewpoint - Zhongchao Holdings, a significant player in the domestic wire and cable industry, is facing challenges in revenue and profitability despite its full industry chain advantages [1][2]. Group 1: Company Overview - Zhongchao Holdings was established on August 5, 1996, and listed on the Shenzhen Stock Exchange on September 10, 2010, with its registered and office address in Yixing, Jiangsu Province [1]. - The company specializes in the research, production, sales, and service of wire and cable, categorized under the power equipment industry [1]. Group 2: Financial Performance - For Q3 2025, Zhongchao Holdings reported revenue of 3.846 billion yuan, ranking 15th out of 40 in the industry, which is below the industry leader Baosheng's 37.65 billion yuan and the average of 5.823 billion yuan [2]. - The main business segment, power cables, generated 2.205 billion yuan, accounting for 84.45% of total revenue [2]. - The net profit for the same period was -26.9776 million yuan, placing the company 37th in the industry, significantly lower than the top performers [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 66.72%, down from 70.33% year-on-year but still above the industry average of 54.36%, indicating higher debt pressure [3]. - The gross profit margin was 10.18%, slightly down from 10.25% year-on-year and below the industry average of 13.49%, suggesting a need for improvement in profitability [3]. Group 4: Executive Compensation - The chairman, Li Bianfen, received a salary of 328,600 yuan in 2024, an increase of 110,000 yuan from 2023 [4]. - The general manager, Liu Guangzhong, earned 312,500 yuan in 2024, up by 20,100 yuan from the previous year [4]. Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 2.43% to 166,400, while the average number of circulating A-shares held per account decreased by 2.37% to 7,843 [5].