HJHS(SH:603616) Xin Lang Cai Jing·2025-10-30 12:39Core Viewpoint - Han Jian He Shan is a leading manufacturer of concrete pipes in China, specializing in PCCP and RCP, with significant technological advantages in its field [1] Group 1: Business Performance - In Q3 2025, Han Jian He Shan reported revenue of 548 million yuan, ranking 6th in the industry, significantly lower than the top competitor, Xibu Construction, which had revenue of 13.881 billion yuan [2] - The main business revenue composition includes PCCP and RCP, generating 249 million yuan, accounting for 80.18% of total revenue [2] - The net profit for the same period was 9.7518 million yuan, ranking 3rd in the industry, with the industry leader, Longquan Co., reporting a net profit of 126 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 85.30%, higher than the industry average of 66.98% [3] - The gross profit margin for Q3 2025 was 18.94%, which is above the industry average of 17.41% [3] Group 3: Executive Compensation - The chairman and president, Tian Yubo, received a salary of 853,000 yuan in 2024, an increase of 223,000 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.65% to 39,400 [5] - The average number of circulating A-shares held per shareholder increased by 14.05% to 9,757.34 [5]