IReader Technology(SH:603533) Xin Lang Cai Jing·2025-10-30 12:44Core Viewpoint - Zhangyue Technology is a leading internet digital reading platform in China, established in 2008 and listed on the Shanghai Stock Exchange in 2017, with a strong market competitiveness due to its vast digital content resources and advanced technology [1] Group 1: Business Performance - In Q3 2025, Zhangyue Technology reported a revenue of 2.462 billion yuan, ranking first in the industry, with the main business segments being digital reading platform services at 1.647 billion yuan (63.75%), derivative businesses at 776 million yuan (30.02%), and copyright products at 158 million yuan (6.12%) [2] - The net profit for the same period was -208 million yuan, also ranking first in the industry [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Zhangyue Technology was 20.60%, slightly down from 21.16% in the previous year, indicating a normal level of solvency in line with industry averages [3] - The gross profit margin for Q3 2025 was 68.99%, down from 71.96% year-on-year, but still in line with industry averages [3] Group 3: Executive Compensation - The chairman, Cheng Xiangjun, received a salary of 439,300 yuan in 2024, an increase of 2,600 yuan from 2023 [4] - The general manager, Sun Kai, received a salary of 3,539,300 yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 10.44% to 56,500, while the average number of circulating A-shares held per account increased by 11.66% to 7,771.94 [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked sixth with 11.2868 million shares, an increase of 2.1304 million shares from the previous period [5]