Jiangsu Jingyuan Environmental Protection (SH:688096) Xin Lang Cai Jing·2025-10-30 12:44Core Viewpoint - 京源环保 is a domestic enterprise in the environmental water treatment sector, focusing on the research and development of environmental water treatment technologies, equipment, and systems, with strong technical capabilities [1] Group 1: Business Performance - In Q3 2025, 京源环保 reported revenue of 323 million yuan, ranking 37th among 51 companies in the industry, significantly lower than the top performer, 首创环保, which had 13.453 billion yuan [2] - The revenue composition includes 135 million yuan from industrial wastewater treatment (64.30%), 60.6 million yuan from other businesses (28.85%), and 14.38 million yuan from water supply treatment (6.85%) [2] - The net profit for the same period was -2.06 million yuan, placing it 43rd in the industry, far behind 首创环保's 1.908 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, 京源环保's debt-to-asset ratio was 52.07%, down from 58.43% year-on-year but still above the industry average of 49.82%, indicating relatively high debt pressure [3] - The gross profit margin was 25.96%, a decrease from 31.91% year-on-year and below the industry average of 32.13%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - The chairman, 李武林, received a salary of 624,800 yuan in 2024, an increase of 63,800 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 61.79% to 6,732, while the average number of circulating A-shares held per account decreased by 12.06% to 35,100 [5]