Tongyuan Environment(SH:688679) Xin Lang Cai Jing·2025-10-30 12:48Core Viewpoint - Tongyuan Environment is a leading environmental remediation company in China, focusing on solid waste and water environment remediation, with multiple core technologies [1] Group 1: Business Performance - In Q3 2025, Tongyuan Environment reported revenue of 897 million yuan, ranking 26th in the industry, significantly lower than the top companies, Zhejiang Fu Holdings at 16.155 billion yuan and Feinan Resources at 10.707 billion yuan [2] - The company's net profit was -13.4131 million yuan, ranking 27th in the industry, far behind the leaders, Weiming Environmental at 2.238 billion yuan and Hanlan Environment at 1.828 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Tongyuan Environment's debt-to-asset ratio was 59.59%, slightly down from 60.41% year-on-year but still above the industry average of 50.06%, indicating relatively high debt pressure [3] - The gross profit margin for Q3 2025 was 16.88%, down from 18.06% year-on-year and below the industry average of 25.02%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - Chairman Yang Ming's salary increased from 613,100 yuan in 2023 to 738,800 yuan in 2024, a year-on-year increase of 125,700 yuan [4] - As of September 30, 2025, the number of A-share shareholders increased by 7.01% to 3,693, while the average number of circulating A-shares held per household decreased by 6.55% to 35,700 [5]