HSPC(SH:603353) Xin Lang Cai Jing·2025-10-30 12:48Core Viewpoint - Heshun Petroleum, established in 2005 and listed in 2020, is a leading private oil enterprise in Hunan, focusing on a complete industrial chain in the refined oil circulation sector [1] Group 1: Business Performance - In Q3 2025, Heshun Petroleum reported revenue of 2.126 billion, ranking 3rd in the industry, with the top competitor, Guanghui Energy, generating 22.53 billion [2] - The revenue composition includes gasoline at 1.135 billion (77.91%), diesel at 303 million (20.77%), and other products at 19.23 million (1.32%) [2] - The net profit for the same period was 21.69 million, placing it 6th in the industry, with Guanghui Energy leading at 902 million [2] Group 2: Financial Ratios - As of Q3 2025, Heshun Petroleum's debt-to-asset ratio was 15.27%, down from 20.49% year-on-year, which is lower than the industry average of 26.93%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 7.64%, a decrease from 9.58% year-on-year, and below the industry average of 17.95%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Zhao Zhong, received a salary of 625,800 in 2024, an increase of 37,100 from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 35.81% to 11,200, while the average number of shares held per shareholder increased by 55.78% to 15,200 [5]