Topscore Fashion(SH:603608) Xin Lang Cai Jing·2025-10-30 13:00Core Viewpoint - Tianchuang Fashion is a leading company in the domestic fashion footwear industry, focusing on product research and design innovation, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Tianchuang Fashion reported revenue of 744 million yuan, ranking 8th in the industry, with the top company, Kairun Co., achieving 3.719 billion yuan [2] - The main business revenue from shoes, bags, and others was 518 million yuan, accounting for 98.29% of total revenue, while other revenue was 902,950 yuan, making up 1.71% [2] - The net profit for the same period was -5.1068 million yuan, ranking 6th in the industry, with the industry average net profit being 21.641 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Tianchuang Fashion's debt-to-asset ratio was 28.60%, down from 33.74% year-on-year and below the industry average of 46.89% [3] - The gross profit margin for Q3 2025 was 66.48%, an increase from 63.16% year-on-year and higher than the industry average of 32.77% [3] Group 3: Executive Compensation - The chairman, Li Lin, received a salary of 756,600 yuan in 2024, an increase of 51,600 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 12.99% to 12,900, while the average number of circulating A-shares held per shareholder decreased by 11.49% to 32,600 [5]