CXJG(SZ:002547) Xin Lang Cai Jing·2025-10-30 13:39Core Viewpoint - Spring High Precision Engineering Co., Ltd. is a significant player in the domestic communication and automotive components sectors, with strong technical capabilities in precision aluminum alloy structural parts [1] Business Overview - The company was established on September 25, 2001, and listed on the Shenzhen Stock Exchange on February 18, 2011, with its registered and office address in Jiangsu Province [1] - Main business includes research, production, and sales of RF devices and precision lightweight metal structural parts in the mobile communication sector, glass covers and precision lightweight metal structural parts in consumer electronics, and precision aluminum alloy structural parts and sheet metal parts in the automotive sector [1] Financial Performance - For Q3 2025, Spring High Precision reported revenue of 1.58 billion yuan, ranking 21st in the industry, below the industry average of 2.15 billion yuan and significantly lower than the top competitors [2] - The revenue breakdown shows automotive parts at 438 million yuan (44.79%), precision aluminum alloy structural parts at 246 million yuan (25.20%), RF devices at 214 million yuan (21.87%), and other products at 79.53 million yuan (8.14%) [2] - The net profit was -214 million yuan, ranking last in the industry, far below the industry average of 129 million yuan [2] - The company's asset-liability ratio was 102.99%, significantly higher than the industry average of 40.56%, indicating substantial debt pressure [2] - The gross profit margin was 8.10%, which, while an improvement from 7.68% year-on-year, remains below the industry average of 21.56% [2] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.22% to 158,700, with an average holding of 6,961.56 circulating A-shares, an increase of 10.16% [3] - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 20.27 million shares, an increase of 16.04 million shares from the previous period [3] Executive Compensation - The chairman, Yuan Jing, received a salary of 840,600 yuan in 2024, a slight increase from the previous year [3] - The general manager, Wu Yongzhong, earned 1.35 million yuan in 2024, an increase of 213,200 yuan from 2023 [3]