Hangzhou Cables(SH:603618) Xin Lang Cai Jing·2025-10-30 13:45Core Viewpoint - Hangdian Co., Ltd. is a significant player in the domestic wire and cable industry, with a focus on product research, development, and production, and has certain technological advantages in its operations [1] Group 1: Business Performance - In Q3 2025, Hangdian achieved a revenue of 6.887 billion yuan, ranking 12th among 40 companies in the industry, while the industry leader, Baosheng, reported a revenue of 37.65 billion yuan [2] - The main business composition includes cable products generating 3.443 billion yuan, accounting for 76.11% of total revenue, and wire products generating 388 million yuan, accounting for 8.58% [2] - The net profit for the same period was -215 million yuan, ranking 40th in the industry, with the top performer, Dongfang Cable, reporting a net profit of 914 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Hangdian's debt-to-asset ratio was 72.74%, an increase from 70.27% year-on-year, and higher than the industry average of 54.36% [3] - The gross profit margin for Q3 2025 was 11.83%, down from 13.14% year-on-year and below the industry average of 13.49% [3] Group 3: Executive Compensation - The chairman, Hua Jianfei, received a salary of 683,700 yuan in 2024, a decrease of 16,700 yuan from 2023 [4] - The general manager, Ni Yijian, received a salary of 556,400 yuan in 2024, an increase of 39,600 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 79.56% to 85,400, while the average number of circulating A-shares held per account decreased by 44.31% to 8,095.64 [5]