Core Viewpoint - 博盈特焊 is a leading domestic company in the field of anti-corrosion and wear-resistant welding technology, having established a strong technical barrier in this sector. The company was listed on the Shenzhen Stock Exchange on July 24, 2023, and is involved in the research, production, and sales of various welding equipment and components [1]. Group 1: Business Performance - In Q3 2025, 博盈特焊 reported revenue of 372 million yuan, ranking 43rd among 51 companies in the industry. The top company, 巨星科技, achieved revenue of 11.156 billion yuan, while the industry average was 1.351 billion yuan [2]. - The main business segment, anti-corrosion and wear-resistant welding products, generated revenue of 188 million yuan, accounting for 71.57% of total revenue. Other business segments contributed 74.87 million yuan, or 28.43% [2]. - The net profit for the same period was 41.615 million yuan, ranking 32nd in the industry. The industry leader, 巨星科技, reported a net profit of 2.211 billion yuan, with the industry average at 141 million yuan [2]. Group 2: Financial Ratios - 博盈特焊's debt-to-asset ratio stood at 11.23% in Q3 2025, up from 7.96% in the previous year, significantly lower than the industry average of 38.24% [3]. - The gross profit margin for the same period was 25.87%, down from 30.55% year-on-year, and slightly below the industry average of 26.36% [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 11.47% to 17,000, while the average number of circulating A-shares held per shareholder increased by 12.96% to 4,520.74 [5]. - 国泰海通证券 has given 博盈特焊 an "accumulate" rating with a target price of 47.95 yuan, projecting EPS of 0.60, 1.37, and 2.27 yuan for 2025 to 2027 [5]. Group 4: Leadership Compensation - The chairman and general manager, 李海生, received a salary of 1.1709 million yuan in 2024, a decrease of 38,800 yuan from 2023 [4].
博盈特焊的前世今生：2025年三季度营收3.72亿行业排43，净利润4161.54万排32