INVENGO(SZ:002161) Xin Lang Zheng Quan·2025-10-30 13:45Core Viewpoint - Yuanwanggu is a leading global provider of RFID and IoT technology solutions, with a focus on developing and producing UHF RFID systems and products, holding multiple intellectual property rights and patents [1] Financial Performance - In Q3 2025, Yuanwanggu reported revenue of 418 million yuan, ranking 28th out of 33 in the industry, significantly lower than the top competitor China Electronics Port at 50.598 billion yuan and second-place Xiangnong Chip at 26.4 billion yuan, as well as below the industry average of 484.6 million yuan and median of 205.8 million yuan [2] - The main business composition includes IoT solutions at 232 million yuan (82.51%), IoT application products at 32.97 million yuan (11.72%), and other supplementary products at 16.23 million yuan (5.77%) [2] - Net profit for the same period was 144 million yuan, ranking 13th in the industry, lower than the top competitor沃尔核材 at 883 million yuan and second-place 深圳华强 at 426 million yuan, but higher than the industry average of 139 million yuan and median of 82.195 million yuan [2] Financial Ratios - As of Q3 2025, Yuanwanggu's debt-to-asset ratio was 40.18%, down from 44.03% year-on-year and below the industry average of 44.96% [3] - The gross profit margin for Q3 2025 was 40.61%, slightly down from 41.24% year-on-year but still above the industry average of 21.49% [3] Executive Compensation - The chairman, Xu Chaoyang, received a salary of 883,000 yuan in 2024, an increase of 166,100 yuan from 2023 [4] - The president, Sun Yingjun, will start receiving a salary of 31,500 yuan in November 2024 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.85% to 72,100, while the average number of circulating A-shares held per household increased by 2.93% to 9,780.76 [5] - The company anticipates a net profit of 60 million to 85 million yuan for the first half of 2025, representing a year-on-year growth of 35.06% to 91.34% [5]