ShangGong Group(SH:600843) Xin Lang Cai Jing·2025-10-30 13:54Core Viewpoint - The company, Shangong Shenbei, is a significant player in the domestic sewing equipment sector, focusing on the research, production, and sales of sewing and intelligent manufacturing equipment, with a strong technical and full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Shangong Shenbei reported a revenue of 3.32 billion yuan, ranking second among 12 companies in the industry, while the industry leader, Jack Technology, achieved a revenue of 4.967 billion yuan, with the industry average at 1.675 billion yuan [2] - The main business composition includes industrial sewing machines generating 650 million yuan, accounting for 45.39%, and automotive interior parts and molds contributing 459 million yuan, representing 32.01% [2] - The net profit for the same period was 13.7255 million yuan, placing the company eighth in the industry, with Jack Technology leading at 696 million yuan and the industry average at 96.4975 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Shangong Shenbei's debt-to-asset ratio was 51.40%, an increase from 47.32% in the previous year and above the industry average of 37.71% [3] - The gross profit margin for the period was 15.57%, down from 18.37% year-on-year and lower than the industry average of 22.26% [3] Group 3: Executive Compensation - The chairman and president, Zhang Min, saw his compensation decrease from 1.3415 million yuan in 2023 to 757,600 yuan in 2024, a reduction of 583,900 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 4.23% to 86,900, while the average number of circulating A-shares held per account increased by 4.42% to 5,402.37 [5] - BOCI Securities Limited exited the list of the top ten circulating shareholders [5]