中公高科的前世今生：营收1500万低于行业平均，毛利率55.45%高于同类27.5个百分点

Core Viewpoint - Zhonggong Gaoke is a leading provider of highway maintenance technology services in China, with a comprehensive service capability across the entire industry chain [1] Group 1: Business Overview - Zhonggong Gaoke was established on September 29, 2007, and listed on the Shanghai Stock Exchange on August 2, 2017, with its registered and office address in Beijing [1] - The main business includes highway maintenance decision consulting services, production and sales of road condition rapid detection equipment, and development and sales of highway maintenance information systems [1] Group 2: Financial Performance - For Q3 2025, Zhonggong Gaoke reported operating revenue of 88.72 million yuan, ranking 43rd out of 46 in the industry, significantly lower than the industry leader Taiji Industrial's 22.593 billion yuan and second-ranked China Communications Design's 6.116 billion yuan [2] - The revenue composition includes 32.76 million yuan from highway maintenance decision consulting, accounting for 56.22%, and 20.61 million yuan from road condition rapid detection system development and integration, accounting for 35.36% [2] - The net profit for the same period was 3.55 million yuan, ranking 33rd out of 46, with a substantial gap compared to the first-ranked China Communications Design's 768 million yuan and second-ranked Taiji Industrial's 538 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, Zhonggong Gaoke's debt-to-asset ratio was 12.62%, up from 11.40% the previous year, significantly lower than the industry average of 42.53%, indicating strong solvency [3] - The gross profit margin for Q3 2025 was 55.45%, slightly up from 55.33% year-on-year, which is higher than the industry average of 27.95%, reflecting strong profitability [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.02% to 7,930, while the average number of circulating A-shares held per account increased by 5.28% to 8,408.58 [5] - Among the top ten circulating shareholders, Noan Multi-Strategy Mixed A (320016) ranked sixth with 403,900 shares, an increase of 70,100 shares compared to the previous period [5]