DEVOTION(SZ:300335) Xin Lang Cai Jing·2025-10-30 14:10Core Viewpoint - Disen Co., Ltd. is a leading enterprise in the biomass energy heating sector in China, showcasing significant investment value due to its full industry chain advantages [1] Group 1: Business Performance - In Q3 2025, Disen Co., Ltd. reported revenue of 788 million yuan, ranking 10th in the industry out of 18 companies, with the industry leader, Xiexin Energy, generating 7.935 billion yuan [2] - The company's net profit for the same period was 95.52 million yuan, also ranking 10th in the industry, with the top performer achieving 893 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Disen Co., Ltd. had a debt-to-asset ratio of 29.19%, which is lower than the industry average of 43.74% [3] - The gross profit margin for the company was 31.67%, higher than the industry average of 22.05% [3] Group 3: Executive Compensation - The chairman and general manager, Chang Yuanzheng, received a salary of 1.5606 million yuan in 2024, an increase of 1.07 million yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 21.48% to 26,500, with an average holding of 14,500 circulating A-shares, a decrease of 17.68% [5]