BLEST(SH:603959) Xin Lang Cai Jing·2025-10-30 14:18Core Viewpoint - Baili Technology is a leading provider of smart factory solutions in the energy sector, facing challenges in revenue and profitability compared to industry peers [1][2]. Group 1: Company Overview - Baili Technology was established on November 11, 1992, and listed on the Shanghai Stock Exchange on May 17, 2016, with its registered office in Yueyang, Hunan Province [1]. - The company specializes in providing comprehensive solutions for smart factories in both new energy and traditional energy sectors, including engineering consulting, proprietary equipment manufacturing, smart production line integration, and EPC contracting services [1]. Group 2: Financial Performance - For Q3 2025, Baili Technology reported revenue of 616 million yuan, ranking 6th among 7 companies in the industry, significantly lower than the top company, China Chemical, which reported 135.845 billion yuan [2]. - The company's net profit for the same period was -119 million yuan, placing it 7th in the industry, with the leading company, China Chemical, achieving a net profit of 4.634 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Baili Technology's debt-to-asset ratio was 98.16%, an increase from 87.32% year-on-year, significantly higher than the industry average of 50.95% [3]. - The gross profit margin for the same period was 17.23%, which, while an improvement from 7.01% year-on-year, remains below the industry average of 20.49% [3]. Group 4: Leadership - The chairman of Baili Technology, Lei Limeng, has a rich background, holding a master's degree and currently pursuing a doctoral degree, with previous experience in various companies [4]. Group 5: Shareholder Information - As of July 31, 2025, the number of A-share shareholders increased by 15.36% to 20,800, while the average number of shares held per shareholder decreased by 13.31% to 23,500 shares [5].