XINGHUA CHEMISTRY(SZ:002109) Xin Lang Cai Jing·2025-10-30 14:23Core Viewpoint - Xinghua Co., Ltd. is a leading chemical product manufacturer in China, focusing on the production of synthetic ammonia, methanol, and other chemical products, with a full industry chain production advantage [1] Group 1: Business Performance - For Q3 2025, Xinghua Co., Ltd. reported revenue of 2.443 billion yuan, ranking 5th in the industry out of 16 companies, with the industry leader, Satellite Chemical, generating 34.771 billion yuan [2] - The main business composition includes ethanol at 749 million yuan (44.52% of revenue) and liquid ammonia at 272 million yuan (16.18% of revenue) [2] - The net profit for the same period was -658 million yuan, placing the company last in the industry ranking [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 54.65%, higher than the industry average of 46.56% [3] - The gross profit margin was -13.68%, significantly lower than the industry average of 11.02% [3] Group 3: Leadership - The controlling shareholder is Shaanxi Yanchang Petroleum (Group) Co., Ltd., with actual control by the Shaanxi Provincial Government's State-owned Assets Supervision and Administration Commission [4] - Chairman Han Lei has a rich background with experience in various positions, including roles at Yanan Refinery [4] - General Manager Xue Hongwei has a master's degree in business administration and has held multiple positions within Xinghua Group [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 22.25% to 30,700 [5] - The average number of circulating A-shares held per shareholder increased by 28.62% to 41,500 [5]