Chengtou Holding(SH:600649) Xin Lang Cai Jing·2025-10-30 14:40Core Viewpoint - 城投控股 is a leading urban operator in Shanghai, with a comprehensive business model covering environment, real estate, and equity investment, showcasing a full industry chain advantage [1] Financial Performance - In Q3 2025, 城投控股 reported revenue of 9.515 billion, ranking 13th among 69 companies in the industry, while the industry leader, 保利发展, achieved revenue of 173.722 billion [2] - The company's net profit for the same period was 268 million, placing it 10th in the industry, with the top performer, 保利发展, reporting a net profit of 6.515 billion [2] Financial Ratios - 城投控股's debt-to-asset ratio stood at 74.45% in Q3 2025, higher than the industry average of 60.51% [3] - The gross profit margin was 17.14%, significantly lower than the industry average of 19.19% [3] Executive Compensation - The chairman, 张辰, received a salary of 1.0851 million in 2024, an increase of 7,300 from 2023 [4] - The president, 任志坚, earned 1.0556 million in 2024, up by 40,900 from the previous year [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 5.44% to 64,700 [5] - The average number of circulating A-shares held per shareholder increased by 4.70% to 38,700 [5] Analyst Ratings - 开源证券 maintains a "buy" rating for 城投控股, projecting net profits of 610 million, 840 million, and 990 million for 2025 to 2027 [5] - 华泰证券 also holds a "buy" rating, forecasting net profits of 569 million, 826 million, and 1.03 billion for the same period, with a target price of 6.40 [6]