Qianjing Landscape(SH:603778) Xin Lang Cai Jing·2025-10-30 14:43Core Viewpoint - Guosheng Technology, established in November 2021 and listed on the Shanghai Stock Exchange in December 2015, operates in the photovoltaic industry with a full industry chain business model, holding certain technological and model advantages in the sector [1] Group 1: Business Performance - As of Q3 2025, Guosheng Technology reported revenue of 450 million yuan, ranking 7th out of 22 in the industry, below the top competitor Palm Holdings at 1.945 billion yuan and second-place Mongcao Ecology at 1.63 billion yuan, but above the industry median of 313 million yuan [2] - The company's net profit for the same period was -214 million yuan, ranking 20th out of 22, significantly lower than the industry leader Hui Lv Ecology's 97.496 million yuan and second-place Mongcao Ecology's 83.714 million yuan, and also below the industry average of -108 million yuan [2] Group 2: Financial Ratios - Guosheng Technology's debt-to-asset ratio as of Q3 2025 was 70.52%, an increase from 64.20% year-on-year, and higher than the industry average of 65.35% [3] - The company's gross profit margin for Q3 2025 was -13.69%, a decline from -3.11% in the previous year, and significantly lower than the industry average of 11.95% [3] Group 3: Executive Compensation - The chairman, Wu Jun, received a salary of 1.3963 million yuan in 2024, an increase of 892,900 yuan from 503,400 yuan in 2023 [4] - The general manager, Gao Fei, had a salary of 1.4203 million yuan in 2024, up by 960,400 yuan from 459,900 yuan in 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 32.71% to 39,700, while the average number of circulating A-shares held per account decreased by 24.65% to 16,200 [5]