JONES TECH PLC(SZ:300684) Xin Lang Cai Jing·2025-10-30 14:43Core Viewpoint - Zhongshi Technology is a leading provider of thermal management solutions in China, focusing on thermal materials, EMI shielding materials, and power filters, with a strong technical capability and market presence [1] Group 1: Business Performance - In Q3 2025, Zhongshi Technology reported revenue of 1.298 billion yuan, ranking 15th in the industry, below the top competitors [2] - The main business segment, thermal materials, generated revenue of 717 million yuan, accounting for 98.05% of total revenue [2] - The net profit for the same period was 252 million yuan, ranking 8th in the industry, significantly higher than the industry average [2] Group 2: Financial Ratios - The company's debt-to-asset ratio was 20.30% in Q3 2025, lower than the industry average of 28.64% [3] - The gross profit margin was 33.92%, exceeding both the previous year's margin and the industry average [3] Group 3: Executive Compensation - Chairman Wu Xiaoning's salary for 2024 was 1.113 million yuan, a decrease from the previous year [4] - General Manager Wu Han's salary increased significantly to 1.4924 million yuan in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 28.67% to 42,000 [5] - The average number of shares held per shareholder decreased by 21.88% [5] Group 5: Market Outlook - Zhongshi Technology is expected to benefit from the upgrade of thermal solutions for major clients, particularly in North America [5] - The company is projected to achieve net profits of 298 million, 419 million, and 550 million yuan from 2025 to 2027, with a target price of 56.00 yuan [5] - Analysts predict steady growth in net profits and earnings per share for the years 2025 to 2027 [6]