LEAD INTELLIGENT(SZ:300450) Xin Lang Cai Jing·2025-10-30 14:48Core Viewpoint - XianDao Intelligent is a leading global manufacturer of lithium battery equipment, specializing in the research and development of automated complete equipment and solutions, with a full industry chain advantage [1] Group 1: Business Performance - In Q3 2025, XianDao Intelligent achieved a revenue of 10.439 billion yuan, ranking first in the industry, significantly higher than the industry average of 1.778 billion yuan and the median of 899 million yuan [2] - The net profit for the same period was 1.161 billion yuan, also ranking first in the industry, exceeding the industry average of 95.38 million yuan and the median of 25.35 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of XianDao Intelligent was 67.47%, higher than the previous year's 65.39% and the industry average of 57.48% [3] - The gross profit margin for Q3 2025 was 32.72%, lower than the previous year's 36.42% but above the industry average of 25.79% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 162.02% to 280,900, with an average holding of 5,551.69 shares, a decrease of 61.84% from the previous period [5] Group 4: Incentives and Future Outlook - The company plans to grant 9.54 million restricted stocks to 1,134 individuals, representing about 0.6% of the total share capital, with a grant price of 32.77 yuan per share, focusing on solid-state battery R&D personnel [6] - The revenue target for 2025 is set at 22-23 billion yuan, with the first half of the year achieving over 12 billion yuan in orders, doubling year-on-year [6] - XianDao Intelligent is the only manufacturer globally capable of delivering a complete line for solid-state batteries, having entered multiple supply chains and received repeat orders [6]