TONGYU(SZ:002792) Xin Lang Cai Jing·2025-10-30 14:48Core Insights - Tongyu Communication is a leading domestic supplier of communication antennas and RF devices, established in December 1996 and listed on the Shenzhen Stock Exchange in March 2016 [1] Group 1: Business Performance - For Q3 2025, Tongyu Communication reported revenue of 815 million yuan, ranking 24th in the industry, significantly lower than the top player ZTE's 100.52 billion yuan and the second player Zhongji Xuchuang's 25.005 billion yuan [2] - The main business composition includes base station antennas at 304 million yuan (57.09%) and microwave antennas at 119 million yuan (22.39%) [2] - The net profit for the same period was 25.2837 million yuan, also ranking 24th in the industry, far behind Zhongji Xuchuang's 7.57 billion yuan and Xinyi Sheng's 6.327 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 19.75%, down from 21.21% year-on-year, and significantly lower than the industry average of 38.12%, indicating strong debt repayment capability [3] - The gross profit margin for Q3 2025 was 22.39%, down from 25.39% year-on-year and below the industry average of 30.08%, suggesting a need for improvement in profitability [3] Group 3: Executive Compensation - Chairman Wu Zhonglin's salary decreased from 1.3495 million yuan in 2023 to 849,800 yuan in 2024, a reduction of 499,700 yuan [4] - General Manager Shi Guiqing's salary decreased slightly from 654,800 yuan in 2023 to 644,600 yuan in 2024, a reduction of 10,200 yuan [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders remained unchanged at 53,800, with an average holding of 6,201.48 circulating A-shares [5] - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited ranked fifth with 2.701 million shares, an increase of 609,600 shares from the previous period [5]