CBC(SZ:000017) Xin Lang Cai Jing·2025-10-30 15:02Core Viewpoint - Shen Zhonghua A, established in 1984 and listed in 1992, operates in multiple sectors including bicycles, lithium battery materials, and jewelry, with significant influence in these areas [1] Financial Performance - For Q3 2025, Shen Zhonghua A reported revenue of 578 million yuan, ranking 12th in the industry, significantly lower than the top competitor Lao Feng Xiang at 48 billion yuan and China Gold at 45.76 billion yuan, as well as below the industry average of 10.89 billion yuan and median of 2.675 billion yuan [2] - The main business revenue from gold jewelry was 319 million yuan, accounting for 99.70% of total revenue, while bicycle and lithium battery materials contributed only 963,900 yuan, or 0.30% [2] - The net profit for the same period was 31.35 million yuan, ranking 11th in the industry, again far behind Lao Feng Xiang's 1.838 billion yuan and Zhou Da Sheng's 880 million yuan, and below the industry average of 347 million yuan and median of 125 million yuan [2] Financial Ratios - As of Q3 2025, the asset-liability ratio was 17.68%, higher than the previous year's 12.43% but lower than the industry average of 32.06%, indicating relatively good debt repayment capability [3] - The gross profit margin was 9.69%, an increase from 6.64% year-on-year, but still below the industry average of 22.10% [3] Executive Compensation - The chairman, Wang Shenghong, received a salary of 676,700 yuan in 2024, an increase of 571,500 yuan from 2023 [4] - The president, Li Hai, earned 800,500 yuan in 2024, a slight increase of 6,100 yuan from the previous year [4] Shareholder Information - As of June 30, 2013, the number of A-share shareholders decreased by 10.80% to 21,400, with an average holding of 13,700 circulating A-shares, which increased by 69.52% [5] - By September 30, 2025, the fourth largest circulating shareholder was China Merchants Securities (Hong Kong) Co., Ltd., holding 20.29 million shares, unchanged from the previous period [5]