GreatStar(SZ:002444) Xin Lang Zheng Quan·2025-10-30 15:10Core Viewpoint - Juxing Technology is a leading manufacturer in the global tools and hardware industry, showcasing strong research and development capabilities along with extensive sales channels, resulting in top rankings in revenue and net profit within the industry [1][2]. Group 1: Business Performance - In Q3 2025, Juxing Technology achieved a revenue of 11.156 billion yuan, ranking first among 51 companies in the industry, significantly surpassing the industry average of 1.351 billion yuan and the median of 739 million yuan [2]. - The company's net profit for the same period was 2.211 billion yuan, also ranking first in the industry, with the industry average at 141 million yuan and the median at 57.334 million yuan [2]. Group 2: Financial Health - As of Q3 2025, Juxing Technology's debt-to-asset ratio was 17.28%, a decrease from 27.35% in the previous year, which is well below the industry average of 38.24%, indicating strong solvency [3]. - The gross profit margin for the same period was 33.08%, slightly up from 32.39% year-on-year, and higher than the industry average of 26.36%, reflecting robust profitability [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 25.35% to 36,300, while the average number of circulating A-shares held per shareholder increased by 33.96% to 31,600 [5]. - The top circulating shareholder, Hong Kong Central Clearing Limited, increased its holdings by 8.9613 million shares to 28.6788 million shares [5]. Group 4: Strategic Developments - Juxing Technology has transformed into a diversified enterprise through a series of mergers and acquisitions, establishing a global multi-tiered sales network [5]. - The company reported over 30% growth in cross-border e-commerce revenue in the first half of 2025 and is investing in new manufacturing facilities in Vietnam and Thailand [5][6]. - The company is recognized as a leading exporter of hand tools in China, with a dual-driven transformation strategy focusing on mergers and acquisitions and brand development [6].